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Increase in MediShield Life premiums covered for most by 1% rise in Medisave and subsidies

Published on Jun 7, 2014 2:26 PM
 
The 1 per cent increase in Medisave contribution from employers next year will be enough to offset the rise in premiums for most upper middle income families when MediShield Life starts at the end of next year. -- PHOTO: ST FILE 

SINGAPORE - The 1 per cent increase in Medisave contribution from employers next year will be enough to offset the rise in premiums for most upper middle income families when MediShield Life starts at the end of next year.

Middle and lower income families will also have no problems with the expected much higher premiums as they will get permanent subsidies from the government.

Giving this assurance on Saturday, Mr Gan Kim Yong, Minister for Health, added that any who still face difficulties will get further help.

Speaking at the sidelines of an event to celebrate World Blood Donors Day at Sentosa, Mr Gan said the launch of MediShield Life “is a very important shift in the healthcare financing framework."

 
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