MediShield Life: Medisave sum 'goes further in new plan'
MediShield Life helps trim co-payment sums: Minister
Published on Jun 21, 2014 9:46 AM
People who need serious or frequent hospital treatment will find that the money in their Medisave accounts will go much further under MediShield Life than it does today, Health Minister Gan Kim Yong said.
Singaporeans will pay higher premiums under the proposed lifelong insurance scheme. However, their share of big subsidised hospital bills will be much lower.
The MediShield Life Review Committee recommended that co-payment of bills be reduced from 10 per cent to 20 per cent today to 3 per cent to 10 per cent.
Mr Gan said: "The idea is that MediShield Life provides a larger coverage, so the amount you need to pay as co-payment comes down.
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