Integrated Shield Plan riders: What you need to know

Income's Mr Andrew Yeo says that from April 1 next year, only riders with co-payment features can be bought from the insurer.
Income's Mr Andrew Yeo says that from April 1 next year, only riders with co-payment features can be bought from the insurer.

Ministry's move to incorporate a co-payment element should encourage rethink of needs

he soaring costs of healthcare are raising concerns among many of us, so the moves by the Health Ministry last month to try reining them in have been welcomed.

The key measure is that sales of insurance riders that fully pay your portion of the hospital bill - this typically means the bill is covered from the first dollar - will cease from April 1 next year. That's when a new rider that will include a patient's co-payment for a hospital bill becomes available.

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A version of this article appeared in the print edition of The Sunday Times on April 15, 2018, with the headline 'Integrated Shield Plan riders: What you need to know'. Print Edition | Subscribe