askST: What the new rules mean for policyholders

All riders for MediShield-linked IPs sold from yesterday must eventually have a co-payment element of at least 5 per cent of the hospital bill. But the total amount that a policyholder has to pay can be capped at $3,000 a year.
All riders for MediShield-linked IPs sold from yesterday must eventually have a co-payment element of at least 5 per cent of the hospital bill. But the total amount that a policyholder has to pay can be capped at $3,000 a year.ST PHOTO: ALVIN HO

On Wednesday, the Ministry of Health (MOH) issued requirements for new riders of MediShield-linked Integrated Shield Plans (IPs).

All riders sold from yesterday must, eventually, have a co-payment element of at least 5 per cent of the hospital bill. But the total amount that a policyholder has to pay can be capped at $3,000 a year.

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A version of this article appeared in the print edition of The Straits Times on March 09, 2018, with the headline 'What the new rules mean for policyholders'. Subscribe