Guest Insurance Posted March 16, 2016 Report Share Posted March 16, 2016 Insurance from the goverment.Which one to buy.Pay with Medisave. Over and above the basic MediShield Life, it will cover 9 out of 10 Class B1 hospital bills Singaporeans wanting insurance coverage for a higher hospital class than that provided by the basic MediShield Life can opt for a new standardised package from five private insurers from May 1. This new Integrated Shield Plan (IP) will cover nine out of 10 Class B1 public hospital bills, and will give people the option for coverage beyond Class B2/C at affordable premiums. The Ministry of Health (MOH) worked with the five private insurers to develop the key features of the new Standard IP, following public feedback to the MediShield Life Review Committee that there was demand for such coverage. Class B1 offers some benefits over the lower Class B2/C such as air-conditioned four-bed wards, instead of non-air-conditioned wards with six beds or more, and the option to choose one's doctor. People now on Class B1, Class A or private hospital plans would also be able to switch to this option. The benefits of the new IP are identical across insurers, with claims limits such as $1,700 a day for a patient in a B1 ward, and $2,900 a day in intensive care. But the five insurers will be charging different premiums, which can differ by as much as $1,683 a year. In announcing the new IP yesterday, MOH said this was due to "each insurer's commercial considerations and risk assessment frameworks". Launched last November, MediShield Life gives all 3.9 million Singaporeans and permanent residents a basic health insurance plan which covers them for life. It helps to pay for large subsidised hospital bills and selected outpatient treatments, such as dialysis and chemotherapy. Those who choose to stay in a Class A or Class B1 ward or in private hospitals can buy an IP for additional coverage. Almost two in three people have IPs, of which 56 per cent are for private hospitals, 25 per cent for Class A and 19 per cent for B1. There are seven B1 IPs, but only four accept new policyholders. The new standard no-frills B1 plan, like MediShield Life, does not pay for pre- and post-hospital treatment, unlike most IPs now. The five insurers will send letters to existing B1 policyholders to offer them the choice of switching to the standard plan. As agreed with MOH, they will not raise premiums for two years. Premiums can be fully paid for with Medisave, at least up to the age of 75. Mr Khoo Kah Siang, president of the Life Insurance Association of Singapore, said the plan will appeal to people who want more coverage than MediShield Life, or who want to downsize from their existing private plans. They should not look only at premiums when deciding on an IP, he said, as premiums are not guaranteed and insurers "may raise premiums differently over time". Link to comment Share on other sites More sharing options...
Guest Posted March 16, 2016 Report Share Posted March 16, 2016 why is it that PRs are also included in this program. They diluted the subsidies benefits for singaporeans. Link to comment Share on other sites More sharing options...
Guest Raiden Alpha Posted March 16, 2016 Report Share Posted March 16, 2016 Up to this day you all still haven't figure out the difference between a direct taxation system and a indirect taxation system hidden in the sub category of a cpf pension system yet right? In a country with a direct taxation scheme the government will use the public tax money directly back on the public with affordable or free healthcare services. In a country like Singapore with a indirect taxation scheme hidden away in one of the sub category account of the cpf pension scheme,the money in medisave is channel away into private medical groups and insurance providers to give the nation the same type of similar benefits of other true functioning first world socialist nations. To break it down it is actually very simple,the government monopolise the local economics and their own affiliates sit at the boards of director of these private enterprises then the government direct the entire nation of public money into these businesses to provide services and tasks for the citizens. What was once public money have now become private money sitting within individual pockets. There is no justice in this island at all. All because the common people cannot think out of their conditioned minds to seek a new servant to help them in life instead of crippling them. Link to comment Share on other sites More sharing options...
Guest Posted March 16, 2016 Report Share Posted March 16, 2016 Whatever, I don't mind paying more for B1 ward. They are not patient with patients until I lose my patience in the C ward. Link to comment Share on other sites More sharing options...
Cube3 Posted March 16, 2016 Report Share Posted March 16, 2016 12 hours ago, Guest said: Whatever, I don't mind paying more for B1 ward. They are not patient with patients until I lose my patience in the C ward. But subsidy is only 20%, so end up overall payment still very high! Link to comment Share on other sites More sharing options...
abang Posted March 16, 2016 Report Share Posted March 16, 2016 (edited) This new initative masks the fact that the payment by the patient upon discharge is much, much higher. When compared to the lowest wards, the subsidy is a difference of 60%. Unless the patient has a short hospitalisation, the difference can be quite significant. I, for one, had been blessed with improved health after 2 events of hospitalisation in Dec 15 and Jan 16. Without the generous subsidy and if I stayed in a better ward, my CPF deduction would have been humongous. Yes, the premium seems affordable but before we plunge into it, take in the fact that as we grow older, the cost of medical care will increase and would there be sufficient funds to cover them? For me, touch wood, I am staying put. Edited March 16, 2016 by abang Link to comment Share on other sites More sharing options...
whitedick Posted March 17, 2016 Report Share Posted March 17, 2016 In the states, it aint all rosy and green and definitely aint beautiful. The personal income taxes for US citizen can be astonishing high but at the same time, medical healthcare is not fully taken care of too. Yes, the latest ObamaCare has been implemented, however, read widely and do speak with the US citizens on how many essential medicine have been taken out with much higher copay from the individual. Just a note, it is important to go for medical plans with "As charged", rather than a limit be it daily or monthly as medical cost will escalate. US tax system Marginal Tax Rates and Income Brackets for 2015 Marginal Tax Rate[17] Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household 10% $0 – $9,225 $0 – $18,450 $0 – $9,225 $0 – $13,150 15% $9,226 – $37,450 $18,451 – $74,900 $9,226 – $37,450 $13,151 – $50,200 25% $37,451 – $90,750 $74,901 – $151,200 $37,451 – $75,600 $50,201 – $129,600 28% $90,751 – $189,300 $151,201 – $230,450 $75,601 – $115,225 $129,601 – $209,850 33% $189,301 – $411,500 $230,451 – $411,500 $115,226 – $205,750 $209,851 – $411,500 35% $411,501 – $413,200 $411,501 – $464,850 $205,751 – $232,425 $411,501 – $439,000 39.6% $413,201+ $464,851+ $232,426+ $439,001+ Link to comment Share on other sites More sharing options...
Cube3 Posted March 17, 2016 Report Share Posted March 17, 2016 5 hours ago, whitedick said: In the states, it aint all rosy and green and definitely aint beautiful. The personal income taxes for US citizen can be astonishing high but at the same time, medical healthcare is not fully taken care of too. Yes, the latest ObamaCare has been implemented, however, read widely and do speak with the US citizens on how many essential medicine have been taken out with much higher copay from the individual. Just a note, it is important to go for medical plans with "As charged", rather than a limit be it daily or monthly as medical cost will escalate. US tax system Marginal Tax Rates and Income Brackets for 2015 Marginal Tax Rate[17] Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household 10% $0 – $9,225 $0 – $18,450 $0 – $9,225 $0 – $13,150 15% $9,226 – $37,450 $18,451 – $74,900 $9,226 – $37,450 $13,151 – $50,200 25% $37,451 – $90,750 $74,901 – $151,200 $37,451 – $75,600 $50,201 – $129,600 28% $90,751 – $189,300 $151,201 – $230,450 $75,601 – $115,225 $129,601 – $209,850 33% $189,301 – $411,500 $230,451 – $411,500 $115,226 – $205,750 $209,851 – $411,500 35% $411,501 – $413,200 $411,501 – $464,850 $205,751 – $232,425 $411,501 – $439,000 39.6% $413,201+ $464,851+ $232,426+ $439,001+ Hmmm, payment issues aside, if you had a choice, would you undergo healthcare treatment at a hospital in US or one in Singapore? Keeping in mind we just had problems like hepatitis epidemics in local institutions...? And the B2, C class wards here have no air-conditioning Link to comment Share on other sites More sharing options...
Guest Posted March 22, 2016 Report Share Posted March 22, 2016 On Thursday 17,March,2016 at 2:59 PM, Cube3 said: Hmmm, payment issues aside, if you had a choice, would you undergo healthcare treatment at a hospital in US or one in Singapore? Keeping in mind we just had problems like hepatitis epidemics in local institutions...? And the B2, C class wards here have no air-conditioning The vast majority of singaporeans would likely have to use our local hospitals. Link to comment Share on other sites More sharing options...
Cube3 Posted March 23, 2016 Report Share Posted March 23, 2016 17 hours ago, Guest said: The vast majority of singaporeans would likely have to use our local hospitals. Local public hospitals Link to comment Share on other sites More sharing options...
lovehandle Posted March 24, 2016 Report Share Posted March 24, 2016 can someone provide a direct link to the above documents quoted pls? good to cite and we can ascertain its source Link to comment Share on other sites More sharing options...
Cube3 Posted March 24, 2016 Report Share Posted March 24, 2016 1 hour ago, lovehandle said: can someone provide a direct link to the above documents quoted pls? good to cite and we can ascertain its source Must ask Whitedick Link to comment Share on other sites More sharing options...
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