Medishield coverage to improve, premium to increase too

Min­istry of Health has just announced that the MediShield Cov­eage will be revamped by the first quarter of 2013, mak­ing the cov­er­age bet­ter, but with high­er premi­um and high­er med­ic­al fee one has to bear first before claim­able from the MediShield scheme.

The main enhance­ments are

1) Annu­al lim­it to increase to $70,000 from $50,000.
2) Life­time lim­it to increase to $300,000 from $200,000.
3) Cov­er­age age up to 90 years old, pre­vi­ously was 85 years old.
4) Include new cov­er­age on psy­chi­at­ric treat­ment up to $100 a day, for up to 35 days yearly.
5) Include short stay wards in emer­gency depart­ment.

Cost issues includes

1) Premi­um increase range from $17 to $251 per year.
2) Deduct­ible (pay­ment by patient before MediShield kicks in) for the insured up to 80 years old  to increase to $1500 from $1000 for C Class Ward, and to increase to $2000 from $1500 for B2 Class Ward.

The gov­ern­ment is also con­sid­er­ing to include treament for con­gen­it­al prob­lem and neonat­al care, sub­ject to the out­come from the pub­lic con­sulta­tion.

For those who are on private Medis­ave-approved Integ­rated Shield plan, you can expect your premi­um to be increased too next year, since the under­ly­ing basic plan is the MediShield plan.