With effect from 1 March 2013, the Ministry of Health (MOH) will make the following changes to the current MediShield Plan more comprehensive.
a) Remove the maximum entry age of 75 years old. This will help the healthy uninsured elderly to apply for MediShield
b) Increase the maximum coverage age from 85 to 90 years old.
c) Increase the Medisave withdrawal limits for MediShield and Integrated Shield Plans premiums from $800 to $1,000 for those aged 76 to 80 and from $1,150 to $1,200 for those above age 80.
d) Increase the deductible for B2 ward from $1500 to $2000 and C ward from $1000 to $1500.
e) Extend coverage to include short-stay wards in Emergency Departments.
f) Extend coverage to inpatient psychiatric treatment at $100 per day up to 35 days per year.
g) Increase the policy year limit from $50,000 to $70,000 and lifetime limit from $200,000 to $300,000.
With the above enhancements, the annual premium will increase too. The private Medisave-Approved Integrated Shield Plans from AIA, Aviva, Great Eastern, NTUC Income and Prudential will also increase their annual premiums too, as MediShield is the underlying integrated basic plan. For those aged 65 and below, the annual premium increase will be up to $120, and for those above 65 years old will face increase of up to $252 annually. To minimise the financial premium impact of this increase in 2013, the Government will provide one-off top-up to the MediSave Account, which ranges from $50 to $400. For those who are 66 years old and above, they will enjoy additional Medisave top-up of $250-$450 under the Annual GST Voucher program.