Medical Insurance Calculator
In
In the first tier, there are government subsidies of up to 80% in acute public hospital wards which all
In the second tier is by self-insuring. All
The third tier is Medishield. Medishield is an insurance scheme administered by the CPF Board. The targeted purpose of Medishield is to cover 80% of large hospital bill for B2/C ward. Premiums for Medishield can be funded through CPF Members’ Medisave account.
For B1 ward or better, the Ministry of Health recommends that CPF Members purchase a Medisave approved private-intergrated Shield plans.
Since 1 July 2005, each of these Medisave-approved plans have been integrated with MediShield to form a single integrated plan. These Integrated Shield Plans provide additional benefits and coverage when one opt for Class A and B1 wards in the restructured hospitals, or private hospitalisation.
Policyholders on the Medisave-approved Integrated Shield plans retain the benefits of MediShield membership, while their private insurer will service all their needs. In other words, policyholders pay their premium, and submit claims directly to their private insurer. Their private insurer will then sort out all arrangements with MediShield.
Medisave can also be used to pay for premiums of these private Medisave-approved Integrated Shield plans, subject to a withdrawal limit of $800 per policy, per year. For policyholders aged 81 and above, the withdrawal limit is $1,150 per policy, per year.
There are a number of insurers which offers such private-intergrated shield plans. However, their premiums and benefits varies. While premiums for younger age groups are affordable, this is not so for older age groups. The total amount of premiums one would be required to pay can be huge. Therefore, it is important that one select the correct product.
If you specify your age and hospital type desired below, the computer will provide an immediate response to you showing you the current indicative premium and as well as the projected accumulative premium you have to pay until age 100. Feel free to answer the questions below, there is no obligation:
