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Coffeeshop Chit Chat - MediShield premiums to shoot up !
From: sunshinebolx Mar-6 10:40 pm
To: ALL (1 of 13)
63386.1
MediShield premiums to increase soon: health minister
Posted: 07 March 2012 1346 hrs
Photos 1 of 1
Gan Kim Yong
SINGAPORE: Health Minister Gan Kim Yong said MediShield premiums are due for an increase soon.
Mr Gan told Parliament on Wednesday that the premiums need to be adequate to sustain MediShield members' claims and fund future liabilities.
He said a 45-year-old may see a premium increase of S$7 per month, with younger age groups seeing a smaller increase.
While a 75-year-old could see an increase of S$25 per month.
To offset these increases, a one-time Medisave top-up of up to S$33 per month, was announced in the recent Budget for all Singaporean policy holders to help cushion the impact of the increase.
In addition, older policy holders who are beyond the re-employment age of 65 will receive direct and long-term assistance via Medisave top-ups under the GST voucher scheme, up to S$37.50 per month which can offset the premium increase in full.
- CNA/ck
From: sunshinebolx Mar-6 10:40 pm
To: ALL (1 of 13)
63386.1
MediShield premiums to increase soon: health minister
Posted: 07 March 2012 1346 hrs
Photos 1 of 1
Gan Kim Yong
SINGAPORE: Health Minister Gan Kim Yong said MediShield premiums are due for an increase soon.
Mr Gan told Parliament on Wednesday that the premiums need to be adequate to sustain MediShield members' claims and fund future liabilities.
He said a 45-year-old may see a premium increase of S$7 per month, with younger age groups seeing a smaller increase.
While a 75-year-old could see an increase of S$25 per month.
To offset these increases, a one-time Medisave top-up of up to S$33 per month, was announced in the recent Budget for all Singaporean policy holders to help cushion the impact of the increase.
In addition, older policy holders who are beyond the re-employment age of 65 will receive direct and long-term assistance via Medisave top-ups under the GST voucher scheme, up to S$37.50 per month which can offset the premium increase in full.
- CNA/ck
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