Seth’s Blog on Finance

Changes to Medishield from March 2013

Medishield is going to undergo several changes effective from March 2013. The most notable of these changes would probably be the increase in premium rates across the board for all age bands.

People between their twenties and fifties will see an increase of about 100% in the annual premium for Medishield. A person in his twenties used to pay $33 per year for Medishield coverage. This would double to $66. The premium rates for people in their thirties and fourties have been increased from $54 and $114 to $105 and $220 per year respectively.

There is also an increase in the deductible payable by the insured for Class B2 and C wards, i.e. the amount payable by the insured upon admission to these wards before Medishield coverage kicks in is increased. The previous deductible of $1,000 for C ward and $1,500 for B2 ward is increased by $500.

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