Do you need an integrated shield plan in Singapore?
In Singapore, as long you are a Singaporean or Permanent Resident, you will be automatically offered a mandatory hospital coverage plan called Medishield life. ( https://www.moh.gov.sg/cost-financing/healthcare-schemes-subsidies/medishield-life ) Currently, it has a coverage of $150,000 per year and unlimited renewal for lifetime. This plan is fully payable by our CPF-medisave account. There will be a portion of deductible and co-insurance you have to co-pay in an event of hospitalisation. With this compulsory cover already given to us, why are there people still considering the private (integrated) shields from insurers? In Singapore restructured hospital system, there are four type of ward classes, A, B1, B2 and C wards. The Medishield life payout are designed for the subsidised Restructured B2 & C wards’s bill size. For integrated shield, you will be covered for the A class wards of Restructured or Private hospitals’ higher costs. Both Medishield life and Integrated shield w