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Singapore offers universal healthcare coverage to our citizens, with a financing system anchored on the twin philosophies of individual responsibility and affordable healthcare for all. This is done by implementing different tiers of protection.
1st tier: The Government subsidizes up to 80% of the total bill in acute public hospital wards for all Singaporeans. 2nd tier: Medisave, a compulsory individual medical savings account scheme can be used to pay qualifying medical bills. 3rd tier: Medishield, a low cost medical insurance scheme. This scheme allows Singaporeans to risk pool the financial risks of major illnesses. In addition to the above, Eldershield, a severe disability insurance is open for Singaporeans aged 40 and above. Some Singaporeans supplement their basic coverage with private insurance policies. (source: MOH website).
Special Announcement: We have just launched our New "Managing Healthcare Cost" section. Click here to check it out now!
Do you understand and know when to access each level of healthcare financing? Are you well-prepared for your retirement?
If you have any questions and concerns on Medisave, Medishield, Eldershield and/or private health insurances, take this chance to ask the expert online, for free.
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The experts from Financial Alliance, an independent financial advisory will be online to advice you on managing your healthcare cost in Singapore. If you have any questions and concerns on medisave, medishield, eldershild and even private health insurances, take this chance to ask the expert online, for free. |
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Click here to view / post your questions now! Note: You must login before posting your question. If you have not registered with Health Xchange, click here to REGISTER for free now. All answers will be published online by 10th August 2010.
Due to tight schedules, our specialists may not be able to answer all the questions posted. However, we will try our best to answer all the most relevant and commonly-asked questions.
This discussion forum is intended for general information and is provided on the understanding that no surgical and medical advice or recommendation is being rendered. Please do not disregard the professional advice of your physician.
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