the TLDR you need
Integrated shield plan will no longer offer ‘As-Charged’ coverage for cancer from 1st April. This is in line with the MOH policy and MediShield Life (MSL) changes. For Income Enhanced Incomeshield Plan, do note that coverage will be based on the below for drugs on the cancer drug list.
If you have the main plan and rider (Deluxe Care Rider / Plus Rider / Classic Care Rider / Assist Rider)
(Private Hospital) Preferred Plan + Rider: 15x MSL Limit
(Govt A Ward) Advantage Plan + Rider: 12x MSL limit
(Govt B1 Ward) Basic Plan + Rider: 9x MSL Limit
If you have the Main IP plan only
(Private Hospital) Preferred Plan: 5x MSL Limit
(Govt A Ward) Advantage Plan: 4x MSL limit
(Govt B1 Ward) Basic Plan: 3x MSL Limit
Conclusion: Beyond just covering for copayment, the rider is now a necessity if you want to be covered at a more relevant level.
And while Incomeshield is still one of the most consistent and premium/coverage competitive plans available in the market. it may be prudent to consider a standalone cancer rider that can cover you more comprehensively. Whatsapp me to find out more/
I will summarise on the other insurers in the subsequent posts.
info correct as of 29th march
Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
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