From 1 September 2022, MediShield Life (MSHL) and MediSave (MSV) will ONLY cover treatments on the Ministry of Health (MOH)’s Cancer Drug List (CDL). For all Integrated Shield Plans (IPs), the CDL will take effect from 1 April 2023, upon the renewal of the policy.
With the introduction of the new Approved Cancer Drug List¹, cancer patients that receive off-label medication are required to pay upfront without being able to claim from their Integrated Shield Plans (IPs).
Off-label drugs are commonly used in the private healthcare sector, when standard treatments do not work.
Under the new ruling, insurers will not be able to pay for the treatment if the drug used does not fall in the approved list, and the cost of treatment may come up to $20,000 a month.²
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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