Medisave-approved Integrated Shield Plans
MediShield Life, which is run by the Central Provident Fund (CPF) Board, provides coverage that is sized for subsidised treatment in public hospitals.
If you plan to use Class A/B1 wards of public hospitals or go to a private hospital for your future hospitalisations, you may wish to consider purchasing Medisave-approved Integrated Shield Plans (IPs).
IPs are made up of two components – MediShield Life and additional private insurance coverage providing additional benefits and coverage (e.g. to cover the costs of private hospitals or Class A/B1 wards in the public hospitals).
If you have an IP, you are already covered by MediShield Life. The premiums you pay to your private insurer already includes the premiums for the MediShield Life component. As MediShield Life is part of your IP, there is no duplicate coverage.
If you had a Medisave-approved plan with a private insurer before 1 July 2005, your plan would have been transited to a Medisave-approved Integrated Shield plan by your private insurer. After the transition, Medisave cannot be used to pay for the premiums of the old plan.
For more information on IPs, please click here.
Usage of Medisave monies
Medisave may also be used to pay for IP premiums
From 1 Nov 2015, the previous Medisave Withdrawal Limits (MWLs) for IPs will cease to exist. Going forward, the MediShield Life component of IPs may be fully payable by Medisave. Meanwhile, the additional private insurance component may be payable up to the new Additional Withdrawal Limits.
For more information on the Additional Withdrawal Limits, click here.