The Cost of Falling ill in Singapore


 

Daily Dose:  Medical Expense - Can we afford it?

Rising medical cost is the new norm. With Covid19 in 2020, it is expected to rise further. Correspondingly Medical Insurance is set to rise too. For most Singaporeans on Medishield or private medical insurance, we have experienced doubly of premiums over the past few years. For next year, the cost is anticipated to rise as much as a whopping 35% for some. For some, that increase could be as much as $1000 or more if it is a private medical insurance.

It is getting expensive in Singapore to be ill or even to remain healthy. If you fall ill and do not have the coverage, expect to pay a huge chunk of your savings in medical cost. The other option is to get as much coverage as possible. You would still have to foot the increasing premiums, but at least this is spread out throughout your lifetime.

Healthy or sick, everyone has to pay a price.


1) 27 New Covid 19 cases


17 Dorms

9 Imported

1 Community

After days of low numbers, the numbers jumped back up to 27 cases. However, community case remains low with only 1 Work Permit holder detected


Source:Today


2) Medishield Life review calls for higher premiums, expand coverage for treatments for attempted suicide, drug addiction and alcoholism


A set of recommendations has been put forth to improve MediShield Life coverage for Singaporeans, such as raising the policy-year claim limit from S$100,000 to S$150,000 and lowering the deductible for day surgeries for older patients.


With the expanded coverage, the council is calling for higher premiums to keep the scheme sustainable.


Source: Today

 https://www.todayonline.com/singapore/major-review-medishield-life-calls-higher-premiums-expanded-coverage-include-treatments


3) MediShield Life: One-off Covid-19 subsidy for all S'poreans to cushion impact of higher proposed premiums


Medical cost is rising in Singapore and so is the premium for MediShield.


In all, over the next three years, the Government will channel about S$2.2 billion to help citizens and permanent residents (PRs) with their MediShield Life premiums, the Ministry of Health (MOH) said on Tuesday (Sept 29). 



Part of the S$2.2 billion will go to the one-off Covid-19 subsidy that will fund 70 per cent of the net increase in premiums for citizens in the first year — after taking into account existing subsidies — followed by a 30 per cent subsidy in the second year


In all, over the next three years, the Government will channel about S$2.2 billion to help citizens and permanent residents (PRs) with their MediShield Life premiums, the Ministry of Health (MOH) said on Tuesday (Sept 29). 


Along with existing measures to help Singaporeans with premiums, the subsidy will keep net premium increases for this group to about 10 per cent in the first year, MOH said.


Without the subsidy, it will rise by as much as 35%! 



Source: Today


 https://www.todayonline.com/singapore/medishield-life-one-covid-19-subsidy-cushion-impact-higher-proposed-premiums


4)SIA ditches ‘flight to nowhere’ idea, rolls out A380 restaurant, delivery menu and training facilities tour


It will not be a Great Way to Fly but a Great Way to Dine?


Source: Today 

https://www.todayonline.com/singapore/sia-ditches-flight-nowhere-idea-rolls-out-a380-restaurant-delivery-menu-and-training


5) 32 Diners fined for breaching Covid 19 rules, Brewerkz, Siam Square Mookata among F&B outlets ordered to close


The eight outlets that have been ordered to close for 10 days each are: Brewerkz at Riverside Point, Siam Square Mookata at Punggol Point, Chicken Up and Ggang Tong in Tanjong Pagar, a drinks stall at New Upper Changi and Jalan Membina, Jamboree Bar & Cafe at Orchard Towers, and Cafe de Muse at Shaw House.


Source: CNA

https://www.channelnewsasia.com/news/singapore/diners-fine-brewerkz-siam-square-mookata-outlets-closed-covid-19-13159582





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