Sorry for the long delay. I’ve finally updated my MediShield Life comparison article to include Standard Plan and AXA Shield!
Hey! I’m a full-time Financial Advisor and my clients need me. 😀
Tag: MediShield Life
MediShield Life & Integrated Shield plans updated
Sorry, it took a while but my MediShield Life & Integrated plan article has been updated.
I’ve fact checked, improved the grammar, added updated information after MOH has clarified certain questions and the claims example is much clearer.
*** MOH will be announcing more details on the new Public Hospital B1 Ward plans soon! 
 my blog to be the first to learn what’s in store for you & your family! ***
How the new Medisave Additional Withdrawal Limit affect your AIA HealthShield?
Many of my clients have received letters from AIA explaining the new MediSave Additional Withdrawal Limits (AWL) and their first questions is, “Will I have to pay more cash?”
The answer is fortunately, NO!
The new AWL actually INCREASE your withdrawal limit which can be used to pay for your AIA HealthShield plans, so you have to pay less cash if you’re nearing retirement or already retired.
I’ve done up a new post with Tables showing the before/after of how much you need to top up in cash. Check it out below.
AIA HealthShield Gold Max Additional Withdrawal Limit Table
Once I get some sleep, I’d update my original Integrated Plans article to include the latest published information from MOH.
MediShield Life & Integrated Plans
MediShield Life is slated to be launched by end of 2015. It supersedes the current MediShield plan by providing better coverage for all Singaporean & PR while making concessions to premium by subsidizing premium for the elderly.
Many of my clients have asked me if it’s worth to continue their Private Medical Insurance Scheme (PMIS) integrated plans (IP) and my answer to them is YES! MediShield Life does not change the reason for buying an IP in the first place.
The reason is simple. A PMIS policy from any of the 5 insurers is meant to cover an individual who wants to enjoy a higher level of service from hospitals in Singapore. MediShield Life doesn’t provide adequate coverage for this group.
My Thinking Out Loud! 