From 1 March 2021, MediShield Life (MSHL) benefits will be enhanced to ensure that the scheme continues to provide adequate and meaningful protection to Singaporeans. Its premiums will be adjusted in tandem to support the rising number of claims and payouts as well as the benefit changes. These enhancements will also help ensure that MediShield Life remains sustainable in the coming years.
To help cushion the impact for the premium adjustments in the first two years, a one time COVID 19 Subsidy for MSHL premiums will be introduced by the Government. For Singapore Citizens, 70% of the net increase in premiums in the first year will be subsidised , followed by 30% in the second year. Taken together with the existing premium support measures, the net premium increases for all Singapore Citizens will be kept to no more than about 10% in the first year.
For our Integrated Shield Plan customers, the premiums will be adjusted under the MediShield Life component from 1 March 2021. You can refer here for the summary of changes and premium adjustment.
You can refer to the Ministry of Health announcement for full details on the changes.