SINGAPORE: Health Minister Gan Kim Yong said the
number of MediShield policyholders who exceeded the current
lifetime limit of S$200,000 has jumped to 43 last year, compared to
just 11, in 2010.
In a written reply to Parliament, Mr Gan said the
number will continue to increase as policyholders age and
accumulate more claims over time.
To provide more assurance to MediShield members, the
government will extend the lifetime limit from S$200,000 to
S$300,000, while the policy year limit will be raised from S$50,000
to S$70,000.
MediShield's maximum coverage age will also be raised from 85 to 90
years.
Mr Gan added the government will continue to study options to
address Singaporeans' concerns about health insurance coverage
beyond the age of 90.
- CNA/fa