A Shield plan is designed to cover major/catastrophic events related to Hospitalisation & Surgery (H&S). It is not meant to cover minor ailments and visits to general practitioners.
CPF Board operates the CPF MediShield, which covers up to 80 per cent of your H&S bills at subsidised wards in restructured hospitals.
The private Integrated Shield Plans run by private insurers are designed to cover hospitalisation in A & B1 wards in restructured hospitals and private hospitals. You may still choose to stay in a subsidised ward if you have a private Shield plan.
Figure 1: Compares some key details between MediShield and private Shield plans.
|Intended Coverage||Features||Payment Mode||Co -Payment||Riders/ Add- Ons|
|Restructured hospital B2 ward & below||Has a sub limit||CPF|| Co- Insurance
|Private Shield Plan ( also known as Integrated Shield Plan)||Up to private hospital (depending on choice of plan)||As charged||CPF + cash||Co-Insurance
Medisave-approved Integrated Insurance Plans
Apart from the MediShield scheme, which the Central Provident Fund Board runs, you can also choose from among other Medisave-approved Integrated Shield Plans offered by private insurers.
Since 1 July 2005, each of these Medisave-approved plans have been integrated with basic MediShield to form a single integrated plan. These Integrated Shield Plans provide you with additional benefits and coverage when you opt for Class A and B1 wards in public hospitals, or private hospitalisation.
Policyholders on the Medisave-approved Integrated Shield plans retain the benefits and coverage of the basic MediShield tier, while enjoying enhanced coverage provided by their private insurers. Premiums are paid directly to the private insurers who will service all the policyholder’s needs. Similarly, private insurers will service all claims and sort out all back-end arrangements with CPF Board to include any payouts from MediShield.
Medisave can also be used to pay for premiums of these private Medisave-approved Integrated Shield plans. From 1 Nov 2013, the Medisave withdrawal limits for Integrated Shield plan are:
- $800 per policy, per year, for those aged 65 and below next birthday;
- $1,000 per policy, per year, for those aged 66 to 75 next birthday;
- $1,200 per policy, per year, for those aged 76 to 80 next birthday; and
- $1,400 per policy, per year, for those aged 81 and above next birthday.
Medisave-approved Integrated Shield Plans include:
- Great Eastern Life Assurance Co’s SupremeHealth
- NTUC Income’s IncomeShield and Enhanced IncomeShield
- AIA Singapore Private Limited’s HealthShield Gold
- Aviva Ltd’s MyShield]
- Prudential Assurance Co’s PRUshield