MediShield Life is a basic health insurance plan, administered by the Central Provident Fund (CPF) Board that protects all Singapore Citizens and Permanent Residents against large hospital bills for life, regardless of age or health condition (even those with pre-existing conditions). Because #healthiswealth #goodforhealth #healthforgood

If you wish to claim from MediShield Life, please inform the hospital staff handling your hospital admission or outpatient treatment. The hospital will submit the claim for you to the CPF Board for processing. To understand how a MediShield Life claim works, you should know that the payout is calculated based on three components:

• Claimable limits
• Deductible
• Co-insurance

MediShield Life will cover the bill up to the claimable limit (A), less the deductible (B) and co-insurance (C) components.

• The portion covered by MediShield Life is in yellow

• The portions in blue are payable using Medisave and/or cash

In this illustration, the box represents the hospital bill

A. Claimable limit

The claimable limit is the maximum portion of the bill eligible for MediShield Life claim. It depends on your length of stay and the type of procedure you underwent. This claim limit is set at $100,000 per policy year, with no lifetime limits on claims.

B. Deductible

Before you receive a MediShield Life payout, you first have to pay the deductible, which is a fixed amount to pay in each insurance policy year. The amount of deductible payable depends on your age and type of ward chosen (see Table 1).

C. Co-insurance

This is the amount you have to co-pay after you have paid the deductible. It is usually stated as a percentage of your claimable amount, ranging from 3% to 10% (see Table 2).

For more information on how MediShield Life claim works, visit www.cpf.gov.sg/members/schemes/schemes/healthcare/medishield-life

Read on to learn about 3 things you need to know when claiming insurance for hospital bills 

Ref: L20