While the healthcare changes outlined in the NDR speech sound reasonable, it is hard to say if the individual’s out-of-pocket healthcare expenses will actually be reduced till the finer details are confirmed.
As of now, the Medisave withdrawal limit for each premium (Medishield and Integrated Shield Plan) is up to $800 per insured person per policy year, and any sum above $800 has to be paid out-of-pocket.
How will the increased premiums under Medishield Life be funded?
PM Lee said that the state will spend more on healthcare. But he also said that the Medisave contribution rate will be raised. Full story
