The MediShield Life Council has completed a comprehensive review of MediShield Life to ensure that the scheme remains relevant to Singaporeans in light of the evolving healthcare landscape and rising costs and claims. In particular, the Council has recommended changes to MediShield Life benefits and premiums to better protect Singaporeans against major health episodes, and enable Singaporeans to afford new types of care.
On 15 October 2024, the Government announced that it accepted all of the Council’s recommendations. To support the enhancements to MediShield Life, premiums will need to increase, starting from April 2025 upon policy renewal. The Government will provide an additional $4.1 billion in support measures, comprising $3.4 billion in MediSave top-ups and $0.7 billion in premium subsidies for the next three years to help Singaporean manage the premium increases.
The support package will offset the cumulative increase in MediShield Life premiums over the next three years for almost all ages and income levels. No one will be denied coverage due to an inability to pay their premiums.
Please refer to the full report for the MediShield Life 2024 Review, press release and FAQs for more details.