Medisave, Still Sounds Like CRAP to me...
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Medisave withdrawal limits for hospital bills to be raised to $450
By Valarie Tan, Channel NewsAsia | Posted: 10 January 2007 2008 hrs
SINGAPORE : Patients can soon use up to $450 of their Medisave savings to pay for daily hospitalisation charges.
That is $50 more than the current withdrawal limit of $400.
Also in the pipeline are plans to allow Medisave funds to be used to pay for CT and MRI scans during outpatient treatment.
Health Minister Khaw Boon Wan made the announcements when he was invited to speak at a TV Forum on MediaCorp TV's Channel 8.
Besides increasing withdrawal limits, he said cancer patients can soon use their Medisave to pay for their MRI and CT scans during outpatient treatment.
"Treatment of cancer patients often requires CT or MRI scans by doctors. These cost hundreds of dollars. Medisave can pay for it if patients are in hospital. But most of these scans are outpatient, so I've decided to expand Medisave to cover this," said Minister Khaw.
MediShield policies will also be reviewed so patients pay less upfront.
"For example, if you're in a private hospital and your bill is $5,000. You pay $3,000 upfront and your insurance company takes care of the rest. I've seen some numbers over the past months and I think $3,000 is too high. So there's room to reduce it further to say $2,500. And patients can save $500," said Mr Khaw.
The Health Ministry said MediShield reforms made two years ago saved thousands of dollars for patients with large bills.
The increase in Medisave limits last year also helped many Singaporeans cut down on their medical expenses.
An average Class B1 patient, for example, needs only to fork out cash for 20% of a non-surgical hospital bill, compared to some 30% before the increase.
The Health Ministry said the Medisave and MediShield changes will take place before the end of 2007.
You can find out more about the changes made to Medisave and MediShield by tuning into the programme called "A Future Singapore: Conversation with Minister Khaw Boon Wan" on January 11 at 10.30pm on MediaCorp TV's Channel 8.
There will also be a repeat broadcast next Monday, Jan 15 at 1.30pm on the same channel. - CNA /ls -
Clear the crap from your ears then
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At least ...they give u crumbs ....crummy but still some bread crumbs
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Having Medisave is like having a stupid banker tell you, you can withdraw only $10 bucks a day even if you put in like $500 a month.
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You got that right..Originally posted by Nelstar:Having Medisave is like having a stupid banker tell you, you can withdraw only $10 bucks a day even if you put in like $500 a month. -
You oughta clear crap from your mouth...Originally posted by oxford mushroom:Clear the crap from your ears then -
i agree its total crap.
where in the world do you see people needing approval to use their own hard-earned money? -
Singapore!Originally posted by dragg:i agree its total crap.
where in the world do you see people needing approval to use their own hard-earned money? -
frankly, how many of you know what the hell is Medisave, Medishield, Medi.....
only knows that it deducts your money every month, hospital say cannot claim or can only claim x% also lan lan pay up
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That is why I say it is a BULLCRAP scheme.Originally posted by LinYu:frankly, how many of you know what the hell is Medisave, Medishield, Medi.....
only knows that it deducts your money every month, hospital say cannot claim or can only claim x% also lan lan pay up
I mean, if it is meant to function like some medical insurance, then allow people to to tap on it un-hindered by all these red-tapes and restrictions! After all, its the peoples hard earned cash!
If this is the case, buying your own insurance is way better then banking on Medisave and Media-whatever to cover our ass in a medical situation!
The gov should stop implementing HALF-ASSED policies! All the way provide, or DON'T AT ALL!!!!! What the fark with this half-in-half-out schemes? If our gov so farking Kia-Si, then don't provide any farking welfare at all!!!! -
isnt it obvious?Originally posted by ShutterBug:That is why I say it is a BULLCRAP scheme.
I mean, if it is meant to function like some medical insurance, then allow people to to tap on it un-hindered by all these red-tapes and restrictions! After all, its the peoples hard earned cash!
If this is the case, buying your own insurance is way better then banking on Medisave and Media-whatever to cover our ass in a medical situation!
The gov should stop implementing HALF-ASSED policies! All the way provide, or DON'T AT ALL!!!!! What the fark with this half-in-half-out schemes? If our gov so farking Kia-Si, then don't provide any farking welfare at all!!!!
the purpose of the cpf scheme is to hold on to our money so they can use it for investments. -
Maybe it should be named GovtSave, GovtShield.Originally posted by LinYu:frankly, how many of you know what the hell is Medisave, Medishield, Medi.....
only knows that it deducts your money every month, hospital say cannot claim or can only claim x% also lan lan pay up
Just maybe. -
We should all collectively approach World Human Rights Organisation for help in this regard, since no one single organization or individual can effectively make these changes.Originally posted by dragg:isnt it obvious?
the purpose of the cpf scheme is to hold on to our money so they can use it for investments.
I think we need International intervention or assistance. Our rights are screwed through and through!!! -
What you mean MAYBE?Originally posted by charlize:Maybe it should be named GovtSave, GovtShield.
Just maybe.
It farking likely IS!
I mean WTF, all their policies are self-preserving and self-protecting!
They only care about and worry about their pile of money!!!
FARK THEM ALL!!!
NBCB -
Because too many people cannot be trusted to manage their own financial affairs. You want freedom to use the money? Then you have to exercise responsibility. If you use it all up for your first child birth and have nothing left when that child needs ICU care, we can just dump that child by the roadside to die?Originally posted by ShutterBug:That is why I say it is a BULLCRAP scheme.
I mean, if it is meant to function like some medical insurance, then allow people to to tap on it un-hindered by all these red-tapes and restrictions! After all, its the peoples hard earned cash!
If this is the case, buying your own insurance is way better then banking on Medisave and Media-whatever to cover our ass in a medical situation!
The gov should stop implementing HALF-ASSED policies! All the way provide, or DON'T AT ALL!!!!! What the fark with this half-in-half-out schemes? If our gov so farking Kia-Si, then don't provide any farking welfare at all!!!! -
Your command of street vulgarities is considerable...you have amply demonstrated that...but I don't see how that becomes a marketable skillOriginally posted by ShutterBug:What you mean MAYBE?
It farking likely IS!
I mean WTF, all their policies are self-preserving and self-protecting!
They only care about and worry about their pile of money!!!
FARK THEM ALL!!!
NBCB -
again this is just another excuse.Originally posted by oxford mushroom:Because too many people cannot be trusted to manage their own financial affairs. You want freedom to use the money? Then you have to exercise responsibility. If you use it all up for your first child birth and have nothing left when that child needs ICU care, we can just dump that child by the roadside to die?
people from other countries dont have cpf scheme too. but they survived all right. -
Comparing Britain and Sweden?Originally posted by dragg:again this is just another excuse.
people from other countries dont have cpf scheme too. but they survived all right. -
Health Ministry aims to keep MediShield premium increases at S$10
By Hoe Yeen Nie, Channel NewsAsia | Posted: 21 January 2007 2208 hrs
SINGAPORE: Health Minister Khaw Boon Wan says he hopes to keep MediShield premium increases at about S$10 in order to keep premiums for the national health insurance scheme affordable.
The expected increase in MediShield premiums follows feedback from patients who prefer to pay higher insurance premiums than high deductibles, which is the initial portion of the hospital bill a patient has to pay.
The Health Minister who joined residents at Sembawang Drive for a community event, took the opportunity to reassure Singaporeans that while MediShield premiums will increase sometime this year, the amount of increase will depend on issues like affordability.
Mr Khaw says: "If you want the premiums not too high, so that people can afford, which is also my objective, then your reduction in co-payment may not be as much as you like it to be. But I certainly hope that we can keep it to S$10 increase, as per the last round. So the question really is, with an extra of S$10, how much help can you bring to co-payment?"
Patients now have to pay 40 percent of large hospital bills after MediShield was revamped two years ago.
Minister Khaw says: "My desire has always been to bring it down to 20 percent. Now's 40 percent, so I don't know whether S$10 is sufficient. If $10 is only sufficient to bring it down to 30 percent, 40 to 30 percent is still a worthwhile outcome.
"I think slightly more than $10 is acceptable, but if it's more than S$20, S$30, people will find it hard (to cope)."
Moving on to MediSave, Mr Khaw says that recent changes to the scheme should not become an incentive for Singaporeans to delay treatment of chronic diseases.
The MediSave scheme was liberalised last October to help pay for outpatient treatment for those with chronic diseases, subject to an annual cap of S$300.
These diseases include diabetes, stroke, hypertension and high cholesterol.
"The key intention was to make a point – to please treat it when it is still mild, then your cost is not that high. If you wait until it is too late, with multiple morbidities, even S$3000 isn't enough," says the Health Minister.
The changes to MediShield will be implemented later this year. – CNA/so -
Originally posted by LinYu:
Waluo!!!!!S$10 per month x 1million working adults =S$10 million per monthx12 months=S$120 millions a yr.My God!!! just give a simple excuse to claim that Sporean prefers to pay 10% less co-insurance,these stupid Insurers make extra S$120 million a year!!!!!
[b]Health Ministry aims to keep MediShield premium increases at S$10
By Hoe Yeen Nie, Channel NewsAsia | Posted: 21 January 2007 2208 hrs
SINGAPORE: Health Minister Khaw Boon Wan says he hopes to keep MediShield premium increases at about S$10 in order to keep premiums for the national health insurance scheme affordable.
The expected increase in MediShield premiums follows feedback from patients who prefer to pay higher insurance premiums than high deductibles, which is the initial portion of the hospital bill a patient has to pay.
The Health Minister who joined residents at Sembawang Drive for a community event, took the opportunity to reassure Singaporeans that while MediShield premiums will increase sometime this year, the amount of increase will depend on issues like affordability.
Mr Khaw says: "If you want the premiums not too high, so that people can afford, which is also my objective, then your reduction in co-payment may not be as much as you like it to be. But I certainly hope that we can keep it to S$10 increase, as per the last round. So the question really is, with an extra of S$10, how much help can you bring to co-payment?"
Patients now have to pay 40 percent of large hospital bills after MediShield was revamped two years ago.
Minister Khaw says: "My desire has always been to bring it down to 20 percent. Now's 40 percent, so I don't know whether S$10 is sufficient. If $10 is only sufficient to bring it down to 30 percent, 40 to 30 percent is still a worthwhile outcome.
"I think slightly more than $10 is acceptable, but if it's more than S$20, S$30, people will find it hard (to cope)."
Moving on to MediSave, Mr Khaw says that recent changes to the scheme should not become an incentive for Singaporeans to delay treatment of chronic diseases.
The MediSave scheme was liberalised last October to help pay for outpatient treatment for those with chronic diseases, subject to an annual cap of S$300.
These diseases include diabetes, stroke, hypertension and high cholesterol.
"The key intention was to make a point – to please treat it when it is still mild, then your cost is not that high. If you wait until it is too late, with multiple morbidities, even S$3000 isn't enough," says the Health Minister.
The changes to MediShield will be implemented later this year. – CNA/so
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The co-insurance % will be beneficial to a patient when his hopitalzation and operation cost is more than S$3500 owing to the excess which is applicable.
The average hospital fee etc in Spore is less than S$3000 as reported in the newspaper,hence,no benefit will be gained by the average Sillyporeans when they r hopistalized but who yet hve to pay extra premium for nothing!!!
Very smart SG,we r all very stupid ppls let u play2!!! -
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ST Forum 14 April 2007
RECENTLY, I helped a friend's father and my mother to make ElderShield claims. The irony was that both the claimants died within one year of the start of claims.
How many patients get to live for five years to claim the full $18,000?
The first few months of a patient's inability to perform three or more of six activities of daily living are the most taxing on family members. There is a lot of adjustments to be made by family members and the insured. A payout that works out to $10 a day is hardly sufficient.
The period for claims could be shortened, say, to three years so that a higher monthly payout can be made. If there is a surplus, patients could save the money for future use.
David Mah Chuin Wai -
1 prob with singaporeansOriginally posted by dragg:again this is just another excuse.
people from other countries dont have cpf scheme too. but they survived all right.
SPENDING > SAVING 
esp with this gen -
Originally posted by ShutterBug:
This is a classic case-in-point of criminals at work. This lot makes the mafia look tame, really.
[b]Medisave withdrawal limits for hospital bills to be raised to $450
By Valarie Tan, Channel NewsAsia | Posted: 10 January 2007 2008 hrs
SINGAPORE : Patients can soon use up to $450 of their Medisave savings to pay for daily hospitalisation charges.
That is $50 more than the current withdrawal limit of $400.
Also in the pipeline are plans to allow Medisave funds to be used to pay for CT and MRI scans during outpatient treatment.
Health Minister Khaw Boon Wan made the announcements when he was invited to speak at a TV Forum on MediaCorp TV's Channel 8.
Besides increasing withdrawal limits, he said cancer patients can soon use their Medisave to pay for their MRI and CT scans during outpatient treatment.
"Treatment of cancer patients often requires CT or MRI scans by doctors. These cost hundreds of dollars. Medisave can pay for it if patients are in hospital. But most of these scans are outpatient, so I've decided to expand Medisave to cover this," said Minister Khaw.
MediShield policies will also be reviewed so patients pay less upfront.
"For example, if you're in a private hospital and your bill is $5,000. You pay $3,000 upfront and your insurance company takes care of the rest. I've seen some numbers over the past months and I think $3,000 is too high. So there's room to reduce it further to say $2,500. And patients can save $500," said Mr Khaw.
The Health Ministry said MediShield reforms made two years ago saved thousands of dollars for patients with large bills.
The increase in Medisave limits last year also helped many Singaporeans cut down on their medical expenses.
An average Class B1 patient, for example, needs only to fork out cash for 20% of a non-surgical hospital bill, compared to some 30% before the increase.
The Health Ministry said the Medisave and MediShield changes will take place before the end of 2007.
You can find out more about the changes made to Medisave and MediShield by tuning into the programme called "A Future Singapore: Conversation with Minister Khaw Boon Wan" on January 11 at 10.30pm on MediaCorp TV's Channel 8.
There will also be a repeat broadcast next Monday, Jan 15 at 1.30pm on the same channel. - CNA /ls
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Maybe someone could explain to me the logic and rationale behind the legitimacy for others - legalised criminals - to dictate how one can spend his/her own money... -
at least it pays for my 2 operations recently which costs around $700 each hehe...