How is the Government helping me to cope with the MediShield Life premium increase?
To help Singaporeans manage the premium increases, the Government will provide an additional $4.1 billion in premium support measures, comprising $3.4 billion in MediSave top-ups and $0.7 billion in premium subsidies over the next three years.
In addition, the total premium increase is capped at 35% and the increases will be phased evenly from April 2025 to March 2028. You can refer to the MediShield Life Information Booklet for more information on MediShield Life premiums, Government subsidies and support.
Additional Premium Support is available for Singaporeans who are unable to afford their MediShield Life premiums after premium subsidies and have limited family support. The Government will expand the eligibility criteria to cover more lower-income Singaporeans. No one will be denied coverage due to an inability to pay their premiums.
Please refer to press release for more details of the MediShield Life 2024 Review premium support measures.
This information is sourced from CPF
Need more help?
Get in touch