For those with serious pre-existing conditions, why do they have to pay Additional Premiums? What is the reason for setting it at 30% over 10 years? Would this be too onerous for some?

Question

Accepted Answer

The Additional Premiums apply to the first 10 years of premiums paid by Singapore Citizens and Permanent Residents who newly join the scheme and who have pre-existing conditions.

The Additional Premiums reflect the higher risks of covering these individuals with serious pre-existing conditions while ensuring that premiums remain affordable and are not overly onerous.

For those with serious pre-existing conditions, why do they have to pay Additional Premiums? What is the reason for setting it at 30% over 10 years? Would this be too onerous for some?

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