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Volume 6 · Issue 5 |
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Hello there, 👋 |
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Earlier this week, Ministry of Health announced significant changes to Integrated Shield Plan Riders ("IP Riders"). These updates will impact how much you pay out-of-pocket when hospitalised. In summary, the new IP Riders will
What does this mean to you? If you are an existing IP Rider policyholder before 27 November 2025, you are not affected yet. The insurer will review their approach and inform you in time to come. What if You purchase an IP Rider now? You may continue to enjoy the coverage under the existing terms and conditions. However, you will transit to the new IP Rider by April 2028. Should You cancel your IP Rider now? If you value the coverage from your IP Rider, keep the plan active for now. Let's review again once the insurers provide more information (probably sometime around March next year). What is the cost difference between the existing IP Riders with maximum coverage and the upcoming IP Rider? About 30% on average. What is the difference between your out-of-pocket cost when hospitalised? $6,500. The current IP Rider covers the deductible (up to $3,500) and typically caps the co-payment at $3,000 per policy year. As a result, your maximum out-of-pocket cost is $3,000 per policy year. The new IP Rider does not cover the deductible and caps the co-payment at $6,000 per policy year. As a result, your maximum out-of-pocket cost is $9,500 (being $3,500 + $6,000). Full Breakdown for You To help you understand these changes and what they mean to you, I have put together a comprehensive article that explains:
If you are short on time, or just prefer to watch rather than read, I have also created a quick 5-minute video summarising all these changes. You may find the links to both the article and the video below. 👇 As always, feel free to reply to this email if you would like help reviewing your existing policies. Have a lovely weekend! |
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Cheers, |
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A short 5-minute video explaining the 3 major changes to your Integrated Shield Plan Riders from 1 April 2026, and how they may impact you. |
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Integrated Shield Plan Rider Changes Singapore: What You Need to Know |
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Learn the three major changes to the Integrated Shield Plan Riders that will take place from April 2026. |
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Learn about the integrated shield plan rider and how it helps to reduce your out of pocket expenses for your medical bill. |
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Given that additional cost of insurance premium, we evaluate whether you should buy the rider for an integrated shield plan. |
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You are receiving this newsletter because you have downloaded a tool from my blog or given us permission to send this newsletter to you. I hope you will find the content helpful and valuable, as I strive to create quality insights consistently. However, I understand that there might be times when my content doesn't meet your expectations. Please bear with me as I juggle a full-time career and other responsibilities. If you ever wish to stop receiving our updates, feel free to unsubscribe at any time - no hard feelings at all! |