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Healthcare Financing (3Ms (Medisave (Criteria (Singapore citizen and PRs…

- - - - 1) Common illnesses like cold, cough, fever. 2) Selected dental services like dentures, root canal treatment & crowning. 3)Recommended health screening under Health Promotion Board. 4) Chronic conditions.
  - - - Singapore citizen aged 65 years and above in 2014 & Obtained citizenship by 31 December 1986.
- - - - Singapore citizen and PRs when starting to work
  - - - Covers
        
        Designed to cover your large hospital bills in Class B2/C wards in public hospital, hospitalization, chronic illness treatment, inpatient & outpatient treatment, day surgery, expensive and prolonged treatment such as kidney dialysis and chemotherapy. You can use Medisave to pay for your premiums.
      - Criteria
        
        Singaporean/Permanent Resident. Protection for all Singapore Citizens & PRs
      - Features
        
        1) Deductible -The initial amount an insured member needs to pay for claims before any payout from Medishield Life. To avoid first-dollar coverage & help MediShield target only large bills.
        2) Co-insurance - Percentage of the claim that an insured member needs to pay.
        3) Claim limits. The annual claim limit is $100,000. Eg: daily ward limit, policy year limit, lifetime limit, to address excessive claims.
      - Purpose
        
        A basic health insurance plan that helps patients to cope with large hospital bills & selected costly outpatient treatment.
      - Offers
        
        Better protection & higher payout so that patients pay less cash/Medisave for large hospitalization bills. Protection for life for all Singapore Citizens & PRs, including the very old & those who have pre-existing conditions.
      - Elements/Philosophy
        
        Covering ill patients throughout their lives by taking advantage of risk pooling. Setting limits on payouts (expenses) & require co-payment (coinsurance) to avoid over-consumption. Affordable premiums, due to non-profit scheme and for self-sustaining. Co-payment & deductibles is paid using cash or Medisave.
      - Benefits
        
        Higher claim limits, lower co-payment rates, Medishield Life pays more & patients pay less
  - - - Singaporean
- - - - Activities of daily living- You must need help with at least 3 out of 6 activities of daily living.These include bathing, dressing, feeding, toileting, mobility, transferring.