Medishield Coverage for Newborns?
In this series, financial adviser Ms Phylise Er Jia Li answers some of the common questions first-time parents have regarding insurance plans and policies.
Q: Is there Medishield coverage for newborns?
A: Since 1 December 2007, all newborn Singaporeans and Permanent Residents (PRs) will be offered MediShield coverage on an opt-out basis.
Source: News Release by: MINISTRY OF HEALTH
28 OCTOBER 2007 – mycpf.cpf.gov.sg/CPF/News/News-Release/N_28Oct2007.htm
Medishield offers basic protection which may not be sufficient to address the high medical costs associated with major illnesses or accidents. Private “as charge” shield plans help to expand your basic MediShield coverage. Consult your financial adviser representative. He/she will be able to make the recommendations based on your preference, objective and financial situation.
This commentary expresses the views of Ms Phylise Er Jia Li, a financial adviser representative from AXA Life Insurance Singapore Pte Ltd. It is not made with regard to any investment objectives, financial situation or particular needs of any person. Before making an investment decision, you should speak to a financial adviser representative and/or professional services adviser to consider whether this information is appropriate to your needs, objectives and circumstances.