Effective April 1, 2023, only drugs approved under the Cancer Drug List(a list of clinically proven and more cost-effective cancer treatment) determined by the Ministry of Health will be covered under MediShield Life and Medisave: as a result of spending on cancer drugs rose 20% per year from 2016 to 2019. Another point stated is that more than 90% of Health Sciences Authority-approved cancer treatments are on the CDL.
Patients who own an Integrated Shield Plan will have to refer to your Insurers on how your Plan will be impacted.
AIA HealthShield Gold Max Policyholders with have the addition, on an opt-out basis, of a Cancer Care Booster Rider for A, and benefits embedded for B.
This comes at an extra cost but will provide existing policyholders who are undergoing cancer treatment more insulation against the high medical expenses incurred!
Even Health Minister, Minister Ong Ye Kung, is encouraging all to take up the Rider with thie Integrated Shield Plans!
Complement your Integrated Shield Plan coverage with appropriate Critical Illness Coverage to provide cash for Cancer Treatment.
Refer to the communication pack sent by AIA or reach out to your Financial Services Consultant for more information! If you are not being serviced by any FSC, feel free to reach out to me.
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