When you fall sick, what’s the first thing you do? Complain about how expensive healthcare is in Singapore? Well, after doing that, the next thing you should do is to see how MediShield Life can help you. But what the heck is MediShield Life anyway? How do you benefit from it? And why do you need it when part of your CPF contributions already have to go into your Medisave account? These questions and more will be answered right here. What on earth is MediShield Life? Have you ever been told that you’ll go bankrupt if you fall seriously ill and don’t have medical insurance? Well, guess what, even if you’ve never spoken to an insurance agent or purchased a single insurance policy in your life, you actually are covered by medical insurance, and that’s MediShield Life. MediShield Life is a basic medical insurance plan which all Singaporeans and PRs are automatically enrolled in. It works in the same way as other types of health insurance. Basically, you can make a claim ... » Learn More about CPF MediShield Life in Singapore: Everything you need to understand & use it
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Intimidated by all the acronyms, government schemes and ridiculous jargon surrounding health insurance in Singapore? Yeah, us too. That’s why we did the research to give you a crash course on the basics of health insurance in Singapore: how it works, why you might need it, and what options there are. Health insurance in Singapore — the TL;DR version If you don’t have time to read, here’s a very compressed version of this article: All Singaporeans and PRs get basic health insurance (MediShield Life) which covers basic public hospital treatments. You can boost MediShield Life with an Integrated Shield Plan (IP), which covers you in better class wards and private hospitals, plus covers your pre- and post-hospitalisation treatment. BUT no matter what health insurance you have, you need to pay some money (cash or Medisave) before you can claim the rest. You can add on a “rider” to your Integrated Shield plan which helps lower those upfront costs to 5per cent of your ... » Learn More about Health insurance in Singapore: Everything you need to know to survive
All Singaporeans are covered by MediShield Life for the most basic of medical coverage. But on top of MediShield Life, an estimated two-thirds of Singaporeans are also paying for an integrated shield plan (IP) from one of 7 private insurers: AIA Healthshield Gold Max Aviva MyShield AXA Shield Great Eastern Supreme Health NTUC IncomeShield Prudential PruShield Raffles Shield Each insurer offers a few options for their integrated shield plans, which means Singaporeans looking for an IP will have over 25 options to choose from. That sounds daunting, but making your decision is actually easier than it seems. You only need to have a faint idea of what level of coverage you want, and the rest of it is mainly just crunching numbers. Easier than deciding which bubble tea you want at KOI. Ready to compare the heck out of Integrated Shield plans? Let’s go. Step 1: Know the limits of MediShield Life We’ve established that all Singaporeans are covered with health ... » Learn More about With so many Integrated Shield Plans available, how do you decide which to choose?
Fresh university graduates have been reported to earn a higher starting pay as compared to their seniors, ranging from $4,000 to $5,000 a month in business and computing areas. The median salary of a Singaporean is $4.534, what about the salary that you should be getting and what your peers are getting? TL;DR – Which university graduates hold the highest salary on average for each faculty Do note that we are using the basic salary for the calculation. Basic salary refers to only full-time permanently employed graduates. It comprises of the pay before deduction of employee’s CPF contributions and personal income tax. Income such as Employer’s CPF contributions, bonuses, stock options, overtime payments, commissions, fixed allowances, other regular cash payments, lump-sum payments, and payments-in-kind are all excluded. An important thing to take note of is that this guide is not a super exact be-all and end-all of what kind of salary a fresh graduate should get. But, it ... » Learn More about The ultimate guide: Starting salary for fresh university graduates 2021 edition