H&S Lifetime Coverage Premiums

H&S Lifetime Coverage Premiums

Annual premium for a youth to cover H&S for life.  They have to pay annually for life coverage.   Premium increases with age).


So, if their Medisave Account has $12,000, their Annual Premium deducted from their Medisave will be paid by the 4% Medisave Account.

With $12,000 in CPF-MA, it will earn $480 p.a. interest.
$12,000 * 0.04 = $480.

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The other 2 default cost deducted by G are lifetime premiums for MedishieldLife and CareshieldLife coverage.

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1. CareshieldLife will commence when the youth reaches age 29. Premium is still reasonable low at $200~300 p.a. rising with age.  This is to protect 3ADL of 6 (Activity of Disability Living) payout.

https://www.greateasternlife.com/sg/en/personal-insurance/our-products/health-insurance/great-careshield/6-activities-of-daily-living.html

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2. Medishieldlife premium start as early as age 1.

https://www.moh.gov.sg/healthcare-schemes-subsidies/medishield-life/medishield-life-premiums-and-subsidies/premium-subsidy-tables

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