Medical Statistics In Singapore

Why you need a Critical Illness Plan, a good comprehensive Hospital & Surgical Plan and a good comprehensive Personal Accident Plan

3 Major Reasons :

1. Top 10 Conditions For Hospitalisation

( source MOH )

9 out 10 or 90% of the time was due to Major Illnesses. And over the years, more and more people have been hospitalised due to major ilnesses.

The top reason for hospitalisation though was due to accidents. So having a personal accident plan will come in handy.

2. Principal Causes Of Death

Again , from the MOH website shows that, 9 of 10 major causes of death in Sinagpore were due to major illnesses. Having a major illness plan is crucial in your financial plans.

3. Means Testing :

Means Testing at Restructured Hospitals  

Last updated 1 Apr 2008 ( source MOH website ) 

Minister Khaw Boon Wan has announced the means testing framework in Parliament on 3 Mar 2008. The details are:  

Patients whose income is $3,200 and below would receive full subsidy (65% for Class B2 and 80% for Class C)

Patients whose income is $5,201 and above would receive 50% subsidy for Class B2 and 65% subsidy for Class C

Patients whose income falls between $3,201 and $5,200 would receive graduated subsidies between 50-65% for Class B2 and between 65-80% for Class C.

Monthly income is defined as average monthly wage based on last available 12-month data

Patients who are economically inactive will receive full subsidy (65% for Class B2 and 80%

for Class C) unless they live in property with Annual Value exceeding $11,000.

The latter will receive subsidy at 50% (B2) or 65% (C)

Subsidy for Permanent Residents will be 10%-points less than citizens of equivalent

income level  

The implementation date at all public hospitals would be on January 2009.

Which means, from Jan 2009 onwards those earning $3200 and above, can expect to pay more from your pockets if you or your family members are hospitalised.

The only way to mitigate this is by buying a private shield plan.