Premiums for Integrated Shield Plans to remain unchanged for next two years

Premium rates for Integrated Shield Plans to remain unchanged for next two years

SINGAPORE - As part of measures to ensure the affordability of cancer treatments following the introduction of the Cancer Drug List on Thursday, premiums for Integrated Shield Plans will remain unchanged for the next two years.

Insurers will monitor claims and adjust premiums only from September 2024, if necessary, to ensure the continued feasibility of offering IPs here, the association added. Insurers will use these classifications to decide which treatments not on the list will be covered within their riders, the association said.

He added that the cost of more expensive drugs that are not on the list will not be passed on to other policyholders who are not receiving them.'I thought I couldn't go through any more of it': Cancer patient gets help after insurer says 'no'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

straits_times /  🏆 5. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New measures show resolve to stem workplace deaths, but they should be made to stickSINGAPORE - Extraordinary measures. Read more at straitstimes.com.
Read more »

Morning Briefing: Top stories from The Straits Times on Sept 2Read more at straitstimes.com.
Read more »

Subscriber Picks: Are fixed deposits a good bet? | What triggered Schooling's drug confessionRead more at straitstimes.com.
Read more »

Morning Briefing: Top stories from The Straits Times on Sept 1Read more at straitstimes.com.
Read more »

A prince's Jaguar E-Type could help revolutionise taking out the trashDavid Beckham-backed company working to roll out electric-powered garbage trucks. Read more at straitstimes.com.
Read more »