The Ministry of Health (MOH) announced that MediShield Life (MSHL) and MediSave (MSV) will only cover outpatient cancer treatments on the Cancer Drug List (CDL). The introduction of CDL will also apply to all Integrated Shield Plans (IP), including AIA HealthShield Gold Max. These changes will keep cancer treatment and insurance premiums affordable in the longer term.
Revised Coverage for Cancer Drug Treatments
When will the changes take effect?
- Changes to MSHL and MSV took effect from 1 September 2022
- Changes to IP, including AIA HealthShield Gold Max will take effect from 1 April 2023, upon policy purchase or renewal.
For more information on the changes announced by MOH, you may refer to the following articles:
Key Changes
1. Revised coverage for cancer drug treatments
Only cancer drug treatments under MOH's CDL, up to the treatment-specific claim limits, will be claimable under your AIA HealthShield Gold Max policy. Selected cancer drug treatments beyond the CDL will be claimable up to a certain limit under your rider.
2. Transitional support for patients undergoing cancer treatment
Customers on a course of cancer drug treatment as of 31 March 2023* and whose policies are renewing between 1 April 2023 and 30 September 2023 will continue to receive their current coverage until 30 September 2023. Thereafter, the benefit changes will apply.
Customers whose policy renewals are between 1 October 2023 and 31 March 2024 will see no change to their IP coverage until policy renewal.
* Where at least one IP claim is made for an outpatient or inpatient cancer drug treatment administered between 1 January 2023 and 31 March 2023
* Where at least one IP claim is made for an outpatient or inpatient cancer drug treatment administered between 1 January 2023 and 31 March 2023
3. No increase in IP premium rates for 2 years
To better support you through these changes, the premium rates^ of your AIA HealthShield Gold Max plan will not increase from 2 September 2022 to 31 August 2024. This does not apply to premiums of IP riders, including riders with existing claims-based pricing features.
^Premium increases will continue to apply when GST rates are revised in the future and when you move to higher age bands. Premium increases announced prior to 2 September 2022 will also continue until this cycle of premium increase is complete.
Have a question?
You may find the answer in our Frequently-Asked Questions (FAQs).
Important notes
- This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
- This advertisement has not been reviewed by the Monetary Authority of Singapore.
- The information is correct as at 12 December 2022.