SINGAPORE: A "small and distinct group" of overseas Singaporeans will no longer have to pay premiums for MediShield Life (MSHL) - the Government's universal health insurance scheme -, the Ministry of Health (MOH) announced on Friday (Sep 30).
In a press release, MOH said it has accepted the MediShield Life Council's recommendations that while overseas Singaporeans will remain covered under MSHL, eligible overseas Singaporeans who live abroad permanently with no intention to reside in Singapore will be granted suspensions on their premium collections.
This will be done "while ensuring an equitable balance vis-à-vis locally-based Singaporeans," the Health Ministry added.
Should the overseas Singaporeans choose to relocate back to Singapore or no longer meet the eligibility criteria for suspension of premium collection, they will have to pay the accumulated sum of premiums not paid previously, with compound interest, MOH said.
Also, overseas Singaporeans who seek medical treatment in Singapore during the suspension of the MSHL premium collection (e.g. while visiting), can still choose to claim and benefit from MSHL payouts. Once they do so, suspension of MSHL premium collection will cease and they will have to pay the full sum of the premiums not paid previously, with compound interest as well.