Rahayu Mahzam on mitigating rising costs for Integrated Shield Plan premiums
Integrated Shield Plan (IP) insurers review the premiums of IPs and riders every year. Across a three-year period from December 2021 to December 2024, private hospital IP premiums have been rising every year at an average of 8.6 per cent, while private hospital rider premiums have been rising every year at an average of 17.2 per cent. Some private hospital IP and rider plans were recently repriced. However, with the launch of the new riders, policyholders can save on average 35 per cent to 40 per cent premiums by switching to the new riders. Minister of State for Health Rahayu Mahzam gave this update in reply to MPs’ questions in parliament on Wednesday (May 6).
Integrated Shield Plan (IP) insurers review the premiums of IPs and riders every year. Across a three-year period from December 2021 to December 2024, private hospital IP premiums have been rising every year at an average of 8.6 per cent, while private hospital rider premiums have been rising every year at an average of 17.2 per cent. Some private hospital IP and rider plans were recently repriced. However, with the launch of the new riders, policyholders can save on average 35 per cent to 40 per cent premiums by switching to the new riders. Minister of State for Health Rahayu Mahzam gave this update in reply to MPs’ questions in parliament on Wednesday (May 6).
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