The cost of living in Singapore is becoming more and more expensive now.The monthly utility bill -SP Power (electricity,water & gas)for a 4 room HDB apartment used to be about s$200.Recently, it have been increased to $300 plus.Probably the next increase will be the transport fares..
Medical cost in Singapore are also going up. It is very tough for the low income families especially when they have a prolong sickness.Most Singaporeans are insured under the Medishield or Private Shield plans (Health insurance plans).However, the premium rates of the plans depends a lot on the client’s age.The costs is lower at the younger age but increases sharply once you reach the age of 50.
Consumers have the choice of insuring under the basic MediShield plan or to buy a more expensive Private Shield plan.The Private Shield plan have a larger deductible amount but he has to pay a larger amount of the hospital bill and a higher premium.There is no need to buy a more expensive plan if the patient is willing to be treated in a subsidised ward and insured for basic Medishield.
Last week ,my daughter was warded to a hospital because she complained of stomach pain.She have been having stomach flu since the beginning of the month.
She was warded in a private hospital because she needed to go through more intensive checks to find out the root cause of her stomach ache.She was diagnosed to have been infected with Helicobacter pylori. (a type of bacteria that entered the body and lived in the digestive tract.
The cost of staying in a private hospital is $2000 per night (exclude medicine and Doctor’s consultations). Thank God that her hospital bill is covered under by her insurance plan.