Latest news from one of our affiliates, just in today:

The Ministry of Health (MOH) had announced that from December 2008, there will be benefits and premiums adjustment to Medishield.

As Incomeshield is a medisave-approved integrated shield plan, changes on Medishield will have a direct impact on Incomeshield. NTUC Income will be introducing changes in benefits and premiums accordingly from 1 Jan 2009 and we would like update you of the following changes.

These changes will be effective 1 Jan 2009 (applicable to proposal submitted on and after 16th November 2008). However Enhanced Preferred Plan, Advantage Plan & Riders will not be affected and do not have any changes.

For any new applications submitted by 15th November, we will process them under the old rates.

We will also be uploading the new revised proposal forms & brochures to our website on the 16th November.

It’s a matter of time when the rest of the competiting Private MediShield plans will follow suite, such as Aviva MyShield, GE SupremeHealth, etc.. In my experience, a newer insurance product is not necessarily a better one. If you’ve been thinking for sometime already about beefing up your MediShield plan, you’ll get a better value if you act before the change.