Medishield covers upto age 85

About 70% of respondents to my survey indicated that they prefer to be insured under Medishield after the retire from work. The premium is lower (about one-third of a Private Shield) and the co-payment is also lower. They have to used the subsidized wards (B2 and C).

The remaining 30% indicate that they will opt for Private Shield. The key result cited is that Medishield stops at age 85 and Private Shield can be continued beyond age 85. In my view, this is not necessary to worry about this feature because:

• It is likely that Medishield will be extended beyond age 85 at a future date
• Even if Medishield is not available beyond age 85, there is no need for an elderly person beyond age 85 to spend a lot of money for treating a serious illness, as the chance of successful recovery is very low.

It is better to spend the money for a better quality of life at a younger age.