Singapore legislation
Regulation 9
Regulation 9
Premium loading
Subregulation 1
Subject to paragraphs (4) and (5), if the Board is satisfied that the insured person satisfies such criteria, relating to health or other matters, as the Minister may determine, premium loading is payable as premium —
unless sub-paragraph (b) applies, for the first 10 insurance periods of the insured person’s MediShield Life cover; or
if the insured person’s MediShield Life cover replaced the insured person’s pre-existing MediShield cover under regulation 20(1)(a), for 10 consecutive insurance periods starting with the insurance period that commences immediately after the end of the first insurance period of the person’s MediShield Life cover.
Subregulation 2
If the Board first discovers, after the start of the first 10 insurance periods referred to in paragraph (1)(a) or the 10 consecutive insurance periods referred to in paragraph (1)(b) (as the case may be), that the criteria for premium loading mentioned in paragraph (1) were satisfied, then —
premium loading is payable as premium for the next 10 insurance periods starting on or after the date when the Board made that discovery; or
if the Board approves an application by the insured person to apply premium loading to the insurance periods under paragraph (1)(a) or (b) (as the case may be) instead, premium loading is payable in accordance with paragraph (4).
Subregulation 3
The amount of premium loading payable in respect of each insurance period of the insured person’s MediShield Life cover under paragraph (1) or (2) is 30% of the standard premium specified on the website at https://www.moh.gov.sg applicable to the insured person for the insurance period for which the premium loading is payable.
Subregulation 4
Where, under paragraph (2)(b), premium loading is applied to any insurance period for which the premiums have already been paid —
the amount of premium loading for that insurance period is due and payable to the Board at such times and in such manner as the Board may require; and
the Board may, in accordance with regulation 10, deduct the whole or part of that amount from the medisave account of the CPF member who paid the insured person’s premium for that insurance period.
Subregulation 5
Despite paragraphs (1) and (2), premium loading is payable as premium for a shorter period, as the Board may determine, if the Board is satisfied that the insured person meets such criteria, relating to health or other matters, as the Minister determines justifies a shorter period of premium loading.
Subregulation 6
The criteria for premium loading mentioned in paragraph (1) includes the following:
the insured person was suffering from a pre‑existing medical condition;
where the insured person’s MediShield Life cover commences on the person’s date of birth under regulation 4(1A), the insured person would have been regarded as having a pre-existing medical condition had the MediShield Life cover instead commenced on the date the insured person became a citizen or permanent resident of Singapore.