Young with Health Concerns
Address health challenges while securing your financial well-being
In Singapore, all citizens are eligible to apply for the Community Health Assist Scheme (CHAS), which offers subsidized treatment for chronic conditions such as diabetes, high blood pressure, and high cholesterol. This includes the green CHAS card, designed to support higher-income Singaporeans with chronic health needs.
Learn more about managing chronic conditions through CHAS here.
Additionally, the Chronic Disease Management Programme allows patients to use their MediSave for up to $500 annually ($700 for complex cases) to offset outpatient chronic disease bills, reducing out-of-pocket expenses. A 15% co-payment applies to each claim.
Discover more about MediSave’s role in chronic disease management here.
For Hospitalisation & Surgical (H&S), MediShield Life has coverage for some pre-existing conditions.
Learn more about insurance applications for people with health conditions:
Read about the 5 insurance application outcomes here.
Read about getting insured with a pre-existing illness here.
In some cases, premium loading or exclusion will be imposed on your plans due to your pre-existing health conditions, but you can at least still get coverage for other conditions. In a nutshell, don’t give up on getting insurance coverage.
Click below to see what kind of insurance package suits your lifestage.
An LPA is a legal document, which allows a person who is at least 21 years of age, to voluntarily appoint one or more persons to make decisions and act on his/her behalf if he/she loses mental capacity one day.
The decisions range in 2 broad areas of personal welfare and/or property & affairs matters.
Click below to go to MSF website to read more about LPA and how you can make one yourself.
Optional Steps
Advance Care Planning (ACP) ensures that if you’re ever unable to make decisions or speak for yourself, your chosen decision-makers have clear guidance to act in your best interests according to your wishes.
It helps you to discuss and document matters related to your healthcare. It is a broad plan that may include extent of treatment, pain control options, and what to do should your heart suddenly stop.
Click below to learn more about ACP at the Agency for Integrated Care (AIC)
ACP is particularly important for people who have a chronic illness, an early cognitive impairment, frail, or are approaching the end of life.
In event of your untimely demise, the distribution of your assets will be determined by Singapore’s intestacy laws. This means that your estate may not be distributed according to your wishes.
Writing a will ensures that your wishes are clearly stated and provides protection for your loved ones.
Estate planning organizes your assets for distribution after death, while end-of-life planning covers managing your affairs if you become incapacitated.
Why It’s Important:
Without a plan, your estate may be distributed according to Singapore’s intestacy laws, which may not align with your wishes, especially for non-traditional relationships or special needs dependents.
Legal Tools to Simplify Matters:
Having a Will and CPF nominations can prevent delays, reduce legal costs, and allow you to designate guardians for minor children.
Reducing Stress for Loved Ones:
Planning in advance lessens the administrative burden and uncertainty for your family during a difficult time.
To learn more about managing your estate and end-of-life arrangements, have a read at our Ebook.
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