By October, at least 365,000 residents in Singapore will be entitled to more healthcare subsidies.
This means that more people will qualify for the healthcare subsidies put in place. Many residents who are already paying less for healthcare will get the additional help they need.
Each person in a household earning between $100 and $300 per month will still qualify to ensure that healthcare is affordable.
Singapore has one of the best healthcare systems in the world and its economy still manages to spend a lot less on healthcare compared to countries like the UK, France, Australia and the US.
A family with a monthly income of $1,200 qualify for up to 50 of subsidies off their premium.
A new group that now qualify for subsidies are families with an income above $2,600 to $2,800. This translates to a total of $11,200 for a family of four. They will be eligible for subsidies between 15-40%, depending on age and house type.
Seniors aged 60 and over will also benefit from the new subsidies. When the Seniors’ Mobility and Enabling Fund is raised to $2,000, over 60’s can get up to 90% of subsidies. This includes wheelchairs, pressure relief mattresses, hearing aids and glasses.
The country has a high rate of diabetes and kidney failure, with 7,000 people on dialysis, which means that subsidies will also rise for the patients which will depend on household income.
Changes will not be made or affect people from households with no income.
With a population of over five million, around two million residents in Singapore are receiving subsidies for at least one healthcare scheme or service.
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