Overview of Healthcare Environment and Financing in Singapore & MAS Notice 120

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Programme Highlights

This course is suitable for all life and general insurance intermediaries and company staff members who are involved in any Health Insurance products including: Medical Expense Insurance, Disability Income Insurance, Long-Term Care Insurance, Critical Illness Insurance and Managed Healthcare Insurance.

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For Whom

For new or existing insurance professionals who wish to know more about Health Insurance relating to the Overview of Healthcare Environment and Financing in Singapore & MAS 120.

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Course Outline

• Overview of Healthcare Environment in Singapore
• Healthcare Financing
• Notice No: MAS 120

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Learning Outcomes

At the end of the course, the participants should be able to:

• understand the Singapore Government’s healthcare philosophy
• know the key goals of the Healthcare 2020 Masterplan
• understand the differences between primary healthcare services, hospital services, and Intermediate and Long-Term Care services
• know the other healthcare services provided – dental, traditional chinese medicine and support services understand Singapore’s healthcare financing philosophy
• describe the Singapore Government subsidies available
• describe the healthcare financing schemes:
  
  • Community Health Assist Scheme (CHAS)
  • MediSave
  • MediShield Life
  • Integrated Shield Plans
  • ElderShield & ElderShield Supplements
  • CareShield Life & CareShield Life Supplements

• outline how MediSave can be used to meet a CPF member’s healthcare needs and buy approved Medical Expense Insurance
• explain the shift from MediShield to MediShield Life
• describe the enhanced benefits under MediShield Life
• describe how MediShield Life premiums are kept affordable
• explain how MediShield Life interacts with Integrated Shield Pl ans
• know the claims process of MediShield Life, Integrated Shield Plans, other Medical Expense Insurance and MediSave
• describe how ElderShield and ElderShield Supplements work
• explain the shift from ElderShield to CareShield Life
• describe the enhanced benefits under CareShield Life
• describe other healthcare financing schemes set up by the Singapore Government:
  
  • Pioneer Generation Package
  • Merdeka Generation Package
  • Interim Disability Assistance Programme for the Elderly (IDAPE)
  • ElderFund
  • MediFund
  • COVID-19 Medical Bills paid by the Singapore Government

• understand the objective of Notice No: MAS 120
• know the types of products covered by this Notice and their definitions
• understand and explain the mandatory requirements for:
  
  
  • the disclosure requirements for sales of:
    
    • A&H policies
    • life policies that contain A&H benefits
  • the advisory process requirements in respect of:
    
    • know-your-client
    • needs analysis
    • documentation and record keeping
    • switching
  • the additional disclosure requirements being adhered to by direct insurers

• know about the non-mandatory best practice standards on information disclosure, provision of

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A Certificate of Completion will be sent to your registered e-mail address within 5 working days, upon successful completion of the course. Candidate must also answer at least 75% of the questions correctly.

Online learning programmes are NOT ELIGIBLE for refund and cancellation once payment has been made.
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Duration: 4 hours

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Date(s): Access provided for 1 month from confirmation of payment receipt.

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Time: N.A

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Venue: SCI Online Global Classroom

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CPD Hours: 4 CPD hours

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Closing Date: Registration will close once all available places have been filled.


Course Fee: S$261.60 (Inclusive of prevailing GST rate)