By the end of the course, participants will be able to:

• Apply official MOH terminology (e.g., co-payment, deductible, pro-ration) to explain the new out-of-pocket limits ($3,500 deductible and $6,000 co-payment cap).
• Understand the transition timeline for new IP Riders.
• Understand the impact of new IP Riders (trade-off between premium savings and additional cost outlay when one is hospitalised or require surgery).
• Guide clients in reviewing their IP and IP rider.

New IP Rider Design w.e.f. 1 April 2026

• MOH press release.

Cost Management Measures – Timeline and History

• 2018 – introduction of mandatory 5% co-payment, panel doctors and pre-authorisation.
• 2023 – implementation of Cancer Drug List.
• 2025 – announced removing the coverage of minimum deductible and increasing co-payment cap from $3,000 to $6,000 for IP Rider wef 1 April 2026.

Case Examples

• Existing IP Rider vs New IP Rider.
• Does it make sense for existing IP policyholder without IP Rider to add the new IP Rider?
• Policyholder age over 80.

Roadmap to Review Clients’ IP and IP Riders

• Preferred hospital type, ward, proximity to hospital, financial consideration and understanding operational constraints of public hospitals (ST article, 13 Jan 2025).
• Premium savings from downgrading IP, IP Rider or both.
• Why downgrading now allows one to lock in lower co-payment and provides more options than waiting for new IP Rider design.

Discussion on Insurers’ IP Riders

Hue Chye is an Associate Director at IPP Financial Advisers. A lifetime member of IPP Chairman’s RoundTable - having qualified for the award thirteen times in her financial planning career — she is skilled in constructing and mapping clients’ retirement cashflow, addressing inflation and longevity risks.Hue Chye provides comprehensive financial advice spanning wealth protection, investment portfolio construction, CPF and SRS planning as well as estate planning. She is a Certified Financial Planner™ and CFA charterholder.

Full Course Fee: S$294.30 (incl. of 9% GST)