What Is Health Insurance Singapore

Health insurance helps you pay for your medical expenses when you fall ill get injured or become disabled.

What is health insurance singapore. Together with allianz global corporate specialty se singapore branch we ve designed international health insurance solutions just for people like you giving you the peace of mind that comes with knowing that your family s healthcare is in safe hands. Healthcare in singapore is supervised by the ministry of health of the singapore government. What you need to know about health insurance in singapore singaporeans and prs are covered by a basic health insurance called the medishield life.

Do you live in singapore or are you moving there. You can boost medishield life with an integrated shield plan ip which gives you the option to get treated in better class wards and private hospitals. Medishield life is a basic health insurance plan that is administered by the central provident fund cpf board to help singaporeans offset some of the hospitalisation costs and certain treatments such as chemotherapy for cancer and dialysis.

This gives you a peace of mind knowing that you can enjoy living in singapore without having to worry about healthcare costs. If so we can make life a little easier for you. It largely consists of a government run universal healthcare system with a significant private healthcare sector.

For citizens and permanent residents prs a mandatory national health insurance plan named medishield subsidises medical fees for specialist treatment and hospital accommodation. The axa smartcare optimum enhanced is one example of a health insurance plan that is able to provide you with the long term healthcare coverage that you need to live in singapore. All singaporeans are covered under medishield life a basic government health plan to cover large medical expenses.

The average cost of international health insurance plan for a 45 year old expat living in singapore is s 3 227. For example a 45 year old female foreigner would pay slightly higher premiums at s 3 263 compared to s 3 191 for a male. What is health insurance.

Healthcare in singapore may rank amongst the best in the world but it comes at a premium price when compared to other countries in southeast asia. Health plans insurance and benefits vary largely and depend typically on your immigration status and the employer.