Who Should Buy Medical Insurance in Singapore?
The citizens and permanent residents of Singapore are already covered by the government-provided Medishield health insurance. This is a compulsory medical insurance Singapore scheme that pays for treatment at public hospitals. If you wish to get treatment at a private hospital or want a better ward then, you need to take the Integrated Shield Plan. This plan allows you a wider coverage which includes better hospital rooms and private hospital treatments. Apart from this basic insurance provided by the government, there are many private health insurance companies in Singapore. You should consider some things while buying insurance. The first thing that you should remember is that the law of Singapore does not allow any insurance provider to cover 100% of the medical treatment bills even if the patient has been hospitalised. When you get yourself insured through a private insurance provider then you need to pay a lump sum amount towards the expense of your treatment. This p...