What you need to know about medical insurance in Singapore
Singapore is well known for its enviable public health care system. In fact, all citizens and permanent residents of this country are provided with compulsory health insurance in the form of MediShield Life. This policy covers the basic treatment in a general ward in public hospitals. There is also a MediSave savings account which complements the MediShield plan. However, the claim limit in both these insurance systems may not cover all your requirements. Hence if you want complete coverage of all your hospital bills and outpatient treatments then you will have to opt for private medical insurance companies. Here you should bear in mind that you need to pay premiums, deductibles, co-insurance, and any cost above the claim limit. This applies to both the government and private medical insurance systems. Hence you should bear in mind that you should get the right amount of sum assured in case you need to make a claim. For this, you should consult a good insurance advisor empl...