What Is the Right Age to Buy Health Care Insurance in Singapore?

Singapore is a large bustling metropolis and this city state is well-known for its enviable healthcare system. There are both public and private healthcare institutions that provide the latest in medical treatment to the citizens, permanent residents and even foreigners living or visiting Singapore. However, apart from the basic hospitalisation at the public hospital’s healthcare services can be really expensive, which is why you need to buy health care insurance in this city state.

Now the question arises – What is the right age to buy health insurance? And the answer is simple – right from birth. Yes this is true, even kids fall ill and if you want the best treatment for them in comfort, you will have to ensure that your kids too are covered under your health care plan. The good news is that in Singapore, you can buy health insurance for your family under one plan. This saves you money spent on individual policy premiums and also covers your kids.

You may not want to think that your kids can be faced with a difficult or even life-threatening ailment. If you think practically then you should consider these circumstances before you buy insurance cover for any health problems that need hospitalisation. Of course, health insurance for basic hospital treatments is compulsory in Singapore and is provided by the company for a relatively low premium.

However, if you want the best facilities in private hospitals or more comfortable wards in public hospitals, you need to buy riders from private insurance providers by paying an extra premium. The best part about the health care insurance companies in Singapore is that there is tough competition amongst them and due to this they provide insurance at a reasonable price. Hence you should buy insurance for the family. If your employer is insuring you, you should get a cover for the remaining family members regardless of age.