Best Health Insurance Company- Raffles Health Insurance

  Understanding health insurance in a new country can be challenging, especially for foreigners who might not be familiar with local systems and regulations. The "Guide to Health Insurance in Singapore for Foreigners" is specifically designed to simplify this process, offering a comprehensive overview of health insurance options available in Singapore for the expatriate community. Key Features: Introduction to Singapore's Healthcare System: An overview of the healthcare system in Singapore, including public and private healthcare sectors, and how they operate. Types of Health Insurance Plans Available: An exploration of different health insurance plans suitable for foreigners, including Integrated Shield Plans, international health insurance, and employer-provided insurance. Choosing the Right Plan: Guidance on selecting a health insurance plan that aligns with your needs, budget, and duration of stay in Singapore. This includes factors to consider such as coverag...

  There are a lot of government schemes and unintelligible jargon prevalent in Singapore. Due to this, a layman may tend to get confused when looking for proper hospitalisation insurance plans in this city-state. This is the reason that before you go ahead and buy an insurance plan, you should conduct some research online or consult a few good insurance advisors. ·          Singapore government provides MediShield Life health insurance that covers basic public hospital treatments. This insurance is given to all Singapore citizens and PRs. ·          You can boost this basic insurance plan with the help of an Integrated Shield Plan which covers treatment in better-class wards and even some private hospitals. It also covers pre- and post-hospitalisation treatment. ·          Then there are the private insurance providers who will cover every kind of hospital...

  There is hardly anyone across the cities of the world who has not at least heard about hospitalisation insurance. Singapore is an advanced and fast growing economy and the cost of getting treatment in private hospitals is quite high. Although the government covers its citizens and permanent residents with basic insurance, but that is only for the public hospitals. On the other hand, if you want to be treated in comfort at a private hospital, then you will have to opt for a better hospitalisation insurance cover. Such a cover is available with the good private insurance companies in Singapore. These companies provide the facility of cashless hospitalisation for their insured clients. These companies are very professional and they do not create a hassle while settling the hospitalisation claim. They also provide health cover before and after the hospitalisation is over. You can claim the cost of the treatment, whether surgical or otherwise and the medications take before, dur...

  Health has always been considered the real wealth for living beings. And with the ongoing pandemic in various parts of the world, people who used to take it for granted have also started prioritising their health. But taking care of oneself when one is not keeping well is different from taking care of one's health from a financial perspective for the coming uncertain future. Here is when medical insurance plans come into the scenario.   Medical insurance plans are a type of health coverage for future use by investing in the present. Medical insurance plans are an investment rather than an expense because the benefits which these provide in the future when the individual requires financial help are unmeasurable. Medical insurance plans provide coverage in the form of providing for hospital bills and other medical-related bills for the insured as and when the need arrives; and in return the individual needs to pay a fixed amount of premium monthly to the insurer company. The...

  What is Singapore's secret to such an efficient health system? The healthcare system is funded in a way that increases awareness of the cost of healthcare among the population. In Singapore, each person saves a certain amount of their salary every month to participate in financing the medical expenses that they will encounter during their lifetime. The unused savings in the account generate interest. This system aims to avoid the overuse of medical care/treatment. The state of Singapore covers the majority of the healthcare costs of its citizens in the form of subsidies within public health institutions, often covering up to 80% of costs. The Singaporean health system is organized around the ‘3M’:  Medisave, MediShield, and Medifund. It also allows for flexibility in the choice between the public and private sectors. Private medical insurance refers to any medical insurance coverage offered by a private entity instead of a state or federal government. Insurance broke...

Many employees often overlook the fact that Employee Benefit Schemes (EBS) usually include some form of medical coverage. Most employers in Singapore offer basic health insurance coverage under what is known as a Group Insurance Plan. This coverage can complement an Integrated Shield Plan (IP) employees might also be under, as is the case with the Raffles Shield High Deductible option. Before considering this option, a useful question to ask would be: Do I know what medical expenses I am covered for under my Employee Benefit Scheme? If the answer to this is no, perhaps it’s time to change that! It’s helpful to be aware of the benefits you are entitled to, as it allows you to make informed choices when selecting other insurance plans you might want to have. Employee health benefits vary with each employer, and include different claim limits and eligible benefits. Some policies’ claim limits go by admission, while others have annual limits. Check up on your company’s health pol...