Posts

Guide to Health Insurance in Singapore for Foreigners

Image
  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...

The Impact of Lifestyle Choices on your Medical Insurance Premiums

Image
  Your lifestyle choices have a significant impact on various aspects of your health, but they can also affect your finances in the form of medical insurance premiums. Insurance companies take into account several factors when determining your premiums, and your lifestyle is one of the key considerations. Maintaining a healthy lifestyle not only contributes to your overall well-being but can also help you save on medical insurance costs. Here's how your lifestyle choices can influence your medical insurance premiums: Diet and Exercise: A balanced diet and regular exercise can reduce your risk of obesity, diabetes, and other chronic conditions. Insurers may offer discounts or incentives to policyholders who maintain a healthy weight and engage in physical activities. Alcohol Consumption: Excessive alcohol consumption can lead to liver disease, addiction, and accidents. While moderate alcohol consumption may not heavily impact your premiums, heavy drinkers may face higher costs...

A Guide to Medical Insurance for Foreigners in Singapore

Image
  Singapore is renowned for its world-class healthcare system, attracting not only locals but also a substantial number of expatriates and foreigners seeking medical care in the Lion City. While Singapore's healthcare services are top-notch, they can be costly, and medical emergencies can quickly lead to financial strain if you're not adequately prepared. That's where medical insurance for foreigners in Singapore comes into play. Why Do Foreigners Need Medical Insurance in Singapore? High Healthcare Costs: Singapore is known for its exceptional healthcare facilities, but quality often comes with a price tag. Medical treatments, especially for non-residents, can be expensive. Medical insurance helps you offset these costs and ensures you receive the care you need without financial worries. Mandatory Requirements: In some cases, such as work or long-term stay visas, the Singaporean government may require foreigners to have medical insurance as a condition for entry or r...

Hospitalisation Plan Singapore – Access to Quality Healthcare Services

Image
  Nowadays hospitalisation in any country can dig a major hole in your pocket, especially if you opt for private healthcare. The same is the scenario in Singapore, although the government of this city state has made basic health insurance compulsory. Hence if you opt for the basic wards in public hospitals then you are already covered. However, if you want better wards and private hospitals then you need to buy extra hospitalisation plan Singapore from one of the many health insurance companies in this city state. The insurance companies here have designed different types of hospitalisation insurance plans that cater to people with different requirements. We all know that hospitalisation is very expensive, but then so is the pre and post hospitalisation treatment. This is where the private insurance companies in Singapore come into the picture. They provide specially designed riders that cover the hospitalisation in private hospitals, and the expenses of diagnostic tests, medic...

Five Type of Health Insurance Plans in Singapore Apart from Medishield

Image
  When you get sick, hurt, or become incapacitated, health insurance helps you cover your medical costs. MediShield Life, a basic health plan provided by the government of Singapore, covers significant medical costs, and provides coverage to all residents of Singapore. Along with having to pay hefty medical or hospital fees, you might not be able to work while you heal. This and other reasons explain why a combination of government and private insurers providing best hospitalization insurance Singapore are an important consideration. There are five types of health insurance plans in this city state: 1.        If you are a Singapore citizen or permanent resident, then the government-provided Medishield will take care of large hospital bills and some selected expensive outpatient treatments. If you want more coverage, you will have to take added insurance from private providers. Such plans are known as Integrated Shield Plans. 2.   ...

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 ...

What you need to know about affordable health insurance in Singapore

Image
  The healthcare system in Singapore is quite advanced and is actually the envy of other countries. However it is also true that healthcare in Singapore is expensive and hence you need to apply for medical insurance. The question is how to find affordable health insurance ,  because just like the healthcare services, health insurance in this city state is also expensive. Here you need to bear in mind that the government has declared minimum health insurance compulsory for all Singaporeans. This insurance is known as med shield and provides the expense on basic in patient care in public hospitals. However, sometimes this basic insurance is not adequate because the patients may have existing ailments or require prolonged out-patient treatment which comes up to be very expensive. This is the reason that you need to opt for extra insurance plans from the many insurance companies in Singapore. Luckily for the consumers, there is high competition among the insurance companies in Sin...