How Much Is Healthcare And Health Insurance In Singapore?
Singapore provides top-of-the-line healthcare services, and healthcare does not come cheap in the Lion City. That is why you should consider health insurance if you are going to spend some time there. In this article, our friends at Pacific Prime CXA Singapore will explain the factors affecting healthcare and health insurance costs and the ways that we can manage the costs and coverage effectively.
Average Cost of Medical Services
Singapore’s healthcare system is undoubtedly one of the best, but healthcare isn’t free and expats and digital nomads can’t access public subsidy schemes.
The costs below are taken from the MOH Benchmark Fee website and typically consist of doctor’s consultation fee, ward charges, medication, and tests. Prices also vary depending on the type of ward.
| Treatment | Public Hospital Ward B (Subsidized) | Public Hospital Ward A (Unsubsidized) | Private Hospital |
| Emergency expansion of blocked heart vessels | SGD $5,872 – 8,694 (USD $4,287 – 6,347) | SGD $16,053 – 25,863 (USD $11,719 – 18,880) | SGD $37,075 – 49,230 (USD $27,065 – 35,938) |
| Respiratory infections or inflammations with complications | SGD $1,062 – 2,084 (USD $775 – 1,521) | SGD $2,866 – 7,012 (USD $2,092 – 5,119) | SGD $8,816 – 22,970 (USD $6,436 – 16,768) |
| Head injury | SGD $761 – 1,950 (USD $556 – 1,424) | SGD $1,151 – 2,159 (USD $840 – 1,576) | SGD $3,355 – 7,328 (USD $2,449 – 5,349) |
| Brain stroke with complications | SGD $1,483 – 2,561 (USD $1,083 – 1,870) | SGD $3,718 – 7,424 (USD $2,714 – 5,420) | SGD $3,760 – 8,970 (USD $2,745 – 6,548) |
| Kidney failure with complications | SGD $1,248– 2,528 (USD $911 – 1,845) | SGD $2,700– 7,002 (USD $1,971 – 5,111) | SGD $5,946 – 20,975 (USD $4,341 – 15,312) |
Depending on various factors, the amount of government subsidy can range from 50% to 80% of the bill. Citizens and permanent residents then use their insurance (e.g., MediShield Life, Integrated Shield Plans) and MediSave payouts to cover the fees.
Health Insurance Options and Costs for Expats
There are two options, with each coming at a different price.
- Local insurance plans: These plans are designed to be used alongside “MediShield Life”, the basic national health insurance plan for citizens and permanent residents. Together they are commonly known as “Integrated Shield Plans”.
- International health insurance plans: These plans provide multiregional coverage, which aligns with the lifestyle of expats in Singapore. As a rule of thumb, broader coverage means higher costs.
Tips for Managing Healthcare Costs and Insurance Coverage
There are multiple plans available from different insurance providers. With these practical strategies, you can ensure adequate coverage whilst keeping costs under control.
- Compare plans: It allows you to understand coverage options, premiums, deductibles, and copays and utilize them to control the insurance cost.
- Choose in-network providers: It is advisable to choose medical facilities within the medical network of the health insurance provider to avoid out-of-pocket expenses. Expats should familiarize themselves with the provider list when reaching out for medical services.
Budgeting for Healthcare with Pacific Prime
Choosing the right insurance plan for you is essential as it ensures your individual well-being and financial stability. Working with a reputable insurance broker like Pacific Prime CXA Singapore is beneficial.
With 20+ years of experience in the field, they have a team of insurance experts to help you find a suitable plan, and give you impeccable support throughout your insurance journey.
Contact them today for impartial advice or a FREE plan comparison!
