Is Health Insurance Required When Moving to Singapore?

Moving to Singapore as an expat or digital nomad comes with the excitement of experiencing a new culture, a vibrant economy, and a high standard of living. However, it's crucial to consider the practicalities of such a move, one of which is healthcare. Singapore boasts an excellent healthcare system, but it can be costly. Health insurance is not just a recommendation; it's a necessity for covering medical expenses and is often a requirement for obtaining a residency visa. Newcomers should ensure they have a health insurance plan that meets the minimum coverage amounts and length required by Singaporean authorities. This coverage is essential during the period before obtaining residency or enrolling in the public healthcare system.

Does Expat Health Insurance Meet the Requirements?

Expat health insurance plans are specifically designed to meet the needs of individuals living outside their home country, and they often meet the requirements set by Singapore for residency. However, it's important to verify that the plan you choose complies with the local regulations. The minimum coverage amount and specific benefits required can vary, so expats should consult with insurance providers or legal experts to ensure their policy is compliant. Typically, a plan should cover hospitalization, emergency services, and may also need to provide coverage for repatriation and evacuation.

Which local health insurers offer this type of insurance?

In Singapore, there are several reputable local health insurers that offer plans suitable for expats and digital nomads. These include NTUC Income, Great Eastern, AXA, and Prudential, among others. These insurers provide a range of plans that cater to different needs and budgets, with options for add-ons like dental and vision care. It's advisable to compare plans from these insurers to find one that offers the right balance of coverage and cost. Additionally, international health insurance providers also operate in Singapore and can offer plans that meet the residency requirements.

Advice from Expats in Singapore about Health Insurance

Experienced expats in Singapore often emphasize the importance of understanding the local healthcare system and ensuring that your health insurance plan provides sufficient coverage. They advise newcomers to look for plans that offer direct billing with hospitals and clinics to avoid out-of-pocket payments. It's also recommended to choose a plan with a high coverage limit due to the high cost of healthcare in Singapore. Expats should consider whether they need coverage for pre-existing conditions and whether the plan includes international coverage, which can be beneficial for those who travel frequently. Lastly, it's important to review the claims process to ensure it is straightforward and efficient, as this can significantly impact your experience in the event you need to use your insurance.