Singapore is known for its world-class healthcare system, consistently ranked among the best in the world. However, healthcare costs can be high, especially for expats who are not eligible for government subsidies. 

According to the Mercer Marsh Benefits 2023 Health Trends Report, medical costs in Singapore have been rising by an average of 9.6% annually. Understanding the health insurance options available for expats is important for financial security and access to quality care.

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Public vs. Private Healthcare for Expats

Singapore’s public healthcare system is subsidized for citizens and permanent residents (PRs), but expats generally do not qualify for these benefits. As a result, most foreigners rely on private healthcare, which offers shorter wait times and access to private hospitals but comes at a higher cost.

Public hospital consultations for non-residents can cost between SGD 100 and SGD 200, while private hospitals charge significantly more, with specialist consultations ranging from SGD 150 to over SGD 500. Without insurance, hospital stays and treatments can become financially overwhelming.

Types of Health Insurance for Expats 

Expats in Singapore have several health insurance options:

Employer-Provided Health Insurance: Many companies offer group medical insurance, which typically covers general consultations, hospitalization, and sometimes dental or vision care. However, coverage limits vary widely.

Integrated Shield Plans (ISPs): While ISPs are designed for Singapore citizens and PRs, expats with PR status may consider them as an option for enhanced coverage at private hospitals.

International Health Insurance: This provides broader coverage, including medical expenses in multiple countries, making it ideal for expats who travel frequently or plan to move to another country in the future.

Local Private Health Insurance: Designed specifically for Singapore-based coverage, these plans offer a balance between affordability and comprehensive benefits for those staying long-term.

Key Coverage Areas to Consider

When selecting a health insurance plan, expats should evaluate:

• • Hospitalization Coverage – Does the plan cover private hospital stays and specialist treatments?
  • Outpatient Benefits – Does it include GP visits, specialist consultations, and diagnostic tests?
  • Pre-existing Conditions – Some plans exclude or charge extra for conditions diagnosed before purchasing the policy.
  • Maternity Coverage: Essential for expats planning to start a family in Singapore.
  • Evacuation and Repatriation: Covers medical evacuation in case of emergencies requiring treatment in another country.

Cost of Health Insurance for Expats

The cost of private health insurance for expats varies based on age, coverage level, and medical history. According to MOH Singapore, a comprehensive expat health insurance policy typically ranges between SGD 3,000 and SGD 12,000 annually, depending on the coverage tier and insurer.