In Singapore, maintaining timely health insurance premium payments is important to ensure continuous coverage. Missing a payment can lead to several consequences that may affect your access to medical services and financial well-being.

Learn more: Health Insurance In Singapore >>

Immediate Consequences of Missing a Payment

When you miss a health insurance premium payment, your coverage may lapse immediately. According to Singapore’s insurance regulations, premiums must be paid on or before the policy’s start or renewal date. Failure to do so means the insurer is not obligated to provide coverage or benefits.

Grace Periods and Policy Lapses

Some insurers may offer a grace period, allowing you extra time to make your payment without losing coverage. However, this is not guaranteed and varies by provider. If no payment is made within this period, your policy may lapse, leaving you without health insurance. It’s essential to review your policy documents or consult your insurer to understand if a grace period applies.

Reinstating a Lapsed Policy

If your policy lapses due to non-payment, reinstatement is not always automatic. You may need to reapply for coverage, which could involve new medical assessments or waiting periods. 

Additionally, any medical conditions that developed during the lapse might be considered pre-existing, potentially limiting future coverage.

Impact on Employer-Sponsored Insurance

For employer-sponsored health insurance, missing premium payments can have legal implications. Employers in Singapore are responsible for providing medical insurance for their employees. Failure to meet this obligation can result in fines up to S$10,000 and/or imprisonment for up to 12 months.

Source: Ministry of Manpower