Medical Cost And Insurance In Singapore: Mitigate Against The Financial Impact Of Medical Contingencies
Singapore is an advanced hub for medical treatment. However, the speed and quality of private healthcare in Singapore, as well as access to the latest treatments, may come with a hefty price tag. Serious medical conditions may also result in loss of income and increased living expenses. Learn how financial planning and health insurance can help you mitigate the potentially high medical cost in Singapore.
Lower Long Term Medical Cost Through Preventive Health Care
Early detection of any serious health conditions can enable early intervention or management, and can help reduce medical cost in the long run. Do not wait for symptoms to appear – by then, it may already be advanced.
Book your comprehensive screening now and stay one step ahead.
Explore health screening packages on this page.
Financials
According to CPF (as of Jul 2024):
MediSave
MediSave covers a broad range of outpatient treatments through schemes such as MediSave500/700 and Flexi-MediSave.
Treatments covered include:
- Chronic conditions such as diabetes, hypertension, stroke, and depression
- Vaccinations and health screenings
- Dialysis and cancer treatments
MediShield Life
MediShield Life covers the cost of more expensive, recurring outpatient treatments.
Treatments covered include:
- Cancer drugs
- Radiotherapy for cancer
- Renal dialysis
- Drugs for organ transplant and chronic kidney failure
- Long-term parenteral nutrition
Check with CPF on the latest MediSave & MediShield Life policies.
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Meet Melissa Mok – Master Financial Consultant In Singapore
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Resources On Health Insurance:
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