Singapore Healthcare & Insurance Information
Singapore Healthcare & Insurance Information
In recent years the Singapore government has invested heavily in the country's healthcare system. Singapore's healthcare system is now recognized as one of the finest in the world. The World Health Organization ranked Singapore 6th in the world for health systems in the year 2000. Given Singapore's high level of medical care, it is no wonder Singapore has become the center for medical treatment in the region for nationals from Indonesia, India, and other Southeast Asian countries. As English is widely spoken in Singapore, understanding treatment options, instructions, and advice from local physicians is easy for most foreigners.
Singaporean hospitals, both public and private, have the most up-to-date medical equipment and maintain a high standard of medical service. Singapore currently has 10 government-run hospitals, 13 private hospitals, as well as 6 special institutes for oncology, cardiology, dermatology, ophthalmology, neuroscience, and dentistry. Doctors in Singapore are equally distributed among the private and public healthcare sectors. Physicians and medical staff are all highly trained and speak English fluently.
From among other leading medical tourism destinations like India, Thailand and the UAE, Singapore has emerged as one of the top destinations for medical tourists in the world. Although treatment costs are reasonable for local Singaporeans, expatriates can expect to pay a much higher cost than local Singaporeans pay. Treatment costs are especially high at Singapore's best private hospitals and leading public clinics.
The Singapore Ministry of Health (or MOH) is the government regulatory body responsible for maintaining and monitoring healthcare standards and practices. The MOH is also a valuable source of information for Singapore health-related issues.
The government of Singapore along with private hospitals have formed alliances with world famous medical institutions like Johns Hopkins, Massachusetts General Hospital, Pennsylvania University Medical Center, Stanford University Hospital, and Kaiser Permanente. Through these partnerships, the Singapore healthcare network seeks to make further advances in medicine and medical research.
Singapore's most renowned hospitals include: Thomson Medical Centre, Tan Tock Seng Hospital, Singapore General Hospital, National University Hospital, Gleneagles and Mount Elizabeth. These medical institutions are among the finest in all of Southeast Asia. Thomson Medical Centre is the leading private hospital specializing in women and children's healthcare. The Thomson Medical Centre's Fertility Centre has several medical breakthroughs in the field of in vitro fertilization to its credit.
All currently employed Singaporean residents, including foreign nationals, and their employers are required to pay a percentage of each monthly paycheck into an individual's Central Provident Fund (CPF), which is split into three accounts. One of these Accounts is the Medisave Account, from which money can be used to pay out-of-pocket medical costs, and to buy into the national catastrophic health insurance program called Medishield or a government-sanctioned Integrated Shield Plan administered by a private insurer.
While the Medisave Account and Medishield insurance work well for most Singaporean Citizens, as they receive a degree of Government subsidy in public hospitals, expatriates in Singapore often seek insurance cover over and above what the Government provides. Given Singapore's position as a large Asian economy, many large companies and international corporations have offices there, and will often offer their employees coverage on their group health insurance plan. However, as Singapore's highest quality private and public healthcare facilities can be quite expensive, many expatriates will often seek international health insurance in Singapore to ensure they and their loved ones are fully covered.
Singapore maintains an exceptionally clean environment, however a number of health concerns do arise. In recent years, 2007 in particular, Singapore has experienced a greater incidence of Dengue fever. This mosquito-borne, flu-like disease has no vaccine but is usually not fatal. Singapore also experiences occasional haze caused by large forest fires in neighboring Indonesia.
While Singapore's healthcare standards are among the highest in the world, the costs of treatment are correspondingly high. For more information about Singapore Health Insurance plans, please complete the short form at the top of this page, or contact us here.