How does medical insurance work in Singapore?
Singapore's public healthcare is funded by taxes, which only cover about one-fourth of Singapore's total health costs. Individuals and their employers pay for the rest in the form of mandatory life insurance schemes and deductions from the compulsory savings plan or the Central Provident Fund (CPF).
Is health insurance expensive in Singapore?
The 2021 report for most expensive cities to live in conducted by The Economist Intelligence Unit listed Singapore as the second most expensive city to live in the world. Going by this, it's no doubt that healthcare in Singapore is expensive as well.
Does everyone in Singapore have health insurance?
Singaporeans enjoy universal healthcare – meaning the public health system and mandatory health insurance is funded by the government. Patients can access care in public facilities with ease – but public healthcare is not free.