How does health 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 healthcare in Singapore free?
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.
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.
How does health insurance work in simple terms?
Health insurance helps pay for your healthcare costs if you get injured, sick or disabled. Find out what health insurance covers, how it works and why you need to be insured. Health insurance helps pay for health care costs in the event of an injury, illness or disability.