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In Singapore health care insurance is considered so important that the government has made it compulsory for all individuals. However, with the compulsory insurance provided by the government you can get only basic facilities at public hospitals. For more information visit the page!
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What you Need to Know About Health Care Insurance in Singapore In Singapore health care insurance is considered so important that the government has made it compulsory for all individuals. Hence in Singapore health insurance is not negotiable. However, with the compulsory insurance provided by the government you can get only basic facilities at public hospitals. Of course public hospitals also provide excellent treatment, but they lack in the facilities that private hospitals provide. The Singaporean government unveiled MediShield in 1990. It is a low-cost basic medical insurance program designed to assist people in paying for significant Class B2/C hospitalization expenditures for which Medisave alone would not be adequate. Members of MediShield were first opted in automatically, however they had the option to opt out if they so desired. MediShield Life was introduced in November 2015, 25 years after it first became available. It is an improved version of MediShield and, like its predecessor; it is a fundamental health insurance program that guards against high medical expenses for all Singapore Citizens (SCs) and Permanent Residents (PRs). It is also administered by the Central Provident Fund, and Medisave covers the entire premium. The fact that MediShield Life covers all pre-existing conditions is one benefit worth highlighting. For SCs and PRs with uninsurable diseases like diabetes or heart disease, this is wonderful news. While Medishield life is an excellent option for all Singaporean citizens, for foreign citizens medical coverage is typically provided by the employer for employees in Singapore who are neither Singapore citizens nor Permanent Residents, however it might not be enough. According to the Ministry of Manpower, companies are required to pay at least $15,000 annually for each worker's medical insurance coverage. Employment Pass (EP) holders must get their own private medical insurance because this rule does not apply to them Hence whether or not you are a Singaporean citizen or permanent resident, you will get some kind of health care insurance from the government or your employers.
