Why Expatriates Should Get International Health Insurance in Singapore
Living abroad may not be easy but it doesn’t have to be. In a bid to help you feel more at home, we have analysed the most important aspect for you: your safety as well as your family’s.
From why you should get international health insurance to helping you find the best plan for you and your family, we have covered it all.
What is International Health Insurance Exactly?
Before we dive into why you should purchase international health insurance, you should first understand what international health insurance is exactly.
Put simply, international health insurance is similar to Singapore’s Integrated Shield plan. It is designed to provide those living abroad for a period of time with comprehensive health care.
While expatriates do not benefit from government subsidies, international health insurance offers comparable benefits.International health insurance gives both emergency and non-emergency coverage, and you can be assured that you will have access to the required medical resources and attention that you need in your new country of residence.
While international health insurance can apply to Singaporeans looking to move abroad, we will only be covering how it applies to expatriates in this article.
To better understand international health insurance in Singapore, check out our comprehensive analysis of the plans available in Singapore.
Insurance Offered by Employers in Singapore
In Singapore, the type of work pass you hold determines whether your employer is required to provide you with health insurance.
Work Permit and S Pass
For mid-level skilled staff earning a minimum of S$2,500 a month, employers must purchase health insurance for them. Mandated by the Ministry of Manpower, employers must purchase insurance coverages of at least S$15,000 per year and plans that cover both inpatient care and day surgery.
In some cases, your employers may offer to cover your insurance plans fully although some may choose a co-payment arrangement instead. The co-payment arrangement can only be conducted if the following conditions have been met:
- The co-pay amount does not exceed 10% of the worker’s monthly salary.
- The duration does not exceed 6 months.
- Co-payment option is explicitly stated in the employment contract or collective agreement and has the worker’s full consent.
Employment Pass
On the other hand, it is not part of an employer’s medical obligations to buy and maintain health insurance for Employment Pass (EP) holders. This is because most EP holders typically have their own international health insurance. However, employers may choose to provide it as part of their contract. As such, do check with your employer before purchasing your insurance plan to maximise your coverage and avoid overlap of policies.
Why You Should Get Covered by International Health Insurance as an Expatriate
As aforementioned, expatriates who are EP holders tend to already have their own international health plan. From ensuring that yours, as well as your family members’ health, are in good hands, here are three reasons why you should purchase international health insurance as an expatriate living in Singapore.
Healthcare is Expensive For Expatriates in Singapore
Ranked as the second most expensive city to live in in 2021 by the Economist Intelligence Unit (EIU), it is no surprise that the high-quality healthcare available in Singapore is expensive.
Unlike Singaporeans, expatriates living in Singapore do not qualify for the local social security schemes such as MediShield Life which help subsidise the costs of healthcare. This is because they are exempt from contributing to the Central Provident Fund (CPF) which finances healthcare and social services in Singapore. Because of this reason, many expatriates turn to private international health insurance.
With the insurer covering a portion of the medical expense, international health insurance plans allow one to save on healthcare abroad. Of course, this greatly depends on the country you are moving to. In Singapore, purchasing international health insurance is the cheaper option, especially for critical illnesses such as cancer which require long-term treatment.
Your Family Needs Protection Too
In most cases, the insurance coverage under your contract does not extend to your family. Even if it does cover your family, the coverage may not cater to every individual’s needs in the family. This is where international health insurance comes in.
With the option to customise your insurance coverage, international health insurance also allows you to only pay for what you need.
Get Coverage Everywhere You Go
Apart from protecting you in your new country of residence, international health insurance plans also provide coverage when you travel. As travel resumes, having coverage around the globe will become increasingly important.
From helping you seek medical help to emergency medical repatriations, you can be assured that you will receive the necessary medical attention with international health insurance.
Factors To Finding the Best International Health Insurance Plan For You in Singapore
Looking to buy international health insurance for yourself and your family? Here are key points to consider when choosing your international health insurance plan.
A Family-Friendly Plan
If you are looking to move to Singapore together with your family, the best overall plan for you could be the MSIG Prestige Health Insurance.
Even though it is only available to those whose Usual Country of Residence is Singapore, MSIG Prestige Health Insurance is a great option for families, offering a five percent discount on premiums for three or more persons. Furthermore, MSIG’s premiums are 60 percent lower than the market average.
Covering hospitalisation, local ambulance services, cancer treatments, accident dental cover, overseas emergency medical evacuation and more, MSIG’s Prestige Health Insurance does provide relatively extensive coverage.
- Optional Deductible
- S$2,500-S$30,000
- Hospitalisation Accommodation
- Standard 1-Bedded Private Hospital
| Benefit | Limit | Industry Avg. |
|---|---|---|
| Annual Limit | S$3,000,000 | S$2,107,962 |
| Hospitalisation & Surgical Benefits | S$1,000,000-S$2,000,000 | Paid in Full |
| Pre-Hospitalisation Coverage (Days) | 180 | 96 |
| Post-Hospitalisation Coverage (Days) | 180 | 106 |
| Cancer Treatment | S$1,000,000 | Paid In Full |
| Medical Evacuation | S$1,000,000 | S$2,001,004 |
| Emergency Dental | S$1,000,000 | Paid in Full |
MSIG Platinum is one of the best international medical insurance for foreigners with families in Singapore. Its premiums are quite affordable for a top-tier plan, costing 31-58% less than the industry average, while its annual limit of S$1 million is expanded to S$2 million if you are hospitalised while overseas. You will also have S$1,000,000 of coverage for ICU, cancer treatment, day surgery, inpatient psych treatment, accidental dental cover and adult hospital accommodation (for hospitalised children). Additionally, family plans receive a 5% discount in addition to affordable maternity add-ons. In fact, including the maternity option, MSIG ends up around 30% cheaper than its closest competitor Singaporean based competitor FWD.
For expats who just moved to Singapore and are new to navigating overseas business trips, MSIG also offers an invaluable medical assistance benefit. It includes emergency medical advice and administrative services for visa, immunisation, vaccination information, retrieval and redirection of lost luggage and replacement of lost travel documents. However, expats should note that their coverage will terminate automatically as soon as they return to their respective home country. Also, coverage outside of Singapore is short (90 days), so business travellers who take long-term international assignments should be careful. To apply for this plan or learn more, reach out to our advisors at PolicyPal by clicking "Get a Quote".
- Optional Deductible
- S$2,500-S$30,000
- Hospitalisation Accommodation
- Standard 1-Bedded Private Hospital
| Benefit | Limit | Industry Avg. |
|---|---|---|
| Annual Limit | S$3,000,000 | S$2,107,962 |
| Hospitalisation & Surgical Benefits | S$1,000,000-S$2,000,000 | Paid in Full |
| Pre-Hospitalisation | 180 Days | 96 Days |
| Post-Hospitalisation | 180 Days | 106 Days |
| Cancer | S$1,000,000 | Paid In Full |
| Medical Evacuation | S$1,000,000 | S$2,001,004 |
| Emergency Dental | S$1,000,000 | Paid in Full |
MSIG Platinum is one of the best international medical insurance for foreigners with families in Singapore. Its premiums are quite affordable for a top-tier plan, costing 31-58% less than the industry average, while its annual limit of S$1 million is expanded to S$2 million if you are hospitalised while overseas. You will also have S$1,000,000 of coverage for ICU, cancer treatment, day surgery, inpatient psych treatment, accidental dental cover and adult hospital accommodation (for hospitalised children). Additionally, family plans receive a 5% discount in addition to affordable maternity add-ons. In fact, including the maternity option, MSIG ends up around 30% cheaper than its closest competitor Singaporean based competitor FWD.
For expats who just moved to Singapore and are new to navigating overseas business trips, MSIG also offers an invaluable medical assistance benefit. It includes emergency medical advice and administrative services for visa, immunisation, vaccination information, retrieval and redirection of lost luggage and replacement of lost travel documents. However, expats should note that their coverage will terminate automatically as soon as they return to their respective home country. Also, coverage outside of Singapore is short (90 days), so business travellers who take long-term international assignments should be careful. To apply for this plan or learn more, reach out to our advisors at PolicyPal by clicking "Get a Quote".
Your Budget
International health insurance plans can vary greatly in price. Thus whether you are on a tight budget or not, you can be sure that you will find a plan within your budget.
For Those on a Tighter Budget
Looking for an international health insurance plan with a lower cost? Check out FWD’s International Health Insurance. Costing 75 percent lower than the average plan in the market, the FWD International Health Insurance plan is a great choice for expatriates and international students.
While it may be cheaper, you are not shortchanged in terms of the benefits offered. FWD provides full coverage for hospitalisation charges, cancer treatments, accidental dental and organ transplants, regardless of the plan you choose.
- Optional Deductible
- S$0-S$10,000
- Hospitalisation Accommodation
- Public Shared/Standard Single
| Benefit | Limit | Industry Avg. |
|---|---|---|
| Annual Limit | S$100,000 | S$2,107,962 |
| Hospitalisation & Surgical Benefits | S$100,000 | Paid in Full |
| Pre-Hospitalisation Coverage (Days) | 90 | 96 |
| Post-Hospitalisation Coverage (Days) | 90 | 106 |
| Cancer Treatment | Paid in Full | Paid In Full |
| Medical Evacuation | Paid in Full | S$2,001,004 |
| Emergency Dental | Paid in Full | Paid in Full |
If you are a Singaporean student who is planning on studying abroad, FWD International 100k will be your cheapest option. For students under the age of 18, their parents will have to pay an annual premium of around S$1,500. Students over the age of 18 will have to purchase the policy on their own for about S$500. Regardless of the scenario, FWD is one of the cheapest student international medical plans in the country. In terms of student-friendly perks, FWD offers 24/7 medical advice, doubling of your annual limit if you made no hospitalisation claims for two years and parental accommodation of up to S$250 per night. Hospital coverage includes payment in full for day-care treatment, surgeries, fees, ICU, reconstructive surgery and diagnostic tests (MRI's, CT, PET, etc.), giving you peace of mind if you end up in a serious accident while abroad.
While FWD's International 100k plan is well suited for students on a budget, you may not receive enough coverage if you suffer from unique medical conditions or life situations. For instance, those who want psychiatric benefits, AIDS/HIV coverage or maternity-related benefits will have to opt for a higher coverage plan, which can cost around S$200 extra.
- Optional Deductible
- S$0-S$10,000
- Hospitalisation Accommodation
- Public Shared/Standard Single
| Benefit | Limit | Industry Avg. |
|---|---|---|
| Annual Limit | S$100,000 | S$2,107,962 |
| Hospitalisation & Surgical | S$100,000 | Paid in Full |
| Pre-Hospitalisation | 90 Days | 96 Days |
| Post-Hospitalisation | 90 Days | 106 Days |
| Cancer | Paid in Full | Paid In Full |
| Medical Evacuation | Paid in Full | S$2,001,004 |
| Emergency Dental | Paid in Full | Paid in Full |
If you are a Singaporean student who is planning on studying abroad, FWD International 100k will be your cheapest option. For students under the age of 18, their parents will have to pay an annual premium of around S$1,500. Students over the age of 18 will have to purchase the policy on their own for about S$500. Regardless of the scenario, FWD is one of the cheapest student international medical plans in the country. In terms of student-friendly perks, FWD offers 24/7 medical advice, doubling of your annual limit if you made no hospitalisation claims for two years and parental accommodation of up to S$250 per night. Hospital coverage includes payment in full for day-care treatment, surgeries, fees, ICU, reconstructive surgery and diagnostic tests (MRI's, CT, PET, etc.), giving you peace of mind if you end up in a serious accident while abroad.
While FWD's International 100k plan is well suited for students on a budget, you may not receive enough coverage if you suffer from unique medical conditions or life situations. For instance, those who want psychiatric benefits, AIDS/HIV coverage or maternity-related benefits will have to opt for a higher coverage plan, which can cost around S$200 extra.
For the High Spenders
For those who can afford to maximise their coverage, Cigna’s Global Health Insurance is a great plan for you.
Across the three tiers offered, Silver, Gold, and Platinum, all of the plans offer full coverage for hospital charges, surgery, intensive care, surgeon and anaesthetists' fees, and major treatments such as cancer. It is also the few insurers that provide coverage for the treatment of mental health conditions, disorders, addiction, and routine maternity care in its base plan.
- Optional Deductible
- S$0-S$1,500
- Hospitalisation Accommodation
- Standard Private Single
| Benefits | Limit | Industry Avg. |
|---|---|---|
| Annual Limit | Unlimited | S$2,107,962 |
| Hospitalisation & Surgical Benefits | Paid in Full | Paid in Full |
| Pre-Hospitalisation Coverage (Days) | N/A | 96 |
| Post-Hospitalisation Coverage (Days) | N/A | 106 |
| Cancer Treatment | Paid in Full | Paid In Full |
| Medical Evacuation | Paid in Full | S$2,001,004 |
| Emergency Dental | Paid in Full | Paid in Full |
For seniors or those who simply want to max out their medical coverage, Cigna International Platinum can be a great choice. While the plan costs slightly above average for most ages, it is one of the cheapest top-tier coverage options for Singaporean and expat seniors. Cigna is sure to please those who are willing to pay more for more comprehensive coverage, as it offers an unlimited annual limit and a myriad of 100% coverage ranging from surgery to MRI, CT, PET scans and private hospital room coverage. Its unique benefits include coverage for home-births, treatment for disorders/addiction and congenital conditions as well as certain pre-existing medical conditions (for an additional fee).
In addition to the core benefits, you will also have the options to create one of the most customisable plans on the market. While Cigna offers the standard dental, outpatient and maternity option packages, it also offers a Health and Wellbeing package that offers full coverage for routine physicals, cancer screenings and life management programmes (up to 5 counseling sessions). Lastly, provided your trip to the US is under 3 weeks, you will still receive US coverage even if you didn't opt for a US-inclusive policy. This is a unique benefit as other insurers don't provide extra geographical coverage unless it is paid for. To apply for this plan or learn more, reach out to our advisors at PolicyPal by clicking "Get a Quote".
- Optional Deductible
- S$0-S$1,500
- Hospitalisation Accommodation
- Standard Private Single
| Benefits | Limit | Industry Avg. |
|---|---|---|
| Annual Limit | Unlimited | S$2,107,962 |
| Hospitalisation/Surgical | Paid in Full | Paid in Full |
| Pre-Hospitalisation | N/A | 96 Days |
| Post-Hospitalisation | N/A | 106 Days |
| Cancer | Paid in Full | Paid In Full |
| Medical Evacuation | Paid in Full | S$2,001,004 |
| Emergency Dental | Paid in Full | Paid in Full |
For seniors or those who simply want to max out their medical coverage, Cigna International Platinum can be a great choice. While the plan costs slightly above average for most ages, it is one of the cheapest top-tier coverage options for Singaporean and expat seniors. Cigna is sure to please those who are willing to pay more for more comprehensive coverage, as it offers an unlimited annual limit and a myriad of 100% coverage ranging from surgery to MRI, CT, PET scans and private hospital room coverage. Its unique benefits include coverage for home-births, treatment for disorders/addiction and congenital conditions as well as certain pre-existing medical conditions (for an additional fee).
In addition to the core benefits, you will also have the options to create one of the most customisable plans on the market. While Cigna offers the standard dental, outpatient and maternity option packages, it also offers a Health and Wellbeing package that offers full coverage for routine physicals, cancer screenings and life management programmes (up to 5 counseling sessions). Lastly, provided your trip to the US is under 3 weeks, you will still receive US coverage even if you didn't opt for a US-inclusive policy. This is a unique benefit as other insurers don't provide extra geographical coverage unless it is paid for. To apply for this plan or learn more, reach out to our advisors at PolicyPal by clicking "Get a Quote".
The Benefits Offered
Before you decide to purchase an international health insurance plan with an insurer, it is important that you understand the benefits offered. Below are some benefits that you should look out for.
Annual Limits and Sub-Limits
The maximum annual insured limit refers to the total amount payable by your insurer per year. Essentially, once your insurer has covered you up to the annual limit stated in the policy, you will have to foot the bills for further treatments. The obvious benefit of higher annual limits is that the amount you pay for your treatment will be lower. However, a higher annual insured limit means you’ll have to pay a higher premium.
However, the sub-limits are equally if not more important than the annual limits. Depending on your needs, you may prioritise certain benefits more so than others.
For instance, we can look at the sub-limits for kidney dialysis for MSIG and FWD, policy deductibles may apply.
| MSIG Prestige Health Insurance | |||
|---|---|---|---|
| Elite Plan | Deluxe Plan | Platinum Plan | |
| Kidney Dialysis (Inpatient and Outpatient) | Up to $300,000 | Up to $500,000 | Up to $1,000,000 |
| FWD International Health Insurance | ||||||
|---|---|---|---|---|---|---|
| S$100,000 | S$250,000 | S$500,000 | S$1,000,000 | S$2,000,000 | S$3,000,000 | |
| Kidney Dialysis (Inpatient and Outpatient) | NA | NA | S$20,000 | S$30,000 | S$50,000 | Paid in full |
Evidently, each plan does offer varying sub-limits of coverage for kidney dialysis. Thus, for those who require kidney dialysis coverage, it would make more sense to purchase the MSIG Health Insurance plans or the S$2,000,000 and S$3,000,000 FWD International Health Insurance plan.
International Cover
For expatriates who travel often, be it for work or leisure, it is important to ensure that your international health insurance plan covers you even when you are not in Singapore.
For instance, insurers such as MSIG offer increased international cover of up to S$2,000,000. Under their Prestige Health Insurance, there will be an automatic activation of up to S$2 million cover for Hospital & Related Services when you are outside of your country of residence. As such, you can be sure that you will be covered even when you are not in Singapore.
Apart from MSIG, FWD’s International Health Insurance also offers coverage outside of Singapore. With the exception of the United States, Canada, Japan, Korea, and sanctioned countries, you will be covered even when you are not in Singapore.
Furthermore, you should also consider if overseas medical evacuation and repatriation are covered in your plan. For some plans such as those provided by MSIG and FWD, medical evacuation and repatriation coverages are provided. Whereas insurers such as Cigna consider it as an optional add-on.
Additional Benefits to Protect Yourself
Apart from the coverages provided under the plans, you may consider the optional add-ons offered. These include and are not limited to outpatient, maternity, and dental insurance.
Outpatient Treatment Services
Depending on your choice of insurer, the outpatient treatment services may be covered under your insurance policy. Insurers such as MSIG offer this benefit under their policy. However, insurers such as Cigna and FWD offer it as an optional add-on benefit.
Priding themselves in offering outpatient alternative treatment as part of their policy, you will be entitled to up to $2,000 for alternative treatment by a physiotherapist, registered Chinese physician, acupuncturist or chiropractor.
The tables below illustrate the difference in coverage offered by the international health insurance plans offered by MSIG, FWD, and Cigna, policy deductibles may apply.
| MSIG Prestige Health Insurance | |||
|---|---|---|---|
| Elite Plan | Deluxe Plan | Platinum Plan | |
| Outpatient limit | S$750 | S$1,000 | S$2,000 |
| FWD International Health Insurance | ||||
|---|---|---|---|---|
| S$500,000 | S$1,000,000 | S$2,000,000 | S$3,000,000 | |
| Outpatient limit | S$5,000 | S$10,000 | S$15,000 | Paid in full |
| Cigna Global Health Insurance | |||
|---|---|---|---|
| Silver | Gold | Platinum | |
| Outpatient limit | S$5,000 | S$35,000 | Paid in full |
Maternity Insurance
Offering an affordable option for maternity insurance, MSIG’s Maternity Benefit Cover starts at S$1,580 and provides coverage for ante-natal, childbirth and post-natal treatments up to specified sub-limits. Having said that, this optional benefit is only available under the Deluxe and Platinum Plans.
The tables below illustrate the difference in coverage offered by MSIG and FWD, policy deductibles may apply.
| MSIG Prestige Health Insurance | |||
|---|---|---|---|
| Elite Plan | Deluxe Plan | Platinum Plan | |
| Normal Delivery | NA | Up to S$6,000 | Up to S$6,000 |
| Complicated Delivery as defined in their policy1 | NA | Up to S$15,000 | Up to S$15,000 |
| FWD International Health Insurance | |||
| S$1,000,000 | S$2,000,000 | S$3,000,000 | |
| Prenatal visits, delivery and postnatal visits | S$8,000 | S$12,000 | S$20,000 |
| Consultations, medications, diagnostics tests | S$8,000 | S$12,000 | S$20,000 |
| Newborn Care | S$15,000 | S$20,000 | S$40,000 |
1Complicated Delivery is defined by MSIG as
- Charges for surgery and related medical care for caesarean section when a Doctor has certified in writing that a natural delivery will endanger the life of the mother and/or child(ren).
- Charges for surgery and related medical care for the treatment of extra uterine pregnancy or complications requiring intra abdominal surgery after necessary termination of pregnancy for medical reasons.
- Charges for other necessary care which is provided during hospitalisation for pernicious vomiting in pregnancy, toxemia with convulsions or spontaneous abortion (miscarriage).
Dental Insurance
For those who wish to have extensive health insurance coverage with dental benefits, you can consider Cigna and FWD’s International Health Insurance. By paying a top-up, you will stand to enjoy coverage for Preventative Dental, Routine Dental, Major Restorative Dental, and Orthodontic Treatment.
The tables below illustrate the difference in coverage offered by FWD and Cigna, policy deductibles may apply.
| FWD International Health Insurance | |||
|---|---|---|---|
| S$1,000,000 | S$2,000,000 | S$3,000,000 | |
| Basic and routine dental work | S$750 | S$1,250 | S$1,400 |
| Complex dental work | S$100 | S$200 | S$300 |
| Cigna Global Health Insurance | |||
| Silver | Gold | Platinum | |
| Preventative | S$1,250 | S$2,500 | S$5,500 |
| Routine | 80% refund | 90% refund | Paid in full, up to the annual benefit maximum (S$5,500) |
| Major restorative | 70% refund | 80% refund | Paid in full, up to the annual benefit maximum (S$5,500) |
| Orthodontic treatment Available up to 18 years old | 40% refund | 50% refund | 50% refund |
It Is Time to Decide
Your health is more vulnerable than you think it is. Hence, it is important to ensure that your health is in good hands when you are overseas. As borders start to reopen, your job may require you to move to Singapore or you may want to move to Singapore. But amidst all the preparation that you need to do, remember to purchase an international health insurance plan for yourself as well as your family.
Still considering an international health insurance plan? Head over to our in-depth review of the plans available in the market to find the best one for yourself!
Christopher is a licensed financial adviser and a General Insurance Broker with PolicyPal. He has nine years of experience in the insurance industry with various notable companies including Chubb, AVA, AIA, NTUC Income, and more. Today, Christopher helps to oversee the insurance content on ValueChampion and bring business growth to PolicyPal.