Expat Travel Insurance Options – If you are a foreigner or Singaporean living or working abroad, international health insurance can protect you and your family. We’ve analyzed dozens of premiums and benefits from the best health insurance companies in Singapore and abroad to find out which plans best suit your needs.
Whether you are a Singaporean who frequently travels abroad for business or a foreigner looking for more comprehensive health insurance in Singapore, the FWD 2 million and 3 million international health insurance plans provide comprehensive coverage at market-beating premiums. Although these plans cost 75% below the industry average, the annual FWD limit of S$2,000,000 – S$3,000,000 makes them one of the best value plans available.
Expat Travel Insurance Options
For your peace of mind, it also provides 100% coverage for some life-threatening procedures such as cancer treatment, organ transplants and pregnancy complications, wherever you are. Additionally, if you don’t claim any hospitalization for two years, your annual limit will double, making FWD an excellent high coverage option for generally healthy individuals.
What Is Expat Health Insurance?
For those who want coverage beyond inpatient hospitalization, you can also add maternity, dental and outpatient coverage. However, while the incremental cost of adding dental and outpatient services is around industry norms, maternity benefits cost almost S$3,500 extra and can only be added after purchasing the outpatient package. So while the FWD is a great choice for the average international citizen, budget-conscious women and families may be priced out, with annual premiums reaching S$10,000.
Consider it if you are a foreigner looking for coverage for your family and business trips outside of Singapore
MSIG Platinum is one of the best international health insurance for expats with families in Singapore. Their premiums are very affordable for a top tier plan, costing 31-58% less than the industry average; If you are hospitalized abroad, the annual limit of S$1 million will be increased to S$2 million. You will also have cover of S$1,000,000 per intensive care unit, cancer treatment, day surgery, inpatient psychological treatment, accidental dental cover and adult hospital stay (for hospitalized children). In addition, family plans offer affordable maternity supplements as well as a 5% discount. In fact, including the birth option, MSIG is about 30% cheaper than its nearest rival, Singapore-based rival FWD.
MSIG also offers invaluable medical assistance to expats who have just moved to Singapore and are just starting their overseas business trips. Includes emergency medical advice and administrative services for visas, vaccinations, vaccination information, collection and rerouting of lost luggage and replacement of lost travel documents. However, foreigners should remember that their insurance will automatically lapse once they return to their home country. Additionally, coverage outside of Singapore is short (90 days), so business travelers on long-term international assignments need to be careful. To apply for this plan or learn more, contact our consultants at PolicyPal by clicking “Get a Quote.”
Axa Global Healthcare Insurance Plans
If you are a Singaporean student planning to study abroad, FWD International 100k will be your cheapest choice. For students under the age of 18, their parents will have to pay an annual premium of around S$1,500. Students above 18 will need to purchase the policy themselves for around S$500. Regardless of the scenario, FWD is one of the cheapest student international medical plans in the country. In terms of student benefits, the DPO offers 24/7 medical advice; It doubles your annual limit if you don’t apply for hospitalization for two years and offers accommodation for parents up to S$250 per night. Hospital insurance includes full reimbursement for day care, operations, fees, intensive care unit, reconstructive surgery and diagnostic tests (MRI, CT, PET, etc.), giving you peace of mind in the event of a serious injury abroad.
While FWD’s International 100k plan is suitable for students on a budget, you may not get adequate coverage if you have unique health issues or life situations. For example, those looking for psychiatric benefits, AIDS/HIV cover or maternity benefits will need to opt for a higher cover plan, which can cost around S$200 extra.
For seniors or those looking to maximize their medical coverage, Cigna International Platinum can be a great choice. While the cost of the plan is slightly above average for most age groups, it is one of the cheapest senior cover options for Singaporean and foreign seniors. Cigna is sure to please those willing to pay more for more comprehensive coverage, as it offers an unlimited annual limit and 100% coverage for many items from surgery to MRIs, CTs, PET scans, and private hospital room coverage. Unique benefits include coverage for home births, treatment for disorders/addictions and congenital conditions, as well as some pre-existing medical conditions (at an additional cost).
In addition to the basic benefits, you’ll also have the options to create one of the most customizable plans on the market. While Cigna offers standard packages of dental, outpatient, and obstetric options, it also offers a complete Health and Wellbeing package for routine checkups, cancer screenings, and lifestyle programs (up to 5 counseling sessions). Finally, if your trip to the US is less than 3 weeks, you will still have cover in the US even if you have not opted for a policy that covers the US. This is a unique advantage as other insurance companies do not provide specific geographic coverage unless paid. To apply for this plan or learn more, contact our consultants at PolicyPal by clicking “Get a Quote.”
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Now, Health’s WorldCare Essential plan will benefit US citizens currently residing in Singapore who also want emergency treatment in their hometown. Although Essential premiums are approximately 4-17% higher than the market average, you will have 100% coverage for inpatient psychological treatment, parental accommodation, ambulance transport, cancer, reconstructive surgery, evacuation and repatriation and pregnancy medical services and childbirth. conditions (hospitalized only). For those who want US coverage without having to pay extra for a worldwide plan that includes US coverage (at a much higher premium), you get the option as well as the extra benefits of elective surgery for up to 30 days in the US. Addition of $1.5 million for elective medical assistance for inpatient and day care patients.
However, WorldCare Essential is not recommended for those who need maternity or dental care, as these benefits are only available on Now Health’s higher coverage plans, which are about 40% more expensive. Additionally, this plan will not benefit Singaporeans living in the United States as there is no coverage for this demographic. Therefore, this plan is the best choice for healthy, single US expats looking to supplement their corporate plan coverage. To apply for this plan or learn more, contact our consultants at PolicyPal by clicking “Get a Quote.”
International Health Insurance is a health insurance that provides health insurance to expats around the world. Unlike Integrated Shield plans, which are limited to coverage in Singapore, International Health Insurance will protect you whether you are a foreigner living in Singapore or a Singaporean living elsewhere in the world. It is important to note the difference between international health insurance and travel insurance; because the latter does not provide comprehensive health insurance when you travel abroad.
International health insurance covers medical expenses that you may incur in your new country of residence. Most international health insurance plans include basic benefits that cover inpatient medical services and some emergency outpatient services. With a comprehensive bed plan and optional riders, you and your family will be covered for some, but not all, of the following:
Health Insurance For Expats
In addition to the coverage you can expect from a health insurance plan, many international health insurance policies focus on the unique health needs of expats and traveling families. For example, many plans cover medical repatriation if you have an emergency abroad and need to be repatriated. Additionally, you will find that international health insurance providers have a global network of practices; So you can feel safe knowing you have access to affordable healthcare wherever you are.
Expats in Singapore or Singaporeans living abroad can avail of international health insurance. For example, foreigners who have settled in Singapore and are insured by their own company may not find their current benefits high enough, so they will apply for an international health plan in addition to insurance. Similarly, Singaporeans who tend to travel frequently and for long periods of time can benefit from an international health insurance plan, as MediShield Life and private health insurance plans do not offer international coverage and annual travel insurance does not provide adequate health coverage.
To choose the best international health insurance plan, you need to consider various factors such as price, benefits and geographical coverage.
First, you should keep in mind that the cheapest plan may not always be your best choice. Although health insurance can be expensive, you should consider the cost of premiums against the cost of health care in your country of residence. To fit as best as possible
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