Why We Consider Singapore For Medical Tourism

The Health standards are high in Singapore ranked 6th on WHO’s list of the countries with the best Health systems with private Hospitals equipped with top class Medical equipment famous for performing advanced and complex surgical procedures featured in world news at affordable prices. Singapore Healthcare system is yet another reason why it has witnessed a huge influx of foreign Medical tourists.

Key strengths of Singapore for Medical Tourism

  1. Healthcare institutions in Singapore have been accredited by reputable boards as good in quality than those of other counties.
  2. A Hub for best Medical practices, a Healthcare consultancy base where professionals go for training, seminars and conferences.
  3. Base for bio-medical companies’ regional headquarters
  4. Affordability in Healthcare costs than western countries
  5. A highly developed, clean and efficiently managed country as a leading financial centre and with one of the world’s busiest ports
  6. Specialized treatments with a well-developed biotechnology industry
  7. A multicultural and multiracial nation who speak English widely
  8. Tourism is well developed and much opportunity for tourism
  9. Safe and stable country with no danger of any unrest.
  10. Good weather which is warm and congenial throughout the year. The temperate is always uniform with abundant rainfall.

Information for Travelers to Singapore

       
Capital and largest city: Singapore
Other large cities: N/A
Monetary unit: Singapore dollar
Exchange rate: USD 1 = Singapore dollar 1.37
Languages: Mandarin (official) 36.3%, English (official) 29.8%, Malay (official) 11.9%, Hokkien 8.1%, Tamil (official) 4.4%, Cantonese 4.1%, Teochew 3.2%, other Indian languages 1.2%, other Chinese dialects 1.1%, other 1.1%.
International Dialling Code: + 65
Electric Plug Types:
Type C Type G Type M
2 pins 3 pins 3 pins
not grounded grounded grounded
2.5 A 13 A 15 A
almost always 220 – 240 V 220 – 240 V 220 – 240 V
socket compatible with plug type C socket compatible with plug type G socket compatible with plug type M

Health Insurance

AVIVA Health Insurance – Singapore

Website: https://www.aviva.com.sg

About AVIVA Insurance Company

Aviva Insurance made a grand entry into the Singapore market by acquiring their previous Insurance Corporation in July. Since then, Aviva has progressed tremendously and is now the third largest insurance provider in the country. It boasts of a whopping 30 percent market share.

AVIVA MyShield

AVIVA’s health insurance plan is more popular by its name ‘MyShield’, which is a Medisave-sanctioned Cohesive Shield plan that offers all-inclusive health cover. It is a huge money saver and can take care of your whole family’s health care requirements. Contrary to most hospital plans or other medical insurances, you do not have to stress about your medical history or family health history.

MyShield policy comes with a flexibility that allows you to acquire coverage for even pre-existing conditions (as per the Moratorium Underwriting and given that the indemnified doesn’t belong to class 4 occupation and has not been denied other insurance plan

The world we live in gives us a millions reasons to get sick and medical expenses can skyrocket into thousands of dollars. Health insurance steps in to offer you a safety net to combat financial burdens that could occur in the wake of health issues.

With our changing lifestyle, our deteriorating environment and the increased stress levels, our overall health is declining. Running into health issues as we get older seems inevitable. Whether it’s genetic problems, contagious diseases, the result of environmental harm, or just an unhealthy lifestyle, we need to be prepared to deal with health issues mentally, let alone worry about the financial part of it. Having a health insurance policy will reduce the mental stress of paying for treatment and lets you focus on getting better. It is wise to be prepared for medical contingencies instead of worrying about it at the worst possible time.

What is health insurance?

Health insurance is a plan provided by insurance companies that will cover you financially for expenses incurred in case you may experience health issues at any point in your life. It will cover the insured's medical and surgical expenses. You hope you never need to use it, but it’s always better to have it handy.

Health insurance requires you to pay a premium for the term you choose. You may have to pay it monthly, quarterly, bi-annually or annually. Most policies can be renewed at your request.

The Government of Singapore implemented a plan in 1984 known as the 4M framework which consists of Medisave, Medishield, Medifund and Medication Assistance Fund. To ensure that sufficient funds are saved to last a lifetime, limits are set and adjustments are made occasionally. This fund can be used to pay for hospital expenditure when needed by the individual. But in view of the increasing medical costs, people are seeking comprehensive insurance cover to be better protected. Many insurance plans available in Singapore are Medisave-approved and will enhance your coverage.

Why do you need Health Insurance?

If something unfortunate were to happen resulting in huge medical bills, without health insurance, you might have to sell off assets, borrow money from people, or be in debt that you can’t pay back. Health insurances provide a range of benefits to safeguard you from these situations. Depending on the policy you choose, some of the benefits you could avail of are listed below:

  • Cashless financial aid in case of hospitalization.
  • Reimbursement for hospital expenditure.
  • Financial cover for pre and post-hospitalization expenditure.
  • Financial cover for prolonged treatments like chemotherapy and dialysis.
  • Financial aid for emergency hospitalization.
  • Financial protection for your family’s medical expenses.
  • Medical check-ups.
  • Cover costs of medication.
  • Tax benefit.
  • Availing cash income during hospital stay.
  • Disability income.
  • Long-term care.
  • Financial aid in the case of critical illness.

Types of Health Insurance

Health insurance policies are available for self, family and groups which are employees of an organisation. Coverage offered depends on different insurance companies.

Insurance companies usually offer two types of health insurances based on payout:

  • Direct/cashless insurance – Many hospitals require you to deposit a sum of money as assurance to cover the cost of your treatment, or leave a credit card with them in order to be treated. With certain insurance plans, the insurer will stand as guarantee and you will not be required to pay any money up front. You will be required to present your insurance ID, and a request for cashless hospitalization will be initiated. The insurance company will deal directly with the hospital for any bills and documentation required and approve the request for cashless hospitalization. The total medical bill at the end of your hospitalization will be taken care of by the insurance company. The bill paid by the insurance company will not include non-medical items that were used for your care, such as bed pads, surgical gloves and so on.
  • Reimbursement insurance – Under other health insurance policies, you are required to take care of all expenses incurred at the hospital. You can file a claim for insurance, providing all related bills and documentation required, at your own cost. The insurance company will process the claim, and on approval, will reimburse you.

Types of health insurance plans available based on coverage are:

  • Hospitalisation & Surgical (H&S) Insurance – A basic insurance plan that will reimburse covered H&S costs incurred due to accidents and illnesses.
  • Catastrophic Medical Insurance – An insurance plan that covers major illnesses which usually has steep medical costs. This insurance usually covers prolonged treatment like dialysis, chemotherapy and radiation.
  • Supplemental Medical Expense Insurance – This is an additional insurance meant to enhance your coverage and supplement the main medical plan. Its coverage is more extensive range of medical-related issues.
  • Long Term Care Insurance – For cases where the insured is unable to perform the usual daily activities such as bathing, dressing, eating, using the toilet or simply moving around, a fixed monthly amount is disbursed for nursing treatment.
  • Critical Illness Insurance – Also known as Dread Disease Plan, it disburses a lump sum if the insured is diagnosed with any of the critical illnesses covered.
  • Hospital Cash Insurance – In case of hospitalisation due to an accident or illness, a daily income is paid directly to the insured to help offset regular expenses in the time that he/she is unable to earn an income.
  • This amount is usually fixed at the beginning of the policy for a limited number of days per hospitalisation.
  • Disability Income Insurance – If the insured were to become totally or partially disabled and unable to work due to an accident or illness, a portion of the regular income is replaced.

Prudential Health Insurance

Website: https://www.prudential.com.sg/

About Prudential Health Insurance

In the 21st century, people can live long and healthy lives due to the advancement of medical science. Today, medical science has a treatment for almost all kinds of illnesses and health conditions. However, these treatments are very expensive and often become a financial burden to people. Hence, it is important that people opt for a health insurance policy that can help them take care of medical expenses. Prudential Health Insurance policies provide people with the financial protection that they require against the rising cost of healthcare.

Overview of Prudential Plc

Prudential plc is one of the most trusted insurance companies in the world. Headquartered in United Kingdom, Prudential plc was founded in 1848. This insurance company has a presence in countries across the planet. In India, Hong Kong, Vietnam, Philippines, Malaysia and Singapore, the Asian division of Prudential plc is one of the top 3 insurance providers. Overall, the company has more than 13 million customers in Asian countries. For the last 84 years, Prudential has been providing a wide range of insurance products to people in Singapore. It was awarded an AA rating by Standard & Poor’s, a credit rating agency.

The wide range of insurance products offered by Prudential Singapore include Personal Accident Insurance, Health Insurance, Disability Insurance, Mortgage Protection Insurance, Medical Insurance, Life Insurance etc. Prudential Health Insurance policies offer people with the financial support needed to obtain quality healthcare service in Singapore.

Prudential Health Insurance Policies

Prudential Singapore offers the following health insurance policies:

PRUshield

It is a health insurance policy which not only offers protection against the rising cost of healthcare but also helps people in getting answers to their medical questions. Policyholders get access to PRUhealthcare assist, a unique medical helpline that provides people with vital healthcare-related information.

Features and Benefits of PRUshield:

  • It covers planned medical treatment abroad.
  • It offers special privileges to people donating or receiving an organ.
  • It covers Psychiatric Treatment (inpatient).
  • It provides both pre-hospitalisation and post-hospitalisation service up to 6 months before/after the day of surgery or hospitalisation.
  • It comes with an adjustment feature that helps the policyholder to deal with inflation in the field of healthcare.

PRUshield Extra

It is a variation of the PRUshield health insurance policy from Prudential Singapore and is only available to customers who have already purchased PRUshield A Plus/Premier. It comes with the following additional benefits:

  • It offers incentive to those who stay in a lower class ward (in a hospital) than the one they are entitled to as per their policy.
  • It provides both pre-hospitalisation and post-hospitalisation service up to 6 months before/after the day of surgery or hospitalisation for Traditional Chinese Medicine.
  • It reimburses money spent on outpatient treatment in case of emergencies.
  • It covers the purchase of Prosthesis and special appliances within 6 months of being hospitalised.

PRUshield extra lite

This policy is another variation of the PRUshield health insurance policy and offers extended coverage so that you can meet your medical expenses without any difficulty. It comes with the following additional benefits:

  • It offers a reimbursement of 50% of the amount that is deductible and provides full coverage of the Co-insurance offered with the main policy.
  • It offers incentive to those who stay in a lower class ward (in a hospital) than the one they are entitled to, as per their policy.
  • It provides ambulance fee assistance during accidents and emergencies.

Medical Cash

This is a policy that will help you take care of additional expenses or look after your family, if and when you are hospitalised. It will offer you with financial support when you are hospitalised and are faced with loss of income.

Features and Benefits of Medical Cash

  • It offers a maximum amount of $500 on a daily basis as income protection when you are hospitalised.
  • It allows you to increase the daily assured sum by 3 times when you are admitted to the ICU.
  • It offers additional benefits apart the benefits offered through existing policies.
  • It provides cash benefits to policyholders if they are hospitalized overseas due to a medical emergency.

Airlines

Jetstar Asia

IATA-Code: 3K | Website: http://www.jetstar.com/

Jetstar’s mission is to offer low fares to enable more people to fly to more places, more often. Since we launched in Australia in 2004, we’ve carried more than 250 million passengers.

We have one of the Asia Pacific’s largest low fares networks by revenue. Jetstar-branded carriers operate more than 5,000 flights a week to more than 85 destinations.

The group consists of:

  • Jetstar Airways in Australia and New Zealand, wholly owned by the Qantas Group.
  • Jetstar Asia Airways, based in Singapore and managed by Newstar Holdings, majority-owned by Singapore company Westbrook Investments (51 per cent), with the Qantas Group holding the remaining 49 per cent.
  • Jetstar Pacific Airlines, based in Vietnam and majority-owned by Vietnam Airlines with the Qantas Group holding 30 per cent.
  • Jetstar Japan, a partnership between the Qantas Group, Japan Airlines.

Silk Air

IATA-Code: MI | Website: http://www.silkair.com/

SilkAir’s pedigree as one of Asia-Pacific’s leading regional carriers began in the mid 1970s. Tradewinds Pte Ltd was formed in 1975 as the tours and travel arm of Singapore Airlines. Tasked with developing and wholesaling holiday tours, Tradewinds exclusively marketed SIA holiday packages in the early 1980s.

On 21 February 1989, Tradewinds the Airline was unveiled, catering to passengers holidaying in exotic destinations in the region, including Pattaya, Phuket, Hatyai, Kuantan and Tioman. As the carrier developed, regional business destinations such as Jakarta, Phnom Penh and Yangon were added.

On 01 April 1992, Tradewinds was renamed SilkAir. This change marked the carrier’s evolution from a holiday resort airline to a full-fledged regional carrier. The company’s Tours & Travel Division was restructured into a wholly-owned subsidiary of SilkAir, retaining the name Tradewinds Tours & Travels Pte Ltd.

SilkAir’s positioning as a premium, short-to-medium haul regional carrier gives it a unique appeal amongst leisure and business travellers in Asia. Whilst offering carefully selected meals, a full bar service and elements of inflight entertainment, SilkAir places great emphasis on providing attentive, friendly and relaxing service. The carrier’s regional flair is expressed through both its cabin crew and its cuisine – ensuring that your experience of the destination you’re heading to begins when you step onto our plane.

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