I have often been asked by consumers to indicate which is the best health insurance plan to buy.
This question is impossible to answer, without a proper study of the consumer's needs and the willingness to pay the premium. A good policy with better coverage must cost more than one with a modest coverage.
Furthermore, there are more than 50 different types of health insurance plan available in Singapore.
This article explains the problem of trying to find "the best plan". Link.
Some of the policies are ridiculous in offering coverage that is not applicable and denying compensation for coverage for treatment that are needed.
The article was written in the context of Australia but similar problems and issues arise in Singapore.
This question is impossible to answer, without a proper study of the consumer's needs and the willingness to pay the premium. A good policy with better coverage must cost more than one with a modest coverage.
Furthermore, there are more than 50 different types of health insurance plan available in Singapore.
This article explains the problem of trying to find "the best plan". Link.
Some of the policies are ridiculous in offering coverage that is not applicable and denying compensation for coverage for treatment that are needed.
The article was written in the context of Australia but similar problems and issues arise in Singapore.
Read it and understand what these issues are. Be careful about selecting your own policy. You should get the advice of the insurance adviser, but they might be conflicted in giving you the advise, as their commission is based on the premium that you have to pay.
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