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The annual premium is fixed based on the age of the person and increases as the Insured person ages. However, there may be premium variations based on certain factors. These factors can include the type of scheme, adjustments for medical inflation, claim profile (for individually rated plans) or due to changes made at the time of renewal. read more

It is possible to have for every person a different policy and also at a different insurance company. In some cases, for the male one policy might work better and for the female, another insurance company might offer better benefits such as the maternity package in their policy. Having it all at one sometimes has practical benefits though and may also provide an opportunity to avail of discounts on the additional policies.

You will need to declare this information to the insurer, in some cases your existing illness will not be covered if there is a continuing need for treatment or will be covered only after a waiting period. Please check out specific terms in the policy wording of the insurers or give us a call if you have doubts.

For most insurers, it is sufficient to give details of your medical history on your application form. There may be more waiting periods for certain benefits under the plan. Examples of these are not only pre-existing conditions, but also include maternity benefits, inpatient psychiatric treatment etc. Kindly review your policy schedule and take note of this.

In the case of community rated plans, additional premiums would not be charged upon renewal even if claims are high. However, where the insured persons are rated individually, the renewal premium may vary. Therefore, kindly take note of how the plans are rated. For a better understanding have a read of this article “International Health Insurance: How is it priced?”.

Co-Insurance is the percentage you can select when you fine-tune your policy. It is the percentage of costs of a covered health care service you pay yourself (for example 20%) after you've paid your deductible (if you have selected that). The remainder will be paid by the insurance company (80% in this example).

insurance company (80% in this example). A Deductible is the amount that you pay for covered health care services before your insurance plan starts to pay. If you have opted for a S$5,000 deductible, you have to pay the first S$5,000 of covered services yourself if the service goes over the S$5,000 limit then the insurance company pays the remainder. On Insurance Market, you can select the amount of Deductible. Do take note that the amounts change per insurance company. If you also have opted for co-insurance, then you pay after your deductible the percentage co-insurance for the covered services.

Check the “FAQ” Tab in the page menu for more Expat Health Insurance related FAQ’s or give us a call on our help line!

There are also many Health Insurance related articles in our Articles section in the menu at the top of the page.