Hospital bills in Singapore are constantly on the rise. Medisave Approved Integrated Insurance Plan is no longer a luxury but a necessary component of anyone’s financial health. It is very affordable and covers high sum assured.

However, if you are a foreigner working or living here, being a student, working expatriate or dependent of a Singaporean or PR, a large medical bill can create an overwhelming financial strain on you. Even if you are willing to purchase a medical insurance, the cost is normally much higher.

The good news is that effective from February 15, 2012, AIA HealthShield Gold Max, one of the popular integrated plan,  is now open to foreigners at a slightly higher but affordable premium.

You can apply if you are holding one of the following valid passes:

1. Employment Pass
2. Personalised Employment Pass
3. Entre Pass
4. S Pass
5. Dependent Pass
6. Student Pass or
7. Selected Categories of Long Term Visit Pass.

About the Author

Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
The views and opinions expressed in this article are those of the author. This does not reflect the official position of any agency, organization, employer or company. Refer to full disclaimers here.

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