Health insurance for children in Singapore
Singapore is a great place to raise a family for many different reasons. In fact, it offers the best quality of life in Asia according to Mercer’s annual survey. Ranking highest for personal safety, Singapore is known for its exceptional education, healthcare, transport, and recreation. Whether you already have a family or are planning on starting one, Singapore ticks all the boxes as a place to live and bring up children.
Thanks to excellent public healthcare, Singaporeans can receive treatment for illness or injury at a reasonable cost. While the Lion City is safe, parents in Singapore still wonder if they should purchase health insurance for their children. This Pacific Prime Singapore article will discuss the reasons why health insurance for kids may be the right choice, as well as things to consider when choosing a plan.
Why should kids in Singapore have health insurance?
There are potential health risks all around us, which can lead to medical issues or emergencies in a worst-case scenario. Whether its air pollution, sun exposure or mold, environmental factors can have an impact on your child’s health. Natural and manmade disasters can also occur at any time and result in serious injuries. Aside from environmental risks and unforeseen disasters, the following categories of risks to kids are present in Singapore.
Even though Singapore is a safe place, it is still possible for injuries, illnesses and other life-threatening events to occur. Disease, for example, is an obvious threat to your child’s health. Regardless of where you go, the combination of a child’s relatively weak immune system and social interactions make them vulnerable to various illnesses. In Singapore, the ten most common pediatric medical conditions include:
- Common cold
- Bronchitis and bronchiolitis
- Stomach flu (Gastroenteritis)
- Hand, foot, and mouth disease (HFMD)
- Febrile seizures
- Allergic rhinitis (Allergies)
While conditions such as colds and constipation are not major health concerns, others like bronchitis and gastroenteritis are very serious conditions that often require medical attention. Additionally, chronic conditions like asthma can be ongoing issues that have to be dealt with long term. They also require regular medication for proper treatment.
Children aren’t just affected by the outside world. Our own genetics can also be responsible for the development of an illness. In Singapore, the most common genetic disorders include:
- Congenital heart disease
- Down syndrome
- Autistic spectrum disorder
- Muscular dystrophy
The main concern regarding genetic disorders is that most don’t have an outright cure, while the rest are manageable at best. Therefore, anyone affected by genetic disorders may have to deal with them for their whole lives. To top it off, some of these disorders significantly increase the chances of developing other health issues down the line. The medical costs of genetic disorders, along with associated conditions, can turn into a financial burden.
Parents who secure insurance for their child from birth can maintain their plan as the child gets older. However, once a diagnosis is established, many insurers will either exclude a disorder from coverage or not take on a prospective client because of the pre-existing condition.
Engaging in physical activity on a regular basis is crucial for a child’s mental and physical development, but sports and other activities may result in injury. If your child enjoys sports, engaging in high-risk activities, or is restless in general, then health insurance can be ideal for them. Common injuries among children in Singapore include:
- Burns and scalds
- Cycling accidents
- Injuries caused by sharp objects
- Injuries caused by crushing and blunt instruments
Even kids who aren’t sporty or energetic can get injured anytime, anywhere. While cuts, scrapes, and burns are common childhood injuries, accidents such as poisoning and eye injuries are more worrying.
What to consider when selecting kids’ health insurance
The type of coverage your child needs depends on your situation. When it comes to choosing a policy, it’s important to understand the benefits and exclusions. For example, some policies depend on your child’s ages and whether you plan on having more. Here are some more considerations to think about when selecting health insurance for kids.
Every expat health insurance plan in Singapore should include inpatient benefits. These benefits cover the cost of any treatments that require your child to stay in a hospital overnight, visit the ER or undergo surgery. Children are generally covered for the costs of common childhood illnesses and injuries, such as broken bones or tonsillectomy. This type of coverage is especially beneficial since these treatments can cost a substantial amount of money.
You can typically add outpatient benefits to your inpatient insurance plan by purchasing a package. These benefits cover trips to your GP or a specialist, prescribed medications, and diagnostic tests or scans. While outpatient treatments are relatively inexpensive, the costs can add up if your child often gets sick. Government polyclinics in Singapore can charge non-residents SGD 47 or more per consultation.
While vaccinations are crucial for young and newborn children, older children also require extended vaccination schedules and booster shots. Vaccinations are often included in outpatient benefits, depending on the health insurance plan you choose. In Singapore, vaccination costs can vary dramatically. Be sure to check the annual limit coverage when choosing the best plan for your needs.
Parental accommodation is another benefit that parents with young children should be aware of. This benefit covers the cost of a spare bed so you can care for your child during their stay in hospital. International health policies tend to provide parental accommodation as part of inpatient benefits.
Adding a newborn
If you’re planning on adding another member to the family, you can add newborns to your family health insurance plan without medical underwriting. Adding a newborn to your existing plan allows your child to receive immediate coverage once you fill out a form with your insurer.
Aside from offering extra protection against potentially expensive medical costs, securing a private health insurance policy for your child gives you invaluable peace of mind. Whether you are making sure your child’s healthcare needs are covered or planning for the future, Pacific Prime Singapore can help you choose the right health insurance for you and your family. Contact us for answers to any of your questions or a free price quote today.
When she’s not writing, she’s likely searching for a new restaurant or cafe to try, reading or doing yoga.
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