The Singaporean healthcare system is one of the best in the world – at least according to the Bloomberg 2014 Health-Care Efficiency Index. The index, which ranked 55 countries, placed Singapore at number 2, just after Hong Kong. More recently, the Bloomberg 2017 Global Health Index named Singapore the fourth healthiest country in the world out of 163 countries.

However, efficient healthcare doesn’t always equate to affordable healthcare. Most of your healthcare costs may be financed out of pocket – and with a gross medical inflation of 10% in 2017, that amount is increasing year by year.

So what exactly are your options for financing healthcare costs in Singapore?

Healthcare schemes and subsidies in Singapore

With the myriad of schemes and subsidies available, you may only be required to pay part of your healthcare expenses if you opt for public healthcare treatment. In Singapore, there are four layers of …