Singaporeans are known to enjoy high-quality healthcare and live long lives–beating the global life expectancy average by over 12 years. The country ranks number one out of 188 nations in the United Nations' health goal rankings. However, this exceptional quality of medical care also comes at a high price—Singapore citizens pay the greatest amount in dollars for out-of-pocket expenditure compared to the other 12 top economies in APAC. To alleviate some of your financial burden, we discuss 3 ways to reduce your healthcare costs below.

Choose an Appropriate Health Insurance for Your Needs

Health insurance helps you pay for your medical expenses when you fall ill, get injured, or become disabled. All Singaporeans are covered under MediShield Life, a mandatory government health plan to cover large medical expenses. However, given the low premium fees, MediShield Life benefits are correspondingly basic. Payouts are pegged to prices for Class B2 and C wards in public hospitals; so be...