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Deductible Coverage – A Smart Way to Lower Premiums
Understand how deductibles can make your international health insurance more cost-effective.
If you're shopping for expat health insurance, you've likely come across the term “deductible.” While it may sound technical, understanding how deductibles work can help you lower your insurance premiums without compromising on essential coverage.
At InterExpat, we help expatriates in Singapore and across the region choose the right deductible amount based on their health profile, lifestyle, and financial goals.
Expert Advice for Your Health Insurance Journey
Finding the right health insurance can be overwhelming. Let our licensed advisors guide you through the process with unbiased advice. We partner with multiple top-tier insurers to give you more choice and the best coverage suited to your needs.
What Is a Deductible?
A deductible is the amount you agree to pay out of pocket each policy year before the insurance company starts covering your eligible medical expenses.
For example:
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Your annual deductible: S$1,000
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Your hospital bill: S$8,000
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You pay the first S$1,000
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The insurer reimburses the remaining S$7,000
Deductibles apply per person per year, and are most commonly used for inpatient and hospitalisation benefits.
Why Choose a Plan With a Deductible?
Opting for a higher deductible can significantly reduce your premium. It’s a great option if you:
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Are generally healthy and want to insure against major events
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Don’t need to claim often
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Prefer lower monthly costs and can manage some out-of-pocket payments
Some expats combine a deductible for hospitalisation with full outpatient coverage to strike a balance between savings and day-to-day care access.
Key Considerations for Expats
Before choosing your deductible level, consider:
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How much are you comfortable paying upfront if you fall ill?
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Does your employer reimburse medical expenses?
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Will the deductible apply to emergency care, or is it waived?
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Is the deductible per condition, per year, or per person?
Plans from providers like April International and Now Health allow you to customise your deductible—ranging from S$0 to over S$5,000.
Let’s Find the Right Balance
Choosing the right deductible helps you optimise your insurance costs without compromising on peace of mind.
