Singapore offers universal healthcare, which is financed via a combination of government subsidies and obligatory payments from businesses and workers. Citizens and residents must join in MediShield Life, a national basic health care insurance plan that covers major hospitalization and certain outpatient expenses. While the government subsidizes premiums and the expenses of some treatments, there is an annual deductible of between SGD 1,500 and SGD 3,000, as well as co-payments ranging from 3% to 10%.
Most executives seek additional health and life insurance, although a small business may provide a stipend in place of obtaining insurance. Executives working for US technology firms in Singapore often seek stock options.