SGBizInsure.com

  • Home
  • Quick Quote
    • Car Insurance Quote Online
  • Our Blog
  • Contact Us

Foreign Worker Medical Insurance

6th May 2016 by SGBizInsure Leave a Comment

Effective from 1st January 2010, employers are required to put into effect a foreign worker medical insurance for each of the foreign workers you employ under the following categories:

  • Work permit including foreign domestic worker
  • S Pass holder

foreign-worker-medical-insurance-featured

This was implemented in tandem with the withdrawal of healthcare subsidies for foreigners. As an employer, you need to submit the insurance details online before the Work Permit can be issued.

What does Foreign Worker Medical Insurance cover

As an employer, you must buy and maintain medical insurance coverage of at least $15,000 per year for each Work Permit holder.

The insurance should cover inpatient care and day surgery, including hospital bills for conditions that may not be work related.

You can have a co-pay arrangement with the Work Permit holder only if all of the following are met:

  • The medical treatment is not for work-related inpatient expenses.
  • The co-pay amount is reasonable and does not exceed 10% of the worker’s monthly salary.
  • The duration co-payment does not exceed 6 months.
  • The co-payment option is explicitly in the employment contract or collective agreement and has the worker’s full consent.

MOM has specified that you cannot pass on the cost of purchasing the medical insurance to Work Permit holders.

We offer the best Foreign Worker Medical Insurance

There are many types of medical insurance in the market but we can get the best product for you.

Headcount basis to save your time

If you ever purchased foreign worker medical insurance, you know how tedious and time consuming to keep worker list up to date. Not only you need to inform the insurer for addition and deletion of workers, you have to spend countless hours processing the credit and debt invoices. Moreover, you run the danger of not covering the new worker if you forget to update the insurer.

We have a solution for you. Our product is head count basis so you can forget all about the updates.

Better terms to make the claim easier

There are insurance products with all the stringent clauses and you will have a big headache when you make a claim. Our products are different, we offer

  1. No surgical schedule imposed
  2. No exclusion of specific illness imposed
  3. No minimum number of hours required for hospital confinement

Most competitive quote

Because we handle large volume of foreign worker medical insurance for SMEs, we have negotiated very competitive premiums for you. We guarantee to beat your existing premium. don’t believe?

Contact us for a non-obligation quotation

    Your Name (required)

    Your Email (required)

    Your Contact Number (required)

    Subject

    Your Message

    Filed Under: Featured, Group Medical Insurance Tagged With: foreign worker insurance, foreign worker medical insurance

    Type your questions here…

    Categories

    • Bond Insurance
    • Featured
    • Group Medical Insurance
    • Insurance
    • Liability Insurance
    • Motor Insurance
    • Work Injury Compensation

    RSS Our recent articles

    • Work Injury Compensation Insurance and Incompatible Works
    • Does Motor Insurance Cover GrabHitch
    • What is covered under Workmen Compensation Insurance
    • Work Injury Compensation Insurance
    • Hassle free motor insurance claim with LibertyOne

    Copyright © 2021 · Agency Pro Theme on Genesis Framework · WordPress · Log in