Introduction of Employer-Financed Medical Insurance Requirement for Foreign Workers
The Ministry of Manpower will require employers to purchase and maintain insurance for the medical expenses of foreign workers from 1 January 2008. This requirement is being implemented in tandem with the withdrawal of healthcare subsidies for foreigners , which was previously announced by the Ministry of Health. The requirement will apply to:
- All new and existing foreign workers on Work Permit or S Pass from 1 January 2008.
- All new foreign domestic workers, and existing foreign domestic workers when employers renew their Work Permits, from 1 January 2008.
Medical Insurance Requirement
2. The coverage must be at least $5,000 a year for each worker's inpatient care and day surgery during his/her stay in Singapore. The coverage amount is set at a basic level, and will be sufficient to cover nine out of every ten hospital bills for foreign workers, based on statistics from the Ministry of Health.
3. The requirement to purchase and maintain medical insurance will be included as a condition of a Work Permit or S Pass. This is in line with the employers' existing responsibility for the upkeep and maintenance of their foreign workers, including the provision of medical treatment.
Medical Insurance Plans
4. To help employers meet the medical insurance requirement, MOM has worked with insurers to make available suitable plans. Employers may consider purchasing insurance plans from NTUC Income Insurance Co-Operative Ltd, Great Eastern Life Assurance Co Ltd, or Overseas Assurance Corporation Ltd (as indicated below). These insurers have responded to MOM's Request for Proposal exercise with competitive plans. Employers may also choose other plans offered by any insurer, so long as it meets the coverage criteria.
Available plans for foreign workers:
- Medical Insurance Scheme for Foreign Workers, by NTUC Income Insurance Co-operative Ltd (from as low as $58 per 12-month policy period)
- Foreign Workers Group Hospital and Surgical Plan, by Great Eastern Life Assurance Co Ltd (from as low as $80 per 12-month policy period)
Available plans for foreign domestic workers:
- Medical Insurance Scheme for Foreign Domestic Workers, by NTUC Income Insurance Co- operative Ltd (from as low as $120 per 26-month policy period)*
- OAC Maid Supreme, by Overseas Assurance Corporation Ltd (from as low as $110 per 26-month policy period)
5. Further details on the medical insurance requirement will be sent to employers of foreign workers and foreign domestic workers. More information is also available on the Ministry's website or call call MOM Contact Centre at (65) 6438 5122.
(* Note: See Annex A for details. These are indicative prices, and direct comparisons are not meaningful because of different product features. Employers can contact the insurers for a detailed quotation.)
Annex A
AVAILABLE INSURANCE PLANS FOR EMPLOYERS OF FOREIGN WORKERS
(MOM's requirements are in Bold Italics - employers are free to decide on the other parameters, which could lower premium costs)
A. Medical Insurance Scheme for Foreign Workers
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Name of Insurance Company
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:
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NTUC Income Insurance Co-Operative Ltd
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Premium Rates
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:
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a) $75 to $125 - No co-insurance/deductible
b) $58 to $97 - Subject to 10% co-insurance or $500 deductible, whichever higher
(Rates are before GST, and are per 12 month policy period.)
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Maximum Limit
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:
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$5000 per year for a) and b)
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Benefits
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:
:
:
:
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Inpatient Care
Day Surgery
Surgery
90 Days Pre- and 90 Days Post-Hospitalisation Diagnostic Services and Treatment
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Available Riders
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:
:
:
:
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Specialist Outpatient Care
Increase in Benefit Limit, up to an additional $5,000
Funeral Expense of up to $3,000
Critical Illness of up to $10,000 per policy year
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Useful Information
Product Hotline
Email
Website
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:
:
:
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(65) 6332 1133 (available 24 hours, 7 days a week)
gh@income.com.sg
www.income.com.sg
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Note:
1. The premium rates above are for general information and are non-guaranteed.
2. The above are subject to other terms and conditions as may be specified by NTUC Income Insurance Co-Operative Ltd.
3. For any enquiries or quotation, please contact NTUC Income Insurance Co-Operative Ltd.
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B. Foreign Workers Group Hospital and Surgical Plan
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Name of Insurance Company
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:
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Great Eastern Life Assurance Co Ltd
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Premium Rates
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:
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$80 to $110 – No co-insurance/ deductible
(Rates are before GST, and are per 12 month policy period.)
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Maximum Limit
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:
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$5,000 per year
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Benefits
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:
:
:
:
:
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Inpatient Care
Day Surgery
Surgery
90 Days Pre- and 90 Days Post-Hospitalisation Diagnostic Services and Treatment
Funeral Expenses of $3000
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Available Riders
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:
:
:
:
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Specialist Outpatient Care
Outpatient Kidney Dialysis and Cancer Treatment
Variations in Benefit Limit, Co-insurance or Deductibles
Per Disability Limits
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Useful Information
Hotline
Fax
Email
Website
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:
:
:
:
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(65) 6248 2456 (Mon-Fri, 9am – 5pm)
(65) 6532 3478
groupinsfeedback@Lifeisgreat.com.sg
www.lifeisgreat.com.sg
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Note:
1. The premium rates above are indicative and for general information. They are non-guaranteed.
2. The above are subject to other terms and conditions as may be specified by Great Eastern Life Assurance Co Ltd.
3. For any enquiries or quotation, please contact Great Eastern Life Assurance Co Ltd.
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AVAILABLE INSURANCE PLANS FOR EMPLOYERS OF FOREIGN DOMESTIC WORKERS
(MOM's requirements are in Bold Italics - employers are free to decide on the other parameters, which could lower premium costs)
A. Medical Insurance Scheme for Foreign Domestic Workers
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Name of Insurance Company
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NTUC Income Insurance Co-Operative Ltd
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Premium Rates
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From $120 (inclusive of GST), per 26-month policy period
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Maximum Limit
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:
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$5,000 per year
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Co-insurance/ Deductible
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:
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Nil
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Benefits
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:
:
:
|
Inpatient Care
Day Surgery
90 Days Pre- and 90 Days Post-Hospitalisation Diagnostic Services and Treatment
|
|
Available Riders
|
:
:
:
:
|
Specialist Outpatient Care
Increase in Benefit Limit, up to an additional $5000
Funeral Expense of up to $3,000
Critical Illness of up to $10,000 per policy year
|
|
Useful Information
Product Hotline
Email
Website
|
:
:
:
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(65) 6332 1133 (available 24 hours, 7 days a week)
gh@income.com.sg
www.income.com.sg
|
|
Note:
1. The premium rates provided above are for general information and are non-guaranteed.
2. The above are subject to other terms and conditions as may be specified by NTUC Income Insurance Co-Operative Ltd.
3. For any enquiries or quotation, please contact NTUC Income Insurance Co-Operative Ltd.
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B. OAC Maid Supreme
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Name of Insurance Company
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:
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Overseas Assurance Corporation Ltd
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Premium Rates
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:
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$110 (inclusive of GST), per 26-month policy period
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Maximum Limit
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:
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$5,000 per year
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Co-insurance/ Deductible
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Nil
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Benefits
|
:
:
:
:
|
Inpatient Care
Day Surgery
Surgery
90 Days Pre- and 90 Days Post-Hospitalisation Diagnostic Services and Treatment
|
|
Useful Information
Hotline
Fax
Email
Website
|
:
:
:
:
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(65) 6248 2608 (Mon-Fri, 9am – 5pm)
(65) 6327 3012
general@oac.com.sg
www.lifeisgreat.com.sg
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Note :
1. The premium rates provided above are indicative and for general information. They are non-guaranteed.
2. The above are subject to other terms and conditions as may be specified by Overseas Assurance Corporation Ltd.
3. Other plans are available. For any enquiries or quotation, please contact Overseas Assurance Corporation Ltd.
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