Employers with Existing Medical Insurance

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1. My company has existing medical insurance for all employees, including Foreign Workers (FWs). Does my company need to purchase another new insurance plan for the Work Permit (WP) and S Pass holders?

Employers with existing medical insurance plans for their WP and S Pass holders do not need to purchase a new plan as long as the existing plan meets the Ministry of Manpower (MOM)'s stipulated requirement by 1 January 2008. If the coverage provided by the existing insurance plan is inadequate, the employer will have to adjust the coverage to meet the requirement.

2. Does it matter if the employer's medical insurance coverage for his FWs comes in the form of a group plan, an individual plan or as a rider/add-on to another type of insurance?

All forms of insurance directly financed by the employer are acceptable, as long as the coverage meets MOM's requirement.

3. Would a medical insurance plan with total sub-limits for inpatient care and/or day surgery meet MOM's requirement?

A medical insurance with total sub-limits for inpatient care and day surgery respectively would meet MOM's requirement if each sub-limit is at least equivalent to $5,000 a year.

4. Would a medical insurance plan with daily sub-limits for inpatient care and/or day surgery meet MOM's requirement?

A medical insurance with daily sub-limits for inpatient care and/or day surgery would meet MOM's requirement if the total claims can still be made up to the overall benefit limit of at least $5,000 a year.

5. What should an employer do if he/she is unclear if the medical insurance plan for the FW/FDW meets MOM's requirement?

MOM would consider the medical insurance plan to have met the requirement if it includes a clause specifying that that underwriter/insurance company guarantees that the benefits of the insurance coverage will not be worse than MOM's requirement.

Last updated on 13 Sep 2007 10:28:04