Why Raffles Shield's High Deductible Option is Great for Working Adults?
Many employees often overlook the fact that Employee Benefit Schemes (EBS) usually include some form of medical coverage. Most employers in Singapore offer basic health insurance coverage under what is known as a Group Insurance Plan. This coverage can complement an Integrated Shield Plan (IP) employees might also be under, as is the case with the Raffles Shield High Deductible option. Before considering this option, a useful question to ask would be: Do I know what medical expenses I am covered for under my Employee Benefit Scheme? If the answer to this is no, perhaps it’s time to change that! It’s helpful to be aware of the benefits you are entitled to, as it allows you to make informed choices when selecting other insurance plans you might want to have. Employee health benefits vary with each employer, and include different claim limits and eligible benefits. Some policies’ claim limits go by admission, while others have annual limits. Check up on your company’s health pol...