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Employee Medical Insurance Plans

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As an employer, you are committed to providing security and safety to your employees. Be it any kind of organization - a factory, manufacturing unit, a software firm, hospital, school, hospitality, or any other organization. Your employees’ health is surely and directly related to the productivity and culture of your organization. Owing to this and The Ministry of Manpower in Singapore’s mandate, organizations nowadays provide medical insurance plans to their employees, one that can provide a cover to the employee and well as their own and sometimes extended families. The plans are also extended to the employees who are Work Permit or S-Pass holders.   The Insurance plans are committed to providing medical coverage to individuals, employees, employers etc. The corporate care plans are tailor-made Employee benefits solutions for Small and Medium Enterprises. While the Foreign Workers Insurance plans assures timely medical help in case of hospitalization and surgeries, some of the...

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...

Health Insurance: How It Protects You

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  Health is one of the most essential aspects of our lives that has become a priority today. Nobody wants to get sick, but life is all about uncertainty and unpredictability. People always need medical care at some point of time in their life. That is why it is essential for people to take health insurance policies. Health insurance policies are highly valuable and offer many important benefits. Such policies help in maintaining your health and treating illness as well as covers accidents. Besides all these, if you will be surprised to know that such policies protect you from unexpected and high medical bills. Health Care Insurance According to some experts, people should choose health care insurance because it helps them to get free preventive care, like vaccines, some check-ups, health screenings, diagnosis, etc. Even people don’t have to pay large premium, which is an added benefit for individuals. “Health insurance provides important financial protection in case you have...

Health Insurance: Features & Advantages

  Health Insurance is very essential for people because it provides complete coverage or financial security for the medical expenses. As per the health care insurance plan, the person gets coverage for hospitalisation, screening, treatment costs, hospital as well as surgical expenses. Individuals can expect reimbursement of the acquired expenses from the insurance company. Let us see some of the features of health care insurance - Features – ·          One of the best features of Health care Insurance is that it takes care of all your medical expenses. ·          It typically covers up to 60 days pre and post hospitalisation. ·          You can enhance the primary health insurance plan as per your needs.   ·          It is available for senior citizens also.   Why Choose Health Insurance? There are ma...