Best Health Insurance Company- Raffles Health Insurance

  What is Singapore's secret to such an efficient health system? The healthcare system is funded in a way that increases awareness of the cost of healthcare among the population. In Singapore, each person saves a certain amount of their salary every month to participate in financing the medical expenses that they will encounter during their lifetime. The unused savings in the account generate interest. This system aims to avoid the overuse of medical care/treatment. The state of Singapore covers the majority of the healthcare costs of its citizens in the form of subsidies within public health institutions, often covering up to 80% of costs. The Singaporean health system is organized around the ‘3M’:  Medisave, MediShield, and Medifund. It also allows for flexibility in the choice between the public and private sectors. Private medical insurance refers to any medical insurance coverage offered by a private entity instead of a state or federal government. Insurance broke...

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...

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...