Any individual coming into Singapore with an Employment Pass will typically be covered by an employee medical insurance provided by their employer. Employers understand that an employee benefit focused health insurance is a necessary step towards attracting and retaining top talent in today’s market.
However, this may not be the case for every company you work for. At times, employee medical insurance plans offered to expats are at best minimal – covering only basic emergency and hospitalisation bills. Here at Expat Insurance, we can aid you in acquiring a ‘top-up’ to your existing personal or employee medical insurance policy to ensure that you are comprehensively covered. When you are living and working in one of the most expensive cities in the world, you need to be sure that you are prepared for healthcare accessibility. If you have any questions, contact our team so that they can help you.
How Do I Supplement My Employee or Individual Medical Insurance?
It’s pretty simple. All you have to do is to make an appointment and bring your current health and wellness related insurance policies into our office in Singapore. When you schedule an appointment with us, our team will talk to you to get a sense of your needs as an individual or with your family. Whether you are holding an employee benefit focused health insurance or an individual policy, we will assess the gaps (if there are any) between what is provided currently and what you would like to be covered for in the future. From then on, we can then process the information and tap on our extensive network of providers to come up with options in health insurance top-up schemes that are tailored to best suit your needs.
How Does My Health & Wellness Top-Up Work In Tandem With My Insurance in Singapore?
The best case scenario would be to get your top-up plan to work in tandem with the current health insurance plan you have. This usually works by adding increments to the existing parts of your premium plan. For instance, assuming you already have your health and wellness plans sorted out with an insurance policy in Singapore, you can top-up with an accident cover. Additionally, this would be a good time for you to consider bolstering your annual as well as lifetime limits on your health insurance. Sometimes, there are options available for you to add on optical and dental cover.
Oftentimes, adding a top-up to your employee or personal medical insurance is dependent on what aspects you feel are necessary to supplement. Another possibility is to look at whether you are able to increase or decrease some of the deductible options available to you. A deductible is a sum of money that you pay upfront as the insurance provider covers the rest. For instance, you may be in good health and feel that there is little need for a low deductible on your hospital admissions. In this case, you may opt for a higher deductible upon admission into hospital in exchange for a reduction in your annual limits for dental.
These are simply a few case scenarios but top-up plans and deductibles would vary depending on the health and wellness needs of your and your family. It also depends on the health insurance policies you already have in place in Singapore. Let our team know today for a discussion.
I Already Have An Employee And Personal Medical Insurance. Do I Need Top-Up Insurance?
Topping up your existing premiums on either your employee benefit or personal health insurance is an option that Expat Insurance offers to enable greater choice and flexibility in your coverage. We aim to ensure that the health and wellness of our clients are protected by an insurance policy that suits them and is tailored to their specific needs and requirements in Singapore.
We understand that healthcare accessibility is a big financial commitment in Singapore. Thus, we are committed to providing an array of choices available to cater to international professionals living and working here.
If you own either an employee or personal medical insurance, we urge you to evaluate the coverage you have to assess if there are any gaps that you would like to fill. Planning to top-up to strengthen your current insurance policy? Give us a call today to set up an appointment.
