Health Insurance Guide for Foreign Workers in Singapore
Foreign workers play an important role in Singapore’s economy, particularly in sectors such as construction, manufacturing, shipyards, and domestic work. These workers typically hold a Work Permit issued by the Ministry of Manpower (MOM) and are subject to specific employment regulations, including mandatory health insurance coverage.
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Updated Health Insurance Requirements
As of July 1, 2023, the Ministry of Manpower (MOM) requires employers to provide a minimum annual health insurance coverage of S$60,000 for each Work Permit and S Pass holder. This marks a significant increase from the previous S$15,000 requirement.
Source:Â Ministry of Manpower
The insurance must cover inpatient care and day surgeries, including treatments for non-work-related conditions. Employers are fully responsible for the cost of this insurance and are prohibited from passing any portion of the premium to their workers.
Implications for Employers
Employers must ensure their insurance policies meet or exceed the S$60,000 coverage requirement. Additionally, they are required to submit insurance details online to MOM before the issuance or renewal of Work Permits or S Passes.
Failure to comply with these regulations can result in penalties, including fines or the revocation of hiring privileges for foreign workers.
Coverage Limitations and Considerations
While the mandated insurance provides significant medical coverage, it primarily focuses on inpatient care and day surgeries. Outpatient treatments, such as general practitioner visits and medications, are typically not covered. Employers may consider offering additional insurance benefits to cover these aspects, ensuring more comprehensive healthcare support for their workers.
Improving Healthcare Access for Foreign Workers
Despite having mandatory insurance, many foreign workers face difficulties in accessing healthcare due to financial constraints, language barriers, and a lack of health awareness. Employers can support their workers by clearly explaining available medical benefits and how to use them. Providing regular health education sessions and translated materials can enhance communication and improve overall health outcomes.
Find a Trusted Financial Consultant For Your Health Insurance Needs
Managing health insurance for foreign workers in Singapore requires a thorough understanding of current regulations and a commitment to employee welfare. By ensuring compliance with updated insurance requirements and promoting an environment of transparency and support, employers can contribute to the well-being of their workforce and the broader community.
If you need assistance exploring health insurance requirements for foreign workers, contact us to connect with a trusted financial consultant.
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This article is informative only and is not intended to be a substitute for professional medical advice, diagnosis, or treatment, and should never be relied upon for specific medical advice.