The new requirement is to help such employers cover larger bills and minimise their out-of-pocket expenses as medical costs rise. - ST
SINGAPORE (The Straits Times/Asia News Network): From July 1, employers of work permit and S Pass holders will need to provide their workers higher medical insurance coverage with an annual claim limit of at least S$60,000, up from the current $15,000.
This new requirement, which also applies to domestic helpers, is to help employers cover larger bills and minimise their out-of-pocket expenses as medical costs rise, said the Ministry of Manpower (MOM) on Friday (March 31), highlighting that more than 5 per cent of foreign workers’ medical bills exceed the current $15,000 coverage limit.