Singapore’s growing regional and mobile workforce will benefit from international medical plans, according to Mercer Marsh Benefits
International medical plans meet growing need of employees looking to reduce out-of-pocket exposure
Of the companies surveyed in the 2019 Singapore Health and Benefits International Medical Study, 94% bear the full premium costs for employee coverage on a compulsory basis with international medical plans. More than 97% of these plans provide dependent coverage with benefit limits equal to that of the employee plans, while all companies (100%) provide inpatient benefits and 98% of companies provide outpatient benefits.
International medical plans can also provide both essential and comprehensive coverage to people residing and working outside their home countries. Plan benefits are usually designed to provide extra coverage with minimum out-of-pocket exposure. These include: