The Ministry of Manpower will require employers to purchase and maintain insurance for the medical expenses of foreign workers from 1 January 2008. This requirement is being implemented in tandem with the withdrawal of healthcare subsidies for foreigners, which was previously announced by the Ministry of Health.
The requirement will apply to:
· All new and existing foreign workers on Work Permit or S Pass from 1 January 2008.
· All new foreign domestic workers and existing foreign domestic workers when employers renew their Work Permits, from 1 January 2008.
The Medical Insurance Requirement coverage must be at least $5,000 a year for each worker's inpatient care and day surgery during his/her stays in Singapore. The coverage amount is set at a basic level, and will be sufficient to cover nine out of every ten hospital bills for foreign workers, based on statistics from the Ministry of Health.
The requirement to purchase and maintain medical insurance will be included as a condition of a Work Permit or S Pass. This is in line with the employers' existing responsibility for the upkeep and maintenance of their foreign workers, including the provision of medical treatment.
AAIS has negotiated a with the American Insurance Agency (AIA) to offer the aerospace industry with an attractive package, competitive to the current market offering. (To view other insurer's quotes. click here, please note the extend of coverage.)
The AAIS - AIA Foreign Workers' Insurance Scheme
Product Information:
BENEFITS PER DISABILITY IN S$ FOR EACH INSURED MEMBER
INPATIENT BENEFITS
1a. Daily room and Board - $170.00
(Maximum 120 days)
Accommodation charges during hospital confinement
1b. Daily Intensive Care Unit - $510.00
(Maximum 30 days)
ICU charges during hospital confinement
2. Hospital Miscellaneous Services - $1500.00
(Including implants)
Expenses incurred during a Hospital Confinement excluding accommodation, surgeons' and in hospital doctors' attendance fee
3. Surgical Fee - $3,000.00
Surgeons' fee, subject to surgical schedule for admission in private hospitals.
4. Daily In - Hospital doctors' visit - $50.00
(maximum 120 days)
Doctor's attendance fee during Hospital confinement
OUTPATIENT BENEFITS
5. Pre-& Post hospitalisation Specialists' - $400.00
Consultation, Diagnostic, X-Ray and Lab Fees
Expenses incurred 90 Days prior to admission and 90 Days after discharge
EXTENDED HOSPITAL AND SURGICAL BENEFITS
6. Overseas Hospitalisation ~ 150% of GHS benefits~
due to accident
Maximum for disability, items 1 to 4 only.
7. Singapore Government/ Rest. Hospital -$5000.00
Lump Sum Benefit overall limit excluding Room and Board/ICU
Expenses incurred during hospital confinement excluding Room and Board/ICU provided admission is within the limit of item (1a)
DEATH BENEFIT
8. Natural/Accidental Death - $3000.00
BASIS OF COVER
All foreign workers
GROSS ANNUAL PREMIUM RATE
$88.00 (*10% discount for AAIS members)
SPECIAL TERMS AND CONDITIONS
1. Eligibility for coverage: Last entry age 64, renewable to age 70.
2. Pre-existing conditions: Not waived.
Note:
1. We reserved the rights to modify/ withdraw our quotations if there is any material change in underwriting information.
2. GST is not a Medical Expense and not claimable.
3. Duration of coverage is for 1 year.
4. Period of validity is 60 days from date proposed.
5. Free look is not applicable
6. Premium rate is not guaranteed and is subjected to claim experience
7. Renewals are not guaranteed.
