Description: A lifestyle blog with financial tips, investment ideas and lifestyle recommendations for expatriates in Singapore!
Many expats in Singapore have the privilege of being covered under their company’s insurance policy. This is a great perk to have; I’ve already written posts in the past on the benefits corporate insurance brings, such as covering pre-existing and outpatient costs. But there are some aspects that people seldom think about. In this article, I will explore these here.
Clear Limits & T&Cs
This point may seem very obvious but a lot of people simply think, I have company insurance, I’m covered. This is not always the case; company policies will always have limits. Sometimes, a company may not provide certain outpatient coverage (especially dental, as this tends to be more expensive). Sometimes, the claim limit for surgery may be insufficient. For example, the most common limit I see for company hospitalisation is $15,000. I went for a very minor surgery back in 2018 that cost close to $18,000.