5 Key Medical Benefits Employees Value Most in Singapore

In order to attract and keep top talents in your company today, you will need to offer more than just an attractive salary package; staff medical benefits are also highly valued by prospective employees as a reflection of the company’s dedication towards employee welfare. These health-related perks not only improve their well-being; they also improve staff productivity and engagement at work. In this article, we will explore the top five medical benefits that employees value most in Singapore and uncover how they contribute to organisational success.

Comprehensive Health Insurance

Health insurance consistently ranks as the most valued healthcare benefit for employees in Singapore. It provides financial security by covering essential medical expenses, including outpatient care, specialist consultations, and hospitalisation costs. Employees appreciate having access to a group insurance plan that ensures high-quality treatment without significant out-of-pocket expenses.

Organisations offering comprehensive health insurance not only safeguard their employees’ physical well-being; they also demonstrate their commitment to the health and well-being of their staff. Tailored plans that include options for dependants like spouses and children can further improve employee satisfaction. In a highly competitive job market, companies that provide corporate insurance with extensive medical benefits and coverage often gain an advantage in attracting and retaining talent.

Dental and Vision Care

Dental and vision care are important components of employee medical benefits, addressing needs that general health insurance often overlooks. Routine dental check-ups and vision tests are essential for maintaining overall health, yet they can be expensive without adequate coverage.

Employees value companies that extend medical benefits for employees to include these services, as it reflects a holistic approach to well-being. Providing access to regular cleanings, orthodontics, and prescription eyewear ensures employees can maintain their personal health without spending too much. Moreover, by preventing minor issues from escalating, these benefits contribute to reduced absenteeism and improved focus at work.

Mental Health and Wellness Programmes

In the high-pressure environment of modern workplaces, mental health support is becoming indispensable. Employees now prioritise medical benefits that cater to emotional and psychological well-being. Having access to programmes like counselling services, stress management workshops, and wellness apps are particularly valued.

Promoting mental wellness is a great way of letting your employees know that you understand the everyday struggles of folks on the ground, and that you have their back. It is also a reflection of your appreciation for their value beyond professional output. This helps build a healthier and more productive workplace culture, earning you the trust and support of your employees.

Paid Sick Leave and Medical Leave

Another critical healthcare benefit is the provision of paid sick leave and medical leave. Employees appreciate knowing they will not have to face financial hardship if they need to take time off due to illness. This is especially true for long-term or severe health issues that require extended recovery periods.

By offering ample paid leave, organisations demonstrate empathy and prioritise their workforce's well-being. Such policies also discourage employees from working whilst unwell, reducing the risk of contagion in the workplace. This in turn creates a culture where employees feel supported in maintaining a healthy work-life balance.

Health Screenings and Preventive Care

Proactive health management is a growing priority amongst employees. Regular health screenings and preventive care, such as vaccinations and wellness check-ups, allow early detection of potential health issues. Employers who provide these services encourage their teams to stay proactive about their health, reducing the risk of long-term illnesses.

These healthcare benefits highlight your organisation’s dedication to fostering a healthy workforce. Preventive care also helps employers reduce future healthcare costs by addressing issues before they become severe, creating a win-win scenario for both parties.

Offering attractive staff medical benefits is no longer just an optional perk; it is now a necessity, as companies jostle to attract talented employees from a shrinking labour pool. Of the five aforementioned benefits, health insurance is arguably the most important, as all companies are actually legally required to offer it to their employees.

If this is something you are currently figuring out for your company, let Eazy Insurance simplify the process for you instead. As an insurance broker, we specialise in making complex insurance policies easy to understand and analyse, so you know exactly what you are getting out of each plan. We even have an online aggregator that helps you compare different insurance policies based on your specific search conditions, giving you all the information you need to identify the most suitable plan for you and your employees.  

For more information about tailoring medical benefits for employees to meet your organisational needs, please contact us today.