Choosing the Best Foreign Worker Medical Insurance (FWMI) in Singapore: Key Factors and Coverage Options for Employers

In Singapore, the Ministry of Manpower (MOM) requires employers to provide medical insurance for their foreign workers on Work Permits or S Passes. This mandate applies to workers across various sectors, including construction, manufacturing, marine, and services. The coverage must include hospitalization and medical treatment for non-work-related illnesses or injuries. This requirement is distinct from the Work Injury Compensation Insurance (WICA), which covers work-related injuries or diseases. The insurance provided to foreign workers is commonly known as Foreign Worker Medical Insurance (FWMI).

 

Coverage Requirements

Employers must purchase and maintain medical insurance with a minimum coverage of $60,000 per year for each worker. This coverage must include inpatient hospitalization and day surgery for non-work-related medical conditions.

Additionally, employers are required to contribute 25% as co-payment for claim amounts exceeding $15,000. Before the MOM can issue a Work Permit or S Pass, employers must submit insurance details online to ensure compliance.

Key Features to Look for in a FWMI Policy

When selecting a Foreign Worker Medical Insurance plan, here are some essential features to consider:

• Pre-existing Conditions: While coverage for pre-existing conditions is not mandatory, many insurers do offer this as part of their plans.
• Outpatient Coverage: Outpatient treatment is typically excluded from FWMI plans. However, some insurers offer additional coverage for outpatient treatments such as cancer or kidney dialysis, so it’s worth exploring options for these specific needs.
• Comprehensive Coverage: Most policies focus on inpatient treatment, but some plans extend coverage to both inpatient and outpatient services.
• Letter of Guarantee (LOG):  Is a document issued by an insurance company direct to the hospital. It serves as a written assurance that the insurer will cover the costs of medical treatment for a patient under the terms of the patient's policy.

Finding the Right Plan: Best Value and Coverage

Cheapest Premiums: Insurers like Income and Raffles offer some of the most affordable plans with 25% co-insurance. For plans without co-payment, QBE tends to have the most competitive pricing with the most comprehensive coverage. For larger groups (over 50 workers), you may be able to negotiate even better rates with the insurer.

Best Coverage: QBE stands out for offering the most comprehensive coverage. Their policy provides $60,000 per disability (not an annual limit), along with coverage for outpatient treatments such as kidney dialysis, cancer treatment, and emergency outpatient care—features not commonly included in standard plans.

Hassle-Free Policy Purchase: For a smoother experience, both Income and QBE allow employers to generate policies quickly, often within the same day, and update the MOM’s records accordingly. QBE also simplifies administration by offering a headcount-based policy, meaning you don't need to submit detailed employee listings, making it easier to manage, especially for companies with fluctuating staff sizes.

Letter of Guarantee (LOG) Facility: Currently only QBE and Raffles provide this facility. However, do note that from 1^st July 2025, all Insurers are required to reimburse hospitals directly upon the admissibility of the claim. LOG provides reassurance that their medical expenses will be covered, reducing the need for them to pay out-of-pocket upfront.

Why Choose Us for Your Foreign Worker Medical Insurance (FWMI) Needs?

At eazy, we understand the complexities of meeting MOM’s Foreign Worker Medical Insurance (FWMI) requirements while ensuring the health and well-being of your workforce. Our tailored FWMI solutions offer comprehensive coverage, competitive premiums, and exceptional customer service. Whether you're looking for fast policy issuance, flexible plans with enhanced coverage options, or a hassle-free experience managing your workers' insurance needs, we’re here to help.

Table comparison of popular plans among insurers (Updated 13/11/2024) 

With 25% Co-insurance for claim amounts above $15,000

With no Co-insurance