Govt incentives crucial for portable medical schemes: SNEF
The Singapore National Employers Federation, SNEF, says government incentives will be crucial for employers to restructure their company-bound medical benefit schemes into portable schemes to ride on MediShield Life.
In a statement, the federation acknowleges that the recommendations made by the MediShield Life Review Committee are a major breakthrough in resolving the three main impediments for both employers and employees to convert a company-bound medical benefit scheme to a portable one.
It says they would make medical costs more predictable for employers.
And workers would get better coverage when they happen to be in between jobs and after retirement.
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