Updated: 06/28/2014 01:34

Govt incentives crucial for portable medical schemes: SNEF



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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