Dear HR Community Subscribers,
We are wondering if we should continue to provide insurance for hospitalisation for our employees in future because:
1. Our local employees usually pay their hospital bills using Medisave and Medishied and have some form of government subsidies as well.
2. Those employees on work passes, for whom such insurance is mandatory, are causing our premiums to go up due to frequent claims.
Please advise how you reduce premiums for employees and whether you give your local employees a lump sum to purchase their own insurance.
We are a fintech company.
Thank you for your replies.
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