Top-up insurance: Why it’s worth it

Why your employee insurance benefits may not be enough

If you’re an Employment Pass (EP) holder, you’ve likely got health benefits through work. However, most employer-provided insurance plans have low limits. This means you could be left high and dry in the event of a medical emergency that requires hospitalisation or surgery. Often excluded in employee insurance benefits plans are coverage for maternity, dental, critical illness and any hospitalisation expenses.

Additionally, these plans may be limited in terms of coverage areas. So, if you travel outside of Singapore often, you may not be fully covered at all times under your employer-provided insurance policy.

What is top-up insurance?

Top-up insurance is a health plan that offers additional coverage where your current policy is lacking. By increasing your accident, annual and lifetime limits, top-up insurance plans offer an extra layer of protection. This can keep you free from financial burden.

For instance, your employee insurance benefits plan may cover only some of your knee surgery bill. With a top-up plan, you won’t have to pay the remaining costs out of pocket because the extended coverage will kick in when the limit of your basic plan is met.