COVID-19 add-on plans can satisfy MOM’s latest maid guidelines, but first check that you require one before purchase.
From 1 January 2021, all incoming foreign domestic workers (FDWs) will need to have insurance coverage against COVID-19.
According to MOM’s guidelines, your FDW must have insurance that ‘covers at least $10,000 for medical expenses if the FDW develops COVID-19 symptoms or tests positive within 14 days of arrival in Singapore’.
Since maid insurance plans already come with medical cover, would you need to purchase additional COVID-19 insurance for your domestic worker? What’s the best way to do that, and how much does it cost?
You may not need to purchase COVID-19 insurance for your maid
The vast majority of maid insurance plans already have medical coverage, with many meeting or exceeding the $10,000 requirement.
Thus, if you already have a maid insurance plan that also covers medical fees arising from COVID-19, you may skip the COVID-19 insurance and save the money for something else.
But you may want to, anyway
Some insurers have launched add-on COVID-19 plans, offering added cover at an extra premium.
These COVID-19 add-on plans provide a separate medical benefit that is distinct from the medical benefit already included in the main plan.
In other words, you’ll gain an additional pool of funds to cover hospitalisation and treatment costs should your FDW be tested positive for COVID-19.
Add on COVID-19 benefit or make do with included medical benefit?
So it seems that employers seeking to hire FDWs have a choice to make.
Should you spend more money to purchase a COVID-19 add-on, or simply go with the medical benefit that comes with the maid insurance plan (provided the cover is at least $10,000)?
The following table provides a quick comparison.
Included medical benefit
Costs extra money
No added costs
Provides extra funds for treatment and hospitalisation for COVID-19
No extra funds for COVID-19, entire benefit have to last the policy year
May be restricted – claimable only for COVID-19 infection found within 14-day quarantine period
Claimable for medical treatment and hospitalisation costs arising from a wide range of conditions and diseases (may not include pre-existing conditions)
Can be added to existing plan
Only accessible with new plan
To sum up, you should purchase the add-on if you wish to have extra funds for COVID-19 treatment.
Employers with existing maid insurance plans (perhaps transferred from a previous maid) may also want to purchase an add-on, instead of purchasing a new plan entirely.
It’s not explicitly advertised but MSIG also offers add-on COVID-19 medical benefits for your maid. The coverage is worth $30,000 and costs $64.20 for up to 26 months.
There’s no 14-month plan available for this add-on.
SingSaver Exclusive Promotion: Get 20% off and S$20 via PayNow when you apply. For Classic and Premier plans, your helper can enjoy a free medical checkup from MSIG. Valid till 31 March 2023. T&Cs apply.
Premiums shown exclude COVID-19 cover. For applications including COVID-19 cover, prices start from S$331.70 (before discount).
TIQ’s maid insurance policy offers a 14-day COVID-19 cover that provides a $15,000 benefit for hospitalisation and surgical expenses. It is available at an add-on cost of $52 for both 14-month and 26-month plans.
Although this is among the cheapest options we found, do note that the additional benefit is also on the lower end of the scale.
SingSaver Exclusive Offer: Use the promo code TIQSINGSAVER to enjoy 10% off and up to S$45via PayNow when you apply (fulfillment by Etiqa). COVID-19 coverage for your helper is available as an optional rider for S$52 (incl. GST). Valid till 31 March 2023. T&Cs apply.
Note: This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that are not suitable for you may impact your ability to finance your future healthcare needs.
If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.
An ex-Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimise happiness and enjoyment in his life.