Foreign worker medical insurance explained
Foreign worker medical insurance with co-insurance
Some foreign worker medical plans ask you, the employer, to pay a share of large claims. They cost less. Here is what the share is and how much it saves at Income and QBE today.
With and without the share
Neither Income nor QBE is one of our featured insurers for foreign worker medical insurance, so we rank neither: both insurers’ plans are shown, cheapest first. Every headcount · Price your own workers.
How these prices are worked out
Income’s prices are worked out from the WorkMedic rates on its own site, checked against its online funnel; QBE’s from the rate card in its June 2025 brochure. GST is included. Income charges workers aged 50 and below and aged 51 to 69 the same; QBE charges workers aged 51 and over more, by age at last birthday. QBE's optional outpatient benefit is not priced here. Shenton Brokers is an insurance broker in Singapore. Every headcount is in a CSV file, updated daily.
Questions people ask
What is co-insurance on foreign worker medical insurance?
On a plan with co-insurance, you pay 25% of admissible claims above the first S$15,000 a year, and the insurer pays the rest, up to the plan's limit.
How much does it save?
At Income, for 1 to 10 workers, Plan 1 (with the share) is S$173.31 a worker against S$248.52 for Plan 2, 30% less. At QBE, for 1 to 200 workers aged 50 and below, Platinum is S$201.11 with the option against S$223.45 without, 10% less.
Does the limit change?
At QBE, yes: with the option the brochure gives lower limits, Jubilee S$85,000 instead of S$100,000, Diamond S$60,000 instead of S$75,000, Platinum S$45,000 instead of S$60,000 a disability. Income's two plans both cover S$60,000 a year.
Which should I pick?
A plan with no share costs more each year but leaves you nothing to pay on a large hospital bill. Our value score on each page weighs the price against the limit and the share.