Singapore residents are facing a double whammy: rising dental care costs and stagnant dental benefits. This can lead to a significant financial burden, especially for those who require regular dental checkups or complex procedures.
Here’s a quick rundown of the situation:
- Dental costs have been on the rise in Singapore, with the Consumer Price Index (CPI) for dental services increasing by nearly 7.5% from 2019 to 2023.
- Many employer-provided dental benefits haven’t kept pace with this inflation, leaving workers to cover more out-of-pocket expenses.
- Some Singaporeans are even crossing the border to Johor Bahru, Malaysia, for cheaper dental care.
This is where dental coverage in your company’s group insurance can play a crucial role. Here’s how MAKinsure can help:
- Reduced financial burden on employees: Comprehensive dental coverage in your company’s employee benefits plan can help to cover a significant portion of your employees’ dental care costs, allowing them to seek treatment at first instance.
- Wider range of treatment options: With adequate dental coverage, employees are less likely to postpone or forego necessary dental procedures due to cost concerns. This can help prevent small issues from turning into major problems down the line.
- Increased productivity: Good oral health can lead to fewer sick days and a healthier, more productive workforce.
- Competitive advantage: Offering comprehensive dental benefits can help attract and retain top talent in a competitive job market.
Contact MAKinsure today to explore the different group insurance options available and safeguard your employees’ health and well-being.