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The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.
A Health Reimbursement Arrangement, also known as a Health Reimbursement Account (HRA), [1] is a type of US employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses and, in limited cases, to pay for health insurance plan premiums.
In addition, the government provides subsidies for the medical expenses of citizens and permanent residents who receive treatment in public hospitals. Singapore generally has an efficient and widespread system of healthcare. In 2000, Singapore was ranked 6th in the World Health Organization's ranking of the world's health systems. [1]
Employee flexibility: By offering employees more choices in their health insurance plans, employers can demonstrate their commitment to employee well-being and potentially attract and retain top ...
However, many health care providers took advantage of the system by offering unnecessary services to a larger number of patients and then billing the government. In the face of increasing loss and the need for cost containment, NHI changed the payment system from fee-for-service to a global budget, a kind of prospective payment system, in 2002.
Synapxe Pte Ltd, formerly known as Integrated Health Information System (IHiS), is a wholly-owned subsidiary of MOH Holdings Pte Ltd, the holding company through which the Singapore Ministry of Health owns corporatised institutions in the public healthcare sector.
A Multiple Employer Welfare Arrangement, or MEWA, is a vehicle through which more than one employer can come together and offer a self-funded plan to employees—a type of co-op. MEWAs are useful for small groups that on their own would not be able to self-fund; for instance, a number of local small businesses, each with a dozen employees, can ...
NCS Pte. Ltd. (also known as NCS Group, previously known as National Computer Systems) is a multinational information technology company headquartered in Singapore. Founded in 1981 as an agency of the Singapore government, it was privatised in 1996 and subsequently became part of the Singtel group in 1997.
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