As healthcare costs continue to rise in Singapore, employees are being urged to take a more active role in assessing their employer-sponsored benefits during the upcoming mid-year enrolment period. According to the 2025 Health on Demand report by Mercer Marsh Benefits, one in three individuals with a household income below the median are not confident in their ability to afford healthcare, highlighting the importance of understanding available benefits to mitigate financial strain.
The report also reveals significant generational and gender disparities in health priorities. Gen Z men, for instance, report high levels of mental health concerns, whilst Boomers are increasingly worried about cognitive decline. These findings underscore the need for tailored benefits that address diverse employee needs. Additionally, the report points out a gap in mental health support, with only 38% of men valuing mental health screenings, presenting an opportunity for employers to enhance mental well-being programmes.
Furthermore, the report highlights that only 50% of long-term foreign employees in Singapore are aware of where to find benefits information. This suggests a need for improved communication and personalised benefits to boost employee engagement and satisfaction.
As organisations navigate these challenges, the insights from the report serve as a crucial guide for developing effective benefits strategies. Employers are encouraged to foster a supportive work environment that meets the evolving needs of their workforce, ensuring that employees are well-informed and adequately supported in their health and well-being.
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