Offering a group health plan for employees has always been seen as a major attraction for many professionals. With the recent global health crisis caused by the Covid-19 pandemic, interest in health insurance plans tends to increase even more.
From the company’s point of view, the offer of this benefit is also worthwhile. After all, in addition to being one of the criteria most valued by employees, medical assistance becomes an essential factor for hiring and retaining talent. In other words, it stops being an expense to become an investment since the return obtained in the medium and long term pays off for the company.
Therefore, in this article, you can see how best to offer a health plan to employees, the reasons that justify their hiring, and how to choose the most suitable option for your company.
Continue reading below!
How does the employee health plan work?
Before you know how employees’ health plan can be a great differentiator for your company, it is important to understand how this benefit works.
Corporate medical plans are similar to those aimed at individuals but have some characteristics of their own. They are collective; that is, the conditions are offered to all employees, who can choose to participate or not in the benefit.
Therefore, it is worth mentioning that employees’ health plan is an optional benefit since there is no obligation, according to labor legislation, for the company to offer the same.
Although it is not a mandatory benefit, it is a competitive advantage for attracting, hiring, and retaining talent, which is why many organizations invest in offering health insurance to their employees.
Health insurance can be offered to employees and their family members. Partners, managers, retirees, interns, temporary workers, and apprentices may also have access to this benefit.
The cost to hire a health plan for employees varies according to several factors, such as the number of employees to be benefited, the chosen network of hospitals and services, among others.
Regarding the shortage of the plan, the terms are the same as those for agreements aimed at individuals, that is:
- 24 hours for urgent and emergency cases;
- 300 days for delivery;
- 24 months to cover pre-existing injuries and illnesses;
- One hundred eighty days for the rest of the cases.
A precaution to be taken by companies is related to the so-called accident rate, which shows the total spent by the operator to meet the expenses provided for in the contract. When this index exceeds 70% of the customer’s amount, there may be an adjustment.
Why does the employee profile matter?
During the entire planning for choosing the health plan for employees, keep in mind that the main aspect to be taken into account is employees’ profile. It must weigh more than the price in your choice, precisely because it is talent retention and loyalty tool.
That way, you will be able to have an adequate health plan for employees, which will positively affect the short, medium, and long terms.