Tag: Group Health Insurance for Employees
Claim Settlement Ratio in Group Health Insurance
Group health insurance claim is the claim raised by the members of the group health insurance policy. The claim under group health insurance policy can be raised on a cashless basis or reimbursement basis. In case of cashless claim settlement, the insurance company would directly settle the claim with the hospital whereas in case of […]
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Understanding Group Health Insurance for Large Companies: Self-Funded vs Employer-Funded Plans
Group Health Insurance Group health insurance for large companies can be an essential element of their employee benefits package and would benefit employees tremendously. Such policies cover hospitalization expenses incurred during an accident, illness or disease covered under their policy period – this ensures no surprise bills. Group health insurance premiums may be paid either […]
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Comparing Group Health Insurance Plans: How to Choose the Right One for Your Business
Group health insurance is a customized policy that can be designed per the insured customer’s needs and requirements. Still, the offerings vary from one insurance company to another. For instance, one insurance company might cover the robotic treatments, whereas the others might have it under exclusions. The basic covers such as sum insured, in-patient/out-patient/daycare hospitalization […]
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The Impact of Group Health Insurance on Employee Wellness and Productivity
Group health insurance increases employee wellness and productivity to a certain extent while keeping the other factors constant. Employee productivity cannot be measured directly as it involves many factors contributing to an employee’s productivity. These factors could be organizational culture, perks and salary benefits, job role, team cohesion, reporting supervisor, and employee benefits such as […]
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Employee Retention, Attraction, and Satisfaction: The Benefits of Group Health Insurance
Group health insurance has several benefits, such as health insurance coverage in case of accidents, illness or diseases, daily cash benefits, coverage of organ donor expenses etc. In addition to these basic benefits, a group health insurance policy would also provide an additional advantage to the employers in the form of increased employee retention, new […]
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A Healthy Bottom Line: How Group Health Insurance Can Boost Your Business’s Financial Health
Group Health Insurance The group health insurance policy is intended to pay for the medical costs of the insured in cases that they require hospitalization because of injuries, illness, or ailment within the period of the policy. You are covered up to your sum insured mentioned under the policy. Group health insurance is usually taken […]
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The Cost of Doing Business: How Group Health Insurance Can Help You Save
There are numerous costs involved in conducting business in India. These include startup costs, sunk costs, and employee expenditures such as salaries, employee benefits etc. The major costs apart from the initial investment would be the operational and employee benefits costs. Any business would like to reduce its costs in one way or the other […]
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Navigating the World of Group Health Insurance: Tips for Choosing the Right Plan
Group Health Insurance covers the medical expenses of the insured members up to the sum insured mentioned under the plan in return for a premium amount that the insured customer pays. Group health insurance can be classified as employee-employer and non-employee-employer. Most group health insurance plans belong to the employee-employer segment, where the employer would […]
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10 Reasons Why Group Health Insurance is a Game-Changer for Small Businesses
Group health insurance provides health insurance coverage for all the members insured under a single policy. The employer generally pays the premium for Group health insurance. Small-scale businesses form the foundation of our economy because they offer local jobs, thus contributing to our local economies. Of late, there has been a renewed thrust towards developing […]
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Top Reasons Why Employees Don’t Use Group Health Insurance
As an employer, you may be considering offering a group health insurance to your employees as a benefit. Why is group health insurance important? There are several advantages of offering group health insurance such as better employee retention, higher goodwill in the market, improved productivity of employees, and so on. A group health insurance is […]
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When Should You Get a Group Health Insurance Policy for Your Employees?
Group health insurance is the best form of providing health insurance coverage to employees by any employer. The group health insurance policy would be taken by the employer of the organization to provide health insurance coverage to their employees in case of hospitalization due to the illness, disease or accidents. The maximum liability of the […]
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Checklist for Employers Before Buying Group Health Insurance
Group health insurance is the most preferred form of health insurance policy among employers as a single policy would cover all their employees. The group health insurance policy can also be extended to cover the family members of the employees. The sum insured under the group health insurance can be offered on a floater basis […]
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