Voluntary health insurance for employees

Voluntary medical insurance (VHI) for employees is firmly included in the social package and increases staff loyalty.

Why do employers buy VHI for their employees?

First of all, this is one of the ways to attract and retain decent personnel.

Secondly, every employer is interested in the employee taking care of his health, receiving treatment in a timely manner and returning to the working process faster. Then there will be no problems with a lack of staff, burning projects, overdue deadlines, and so on.

Thirdly, by buying voluntary medical insurance for their employees, the employer increases his value in the labor market and improves his business reputation.

There is still good news, from January 1, 2022 to January 1, 2024, funds allocated by the employer for VHI insurance for their employees are not included in the total income of an individual.

When choose a voluntary health insurance package, consider the following: This is voluntary insurance and the employer decides what the health insurance will cover. It happens that the amount of insurance is very small, then it will not always be possible to get the necessary treatment for free, or only basic services are included in the insurance program – and much of the policy will not be available. For an employee, the whole system works like this: there is a list of medical services that can be obtained under the policy, when there are indications for this. They are listed under the insurance program. If you apply for such medical services, then you do not pay anything: the insurance company bears all the costs, and the employer paid for your insurance. However, if the service is not included in your insurance program, the clinic will tell you about it and you will have to pay yourself.

With a pandemic raging now, it is advisable that treatment for coronavirus also be included in the coverage.

It is also ideal for the employer that the program includes a physical exam and flu vaccination. If subordinates undergo a medical examination in a timely manner, have been vaccinated, they are less likely to get sick and do not go on sick leave.

Any insurance program has a definition of an insured event, that is, an event that an insurance company must pay for. Each insurance company decides for itself what will be the insured event. What does not apply to him will have to be paid at his own expense. If you have tests or examinations not listed in the insurance program, or treat an illness from the exclusion list, the insurance company will most likely not pay for this.

The VHI policy usually implies that you can seek medical help when there are complaints about a health condition: an injury has occurred, a chronic illness has worsened, or some kind of acute condition has developed.

Sometimes the contract may even include the possibility of adding a relative to the corporate VHI, for example, a child or spouse.

But always, when choosing an insurance company, you need to pay attention to the work experience in this area, customer reviews and the professionalism of the staff.