Why Offer Health Insurance to Employees: Key Benefits
Have you ever stopped to question why more and more companies today sell or give away group health insurance (also known as ประกันสุขภาพกลุ่มพนักงาน in Thai) as one of the employee benefits?
It once used to be a luxury, but now it is instrumental in supporting workforce wellbeing, increasing loyalty, and ensuring productivity.
This group health insurance serves as an important link, transferring from employee well-being to business development in an era where success is increasingly tied to health, beauty, and fitness.
What Is Group Health Insurance?
Group health insurance is a collective policy offered by the employer to its employees to ensure cheaper access to healthcare services than the corresponding individual plans.
In Thailand and many countries, there are strategies that employers can use to create a thriving workplace and also offer group health insurance for employees, wherein all medical needs, from medical check-ups to hospitalisation, can be covered.
1. Risk Pooling
The advantage lies in risk pooling, keeping it in a class. In this case, the group discounted the premium rates and got more extensive coverage.
Quite often, it spells low out-of-pocket expenses for employees when they can avail themselves of services such as a little health screening, consultations from specialists, or fitness treatments.
2. Supports Employee Health and Wellness
The modern workforce increasingly leans toward health-consciousness. Workers prefer employers who accommodate their wishes concerning fitness, nutrition, and basic mental well-being.
Group health insurance schemes generally encourage employees towards better self-care.
With more policies now offering preventive care services, annual health checkups, and even wellness programmes, the nature of group health schemes fits very well with an increasingly beauty-and-fitness-lifestyle consciousness.
Read 5 Tips For Improving Health and Wellbeing in the Office
3. Thriving Employees
Wellness-focused employees will thrive when the company manages its group health insurance, demonstrating a commitment to their well-being. The following benefits accrue to companies:
- Boosted Productivity — Healthy employees stay focused, efficient, and perform at their best.
- Reduced Absenteeism — A minimum number of sick days makes the company operational.
- Better Retention of Staff — Employees are more likely to value and remain with employers who prioritise their health and well-being.
- Tax advantages — most contributions may qualify for tax deductions.
4. Conducive workplace ecosystem
Ultimately, group health insurance is a mutually beneficial arrangement for all parties involved.
Employees will now be able to enjoy their peace of mind on accessibility to further health care and a wellness environment working in support of them.
On the other hand, the employer will have a productive, healthier working staff motivated to work with loyalty.
In a wider context of health and fitness culture, such group plans further join forces to nurture an effective and efficient workplace ecosystem that is conducive.
Final Thoughts
Starting group health coverage cannot be left out if companies want to prosper in modern wellness culture.
Working for the good of the employees and preventing collective terms in health shows your company as progressive and caring.
Employers should now begin thinking about investing in group health insurance. It will keep their people safe, build brand value, grow employee retention, and sustain long-term success.
Now, find your way around this market and begin to make a healthier workplace for tomorrow.
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