Corporate health insurance means a healthy and therefore efficient workforce. Appropriate health care for employees and their family members reduces company losses due to illness. How much do companies pay for health insurance per employee? The typical cost of small business health insurance on a per employee basis is around £45 a month, but can range from around £23 to £100 a month or more depending on employee ages and the tier of cover.
Benefits for employees and their families
- Providing reliable social protection for relatives in the event of loss of breadwinner, starting with the first premium. Unfortunately, at present our state is unable to provide decent social protection to its citizens. Therefore, in critical situations, we can only rely on ourselves or on our loved ones, although their possibilities are not unlimited. All over the world, a significant part of social protection rests with insurance companies. It is they who make payments when unforeseen events occur in a person’s life, health or ability to work. Insurance companies can help with this.
- Accumulation of considerable capital for financial stability and confidence in the future. Accumulation programs from an insurance company give in addition to insurance protection an opportunity to accumulate substantial capital for solving important tasks in life – buying real estate or an additional pension for yourself or your spouse.
- Psychological comfort from recognition of an employee’s value to the company. It is nice when you are appreciated. Then the work is more interesting and the results are better. And one of the manifestations of employee’s value are special incentives from the management, for example, health insurance for key employees, which guarantees both protection during the accumulation phase and a significant cash payment at the end of the contract.
- Employee peace of mind and confidence in the future. One of the most valued working conditions is stability. People are always looking for a stable job, with a steady income. And if the employer helps in difficult financial times, you’re considered lucky to have a job. The most difficult of financial problems are those related to life, health and ability to work. In such cases, not only is your income lost, but you also need significant funds for medical treatment. In this situation, insurance coverage is an additional guarantee of a stable life, regardless of the financial situation of the employer.