One of the healthy effects of human resources has been in the levels of care, safety and security for the employees. No longer do the workers and employees have to work in deplorable conditions and earn pathetic pay packages. Wide sweeping changes have been brought about in the working conditions of employees such as coffee breaks, lunch hour, 40 hour week, casual leaves, medical leaves, annual leaves, maternity leaves, paternity leaves, sabbaticals and the like.
Health insurance is also one of the positive developments in the area of employee benefits. In fact, new employees often inquire about health insurance policy when negotiating their salary packages. Health insurance coverage is a monetary contract between the company and the health insurance provider. According to this contract, all doctor visits, operations, surgeries and other medical treatments will be paid for by the insurance provider through the business.
Types of Employee Health Insurance
Employee health insurance is usually directed to two types of business entities: one for small based businesses that have 3-150 employees and the other for large corporations that generally employ more than 150 people. In both the cases this benefit is offered to full time or permanent employees. Employees who are under probation are not offered this facility.
Some companies may even offer critical illness coverage to their employees. In this type of coverage, employees who are afflicted with diseases such as diabetes, cancer, heart problems and require long term care are insured.
UK Employee Health Insurance Providers
One of the well known and experienced UK health insurance providers is AXA PPP Healthcare. They offer two types of employee health insurance: small business health insurance and group health insurance. Both types of health coverage provide employees quick access to doctors, shorter waiting periods at clinics and hospitals, as well as convenient dates and times for doctor visits. Another famous health insurance provider is BUPA which offers customized health coverage known as BUPA Select. It has the following benefits :
- Aid employees in getting back to work quickly after illness.
- Acts as a recruitment and retention tool in the competitive job market.
- Safeguard against the impact of absence due to sickness.
- Improve employee morale.
WPA has health plans for companies with employees numbering up to 3 to over 400. It covers hospital bills, consultant fees, lab tests, NHS cash benefit, psychiatric treatment, physiotherapy sessions, radiation treatment, chemotherapy rounds and much more. Whatever type of insurance firm or broker you choose, make sure that they are regulated by the Financial Services Authority (FSA) of the UK.