For a company or an organization, a group insurance can be an effective way to attract and retain talent. Because individual health insurance can be expensive, employees are likely to remain loyal to their organization or company if the employer chooses to pay for most or all of the monthly premiums of the group insurance. When employees are covered by group insurance, they have access to quality healthcare. This ensures that employees are always in their best health. Healthier employees means more productivity. As for employee-centered benefits, here are three benefits from group insurance according to NOW Health International:
- Employees enjoy lower monthly premiums compared to individual health plans.
- Group insurance offers wider coverage and benefits compared to individual insurance.
- Group insurance is often guarantee issue which means it doesn’t take into consideration the current health status of the policyholder.
Find out more about what group insurance covers and whether it’s the right insurance for you when you visit NOW Health International which specializes in providing global medical insurance, international student health insurance, expat insurance, group insurance, and more.