Access to medical advice, care, mental wellness support, fitness regimen and other services is very important for the common people apart from insurance coverage.
The corono virus epidemic has made Indian people most aware of the value of health insurance. Which encouraged the development of group health insurance plans as a means of providing reasonably priced health services. However, the employees are not aware of the health care plans and their benefits. Because this can lead to less insurance and less use of health benefits among employees. Apart from insurance coverage , access to medical advice, care, mental wellness support, fitness regimen and other services is very important.
According to sources, the results of the survey showed that 9 out of 10 people had health insurance coverage provided by the employer, although 2 out of 10 people were not aware of their insurance amount. Six out of ten people had no idea who their employee health benefits provider was. Less than one in ten people made a claim for health insurance under their employer’s health care plan.
As per the report, 83 per cent of those surveyed did not know whether their health care plan included preventive health check-ups, and 84 per cent only did health check-ups when their doctor advised it. About 71 percent did not know whether their parents were covered by the health care plan that their job provided.
These are health care plans
Employee benefit insurance policies that are comprehensive and designed explicitly to protect the employees are offered by many insurance firms in India. One type of insurance plan provided by a company to its workers is known as Employee Benefit Insurance Plan. It provides health and life insurance to its employees in case of unforeseen medical or other problems.
Apart from this, these insurance schemes are beneficial for the workers and also cover their relatives, which include spouse, dependent children, parents and parents-in-law. Benefits provided to employees include retirement and gratuity benefits, as well as cover for unintentional injury and illness, medical distress and hospitalization charges.
How does insurance work
Insurance for employee benefits operates in the same way as personal health insurance. The main difference is that your company is the primary policyholder and provides health insurance benefits to you and other employees. Each insured member of this policy is covered by the payment of premium by the company, hence it acts as an employee benefit insurance plan provided by a specific firm to a group of employees. There are broadly three types of health care plans offered by the employer, such as group health insurance, group life insurance and personal group accident etc.
