Many businesses choose to offer corporate health insurance plans to their staff, clients or members – and you’ll find there are many different options to choose from. Companies are looking to establish themselves as employers of choice in their sector to attract and retain the best talent – and incentives are a popular way to do this. With health risks such as cancer, diabetes, obesity, heart disease and stress affecting Australians of all ages, employers may wish to consider offering an appropriate health insurance plan to their staff. In addition to providing employees with greater peace of mind, this type of incentive often improves productivity in the workplace and results in enhanced staff loyalty at your firm.
You have many options to consider when it comes to choosing the right business health plan. There are many registered health funds in Australia and each offers a huge range of choices. Employers will need to take a number of factors into consideration – including the value of any subsidy they intend to provide and the resources that will be needed to implement, review and manage the corporate health insurance plan. It is also important to take into account whether the cover will apply to all staff members or only those who meet selected criteria, as well as the level of support, service and care that will be offered by the business health insurance plan.