Category: Group Health
It’s an acknowledged fact that hiring for a start-up is a challenge that every entrepreneur’s (especially first-time ones’) headache. Attracting a settled and performing individual to leave all behind and jump ship (more like jump ship to the boat) is hard enough.
One cannot form a group for the sole purpose of availing health insurance. It has to be a homogeneous group of people that are linked to each other as a group for other purposes or economic activity other than insurance.
6 Steps to Reduce Health Insurance Premium Cost of your Company
Cost-cutting is a hard reality, especially in the post-pandemic era. As an employer, you want to do what is best for your employees while not losing sight of your company’s long-term goals. For your company to run smoothly and have a sustainable future, you must look at all possible ways to reduce your costs. Your […]
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What is the difference between employee compensation and employee benefits?
Employee compensation and benefits play a vital role in attracting, retaining, and motivating employees. Both seem to serve the same role, however, different in definition and nature. Although intricately woven together, still there is a subtle distinction, so let’s see how compensation is different from benefit! Compensation: Compensation is a monetary or non-monetary consideration given […]
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How to pick up an affordable Group health plan for your startup?
It’s an acknowledged fact that hiring for a start-up is a challenge that every entrepreneur’s (especially first-time ones’) headache. Attracting a settled and performing individual to leave all behind and jump ship (more like jump ship to the boat) is hard enough. Fortunately, there are means and instruments such as group health insurance in which […]
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Covering Employees Parents under group health insurance- 3 different cases
In the Indian scenario, only 50% of the employers include parents of the employees while covering them under Group Health Insurance. Out of this 50 % of employers who include parents, 25% of them collect premium from employees and act only as a facilitator by arranging group policy. Only 25% of employers bear the cost […]
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How to control the Claims in Group Health Insurance?
How to exercise claim control measures in Group Health Insurance Group Health Insurance Premiums in the Indian market are very competitive compared to the world market and have been driven more by prior year premiums rather than claims experience. As a result, organizations/employers have had a good ride, as they were able to pass the […]
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