The Corporate Social Responsibility (hereinafter CSR) is present in an increasing number of companies. This CSR is a symbol of the company's interest in the well-being of its employees and the improvement of their work climate, linked to a correct conciliation. Today we will look at how health insurance or health insurance is one of the most valued benefits by the workers.
The advantages of company health insurance
For the employer, it is often impossible to increase the wage more than what is stipulated in the collective agreement. However, it is possible to implement other social benefits that can reach motivating and retaining employees to a greater extent: health insurance is one of them.
Its benefits are very clear:
- Va beyond the workplacereflects the company's concern for its staff, even affecting the personal sphere of the employees. employees and their families.
- Tax advantagesup to €500 per person per year is exempt from personal income tax. It would be a salary in kind that is not subject to withholding tax, unlike a salary. And, for the company, it is a 100% expense deductible for corporate income tax purposes.
- Increased productivity and reduction of absenteeism: by having faster diagnoses, as well as better access and time availability in which to see specialists.
We have not talked about the comparison between a salary increase and dedicating the same increase to health insurance. As some expert in the field says: “Money has a hygienic effect in the short term, but it is not a motivator in the long term.
How to take out health insurance in the workplace
It is possible for a company to take out health insurance for its employees. management positions or, on the contrary, to extend such health insurance to all employees. Also, it may offer a special rate for the collective, but everyone is free to subscribe to it or not, at their own expense. Let's see:
- Collective social benefit to 100% (closed group): the company pays the full cost of this health insurance for its employees.
- Flexible remuneration: here the modalities are very disparate → it is possible that the company may finance a part or even nothing at all, but simply provide the employee with cheaper rates than they would find by going to the insurance company on their own.
Either way, the advantage is that, fiscally, as it would be deducted from your paycheck, there would be a very significant savings in personal income tax.
Company health insurance is always better
When we are talking about companies of a certain size, where 40-50 people or more can be insured, the advantages for the insured are many:
- Elimination of gaps in health insurance: full coverage from day one
- No pre-existing conditionsEven though there may be someone with a disease, when so many people have access to insurance at the same time, these pathologies are covered because it is in the insurer's interest.
- Increased pressure to negotiate policy renewals, if the claims experience is controlled.
Of course, not to mention that the fares are much cheaper (even if there are only 10 people), they already benefit from the prices of the health insurance SMEs, which is very interesting.
If you would like us to help you compare these prices and groups between different companies, we work with many insurers, so we will save you time and money in finding the business health insurance you are looking for.
