In today's competitive labour market with many talented people, it is important that we can offer them concrete benefits if we want to have the best professionals.
The so-called emotional wage is one of the elements that make one company more attractive than another. It refers to those benefits that do not translate into an economic reward as such, but go beyond that. For example, family reconciliation, flexible working hours, or corporate health insurance.
And it is that health insurance is a highly valued social benefit that is in the interest of both the employee and the company itself. In this way we can not only attract talent but also make that talent want to stay in our company. If we want a happy company that generates profits and stands out from the rest, we must bet on happy workers. And healthy ones.
Why introduce social benefits in the company?
Offer business health insurance to our employees is going to be a highly valued social benefit. Being able to opt for an employee or manager to have the advantages of private health insurance gives them greater satisfaction, but also the ability to be treated more quickly compared to public health care.
The benefits of group health insurance go far beyond the workplace. We cannot forget that facilitating the wellbeing of our employees results in many things: a better working environment, greater commitment to the company, etc. But it also translates into less sick leave or a more effective resolution of workers' health problems.
A company's most important assets are its employees, and if we don't take care of them, we lose them.
What types of health insurance can be offered?
The types of insurance that can be found are diverse, and will vary according to various aspects. Generally speaking, the types of insurance that can be found are:
- Outpatient insuranceThe most basic ones cover visits to specialists and diagnostic tests.
- Full medical insurance with co-payments: In addition to the above, you can be hospitalised and surgeries are covered. The limitation is that you cannot choose a doctor, you can only go to the doctors indicated by the insurance company. In addition, there is an additional cost for its use.
- Full medical insurance with no co-payments: the same, but without incurring an additional cost each time you use the insurance.
- Reimbursement insurance: with free choice of doctor and clinic anywhere in the world
There are several ways of taking out insurance:
- The company pays the cost of the group health insurance completely.
- The company does not finance and makes cheaper rates available to the employee. It can be channelled through the flexible remuneration (by deducting it from the employee's paycheck).
The choice of one or the other will depend on what you are most interested in, taking into account the number of employees, type of company, budget, objectives, ...
Social benefit for loyalty and motivation
We have already drawn attention to the fact that a group health insurance is beneficial for both the company and the employees. Not only in relation to health, which is obvious, but also because of its motivating and loyalty-building element for employees.
It is the most valued of all the social benefits that a company can offer, and this leads to a preference for working in an organisation that goes the extra mile to care for its workers and families.
And, of course, we cannot lose sight of the fact that absenteeism is reduced, thereby increasing productivity. By helping to minimise the risk of sick leave, leave of absence, etc. through more agile care and diagnostics.
A fiscally beneficial expense for both employer and employee
In addition, it is a fiscally beneficial expense. The tariffs are already much more economical, in fact, it is possible to have discounts up to 40% by the same policy. The tax deductions for company health insurance most interesting are:
- Everything paid by the company is deductible for corporation tax purposes: 25% of the expense is borne by the tax authorities.
- The first 500 euros invested per insured person per year is not computed in the IRPF for the worker. As it is considered salary in kind, it is not subject to withholding and if it is deducted from your salary it will reduce your taxable income.
In short, if you are looking to offer your employees the best and improve their medical care with health insurance, first analyse what is available, what type of insurance you are most interested in and what your budget will be (if you want to assume something, of course). Of course, when you bet on your employees, it's all advantages.
Do you have any doubts? Contact us, and we'll help you choose the right one for you. company health insurance that best suits your organisation.
