Health insurance - compensation management - Manu Melwin Joy

Health InsuranceCompensation Management

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Manu Melwin JoyAssistant Professor

Ilahia School of Management Studies

Kerala, India.Phone – 9744551114

Mail – [email protected]

Health Insurance• It is a well known fact that

an employee values a health insurance cover and its benefits. It is viewed by the employee as the second best thing next to monetary compensation, and gives the employer the added advantage of being able to employ and retain the best in the business.

Health Insurance

• Health insurance is

insurance against the risk

of incurring medical

expenses among

individuals.

Health Insurance• By estimating the overall risk

of health care and health system expenses, among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement.

Health Insurance• Group health insurance is a

medical insurance that covers a group of people, who are usually the members of societies, employees of a common company, or professionals in a common group. Group health insurance helps companies identify and mitigate the risks faced by their employees.

Health Insurance

• Rising costs of healthcare

have made it necessary for

every employer to cover

their employees and their

families from financial

instability that may arise in

case of hospitalization.

Health Insurance

• Also, group health insurance

helps companies in attracting

talented staff. Whether you are

a small group or a company,

you can easily retain best

talent in the industry by

offering comprehensive health

insurance coverage.