Why take out private medical insurance for your corporate business?
For large businesses, Freedom Health Insurance offers flexible solutions to meet your employees’ healthcare needs and help you control costs. Here is what private medical insurance can do for your company:
Cuts the cost of sick days
Every year, millions of working days are lost to sickness1, considerably impacting the bottom line of businesses. While you can’t control when your staff gets sick, private medical insurance can provide your employees with fast access to quality healthcare, helping them return to work sooner.
Presenteeism (when employees come to work while sick) is often a hidden problem, especially in large companies. It can reduce productivity and can lead to a poor organisational culture. With private medical insurance in place, your staff is encouraged to seek medical help knowing their medical bills are covered and they can return to their full productivity quickly.
Helps you hire and retain staff
When recruiting talent, offering health insurance as part of your benefits package can be the reason why a candidate chooses you over other companies. At the same time, your current employees are less likely to look elsewhere for employment because offering medical insurance can make them feel more valued and looked after.
Increases job satisfaction
Health insurance is one of the most wanted employee perks2. When people know their employer is interested in their health and wellbeing by giving them access to quality private healthcare through a company scheme, they can experience a boost in motivation and productivity and be enticed to stay with your company for longer.