Tired of poor production rates of your company? Well this is a rather common problem that is keeping most industrialists awake for night after night. Many theorists and economists have tried to figure out a way out of this, but have failed miserably. Recent studies conducted by many well known research schools have revealed that securing the condition of production can be possible by increasing the efficiency or productivity of the employees. The only road of motivating these workers is to motivate them by taking care of their needs. Employee Health Insurance is your best possible tool to satisfy and motivate your employees, thereby improving the condition of your company.
This brings us to the question of what is Employee Health Insurance. These kinds of health insurance may be defined as means of securing the health of the employees working in a company. The primary motto of these insurance schemes is to provide financial assistance when they are unable to meet the medical expenses of them or their family members. Health plans for employees is of prime importance and should be incorporated as a part of the companies. In most cases the insurance policies meant for employee welfare come in the form of tow basic models. These are:
|Types Of Employee Health Insurance|
Employer sponsored health insurance- employer sponsored health insurance is the older and the more popular kind of insurance that is used all around the world. In such cases the employer or the employing organisation holds and manages the insurance coverages offered to the employees or their family members. These policies should cover accidents that may happen at work. Factories using dangerous machines for production purposes often record fatal accidents of its employs that might leave them handicapped for the rest of their life. Thus providing them with insurance coverages helps them in leading their lives even though there is no income. Retirement plans also falls under this category that is to be managed by the company itself. However in many cases these insurance polices may also be medicated by the union boards that operate in favour of the employees of the company.
Federal employee health benefits- This is another important branch of the insurance policies directed towards the benefits of those who serve the state. These civilians are an important part of the state. Thus aiding them with the federal employee health benefits comes as a natural process that is usually looked after by the state itself. Most governments of the world have their own set of federal employee health benefits program that ensures both social and financial security of the civil employees. Most countries with emerging economies has attained such status due the efficiency of their state servants who are satisfied by these federal employee health benefits program.
So no one can possibly deny the importance of these health insurance policies. So if you want your sales figures to go up in a short period of time, please do look after the needs of your employees, or provide them with health insurance coverages.