As the job market becomes more competitive — due in part to a shrinking, ageing workforce - staff retention is an important consideration and many are choosing to offer corporate health insurance plans to their staff as part of their employee benefits program to improve their Employee Value Proposition (EVP).
By offering private health insurance as part of your employee benefits program, employers can establish themselves as employers of choice and attract and retain the best talent.
In addition to staff retention, with cancer, diabetes, obesity, heart disease and stress affecting Australians of all ages, offering an appropriate private health insurance plan assists in a path to better health and returning to work sooner.
Whether you're keen to offer an employer subsidised health insurance scheme or an unsubsidised health plan, Gallagher can work with you to determine the cover options that best suit your specific requirements.
Finding the right health insurance plan
When it comes to choosing the right business health plan, there are plenty of options to consider, with a total of 35 registered health funds in Australia with each offering its own range of choices.
Whether you are considering a fully or partially subsidised health cover or discounted health cover, we will work with you to find the right plan for your business, providing guidance and advice to help you consider:
- The value of any subsidy you intend to provide.
- The resourcing that will be needed to implement, review and manage the corporate health insurance plan.
- Whether the cover will apply to all staff members or only those who meet selected criteria.
- The level of support, service and care that will be offered by the business health insurance plan.
- The appeal of the plan to your employees - for example, the advantages of employer-subsidised schemes versus an unsubsidised insurance plan.
Corporate health insurance for small businesses
Smaller businesses will have their own health insurance needs and are also likely to face cost issues, which could impact the type of cover they choose. They often don't have access to corporate health facilities and are competing for skilled employees with inferior benefit packages. Recognising this, we are proud to provide a specially negotiated health insurance facility, supporting small businesses with access to corporate plans otherwise unavailable to them.
The benefits provided by this facility are competitive against larger employer offerings in the market, bringing it in line with benefits usually only offered through large corporate plans.
How Gallagher can help
Whether you are looking for a corporate health insurance for your business — big or small or for your expatriate employees we can help you make an informed decision about which product or plan might be most suitable. Our experienced team can develop a selection of appropriate health insurance options for members or employees of corporations, associations and small businesses.
Our services include:
- Corporate health insurance consulting and advice
- Plan design recommendation based on client objectives
- Identifying key risk and providing informed solutions
- Managing tender processes with appropriate recommendations
- Plan placement and implementation
- Presentations to client stakeholders on the health plan key benefits and operation
- Employee communications and enquiries
- Plan administration support including invoice management and reconciliation
- New employee on-boarding and advice
- Premium negotiations and plan renewals
- Management reporting and analysis
- Web solutions providing corporate branding, individual product selection and quoting.
With over 35 years' experience, the key to our success is our in depth understanding of the dynamics of the health insurance market. This includes knowledge about the key drivers of costs, benefit developments, which insurers are the innovators and the followers and the strengths and weaknesses of benefit strategies. The result is a corporate health plan that meets your objectives, budget and is accepted by employees as a valuable addition to their benefits package.
