Employee Benefits – International Private Medical Insurance
Employee Benefits can add value to your recruitment and retention process. It can also be a necessity in some industries. As an expat or globally mobile individual, it is important to have the health care cover you need. The simplest way to look at it is, if you’re living abroad you will probably need a more comprehensive range of health care to cover ongoing and preventative care, as well as emergency cover, than if you’re simply on holiday or travelling for fewer than 90 days, 90 days is typically the number of days you would be covered under a travel policy for any one trip. International Private Medical Insurance is also there to provide cover in those countries where there isn’t a public or state-run scheme (such as the UK’s National Health Service (NHS) that you can rely on when you are away from home.
As well as physical health, International Private Medical Insurance is an excellent resource for Mental Health. Relocating to another country can be stressful. Those who live and work abroad are 2.5 times more likely to experience stress and anxiety. IPMI providers can support members and their dependents with their health and wellness needs before they make the move, helping to set them up for a healthy future in their destination country.
As an employer, you may have employee’s seconded overseas for business purposes, this may be temporary or permanent. For those that are only temporarily residing overseas, if you only have travel insurance you are likely to have less control over your treatment options if you have a medical emergency. For example, you may not be able to fly home or to a hospital of your choice, you will simply be taken to the nearest place that can deal with your situation. IPMI gives members and their families the ability to choose where they want to receive treatment in an emergency. In most cases, your IPMI provider will be able to arrange the evacuation and on-going treatment on your behalf, which isn’t always the case with travel policies. IPMI will ensure your duty of care as an employer is met and will provide peace of mind that treatment will be carried out quickly and efficiently, enabling your employee to return to work as soon as possible, not to mention the fact some destinations, for example, UAE, will have a legal requirement for Private Medical Insurance to be in place.
If you have any questions about your employee benefits programme or introducing benefits for your employees weather in the UK or over seas speak to BDHL today. We specialise in finding the right cover for you and your team wherever they may be in the work. 01892 891900 – enquiries@bhdl.co.uk
