As global markets continue to recover following the pandemic, an increasing number of companies will be looking at overseas markets for additional streams of revenue.
Businesses that operate on a global scale may be considering expanding their international operations again as well as resuming their recruitment initiatives. With health & wellbeing a top priority for many people, it’s important that companies take care of their employees no matter where they are in the world.
It becomes an even more important prospect when the cost of having an overseas workforce is something to think about. But what are the benefits of offering international private medical insurance (IPMI) to your employees?
Overseas expansion and operations come with their own challenges and attracting the right talent to your growing business can be one of them. Asking your loyal and experienced employees to relocate for work can be equally as hard.
Moving abroad for a work assignment is often stressful, especially if it entails relocation to a region with a very different culture. By offering international medical insurance, you can reassure your employees that they’ll be looked after in their new home.
Having a good benefits package may also help you attract the best talent to your business. With recruitment becoming increasingly difficult, standing out from the competition is more important than ever.
Private healthcare cover is frequently considered and ranked as one of the most valuable benefits for staff, so offering it as part of your benefits package could be a great way for retaining employees.
When a business uses international private medical insurance, they can help their employees stay healthy and productive. Also, in the event of an illness, the company is able to get their staff back to health and work quickly.
Long-term sickness is an increasingly common reason for economic inactivity, making up 28% of all those out of the labour market in June to August 2022 .
International private medical insurance aims to provide prompt access to medical support when it’s needed the most.
Employee absence could have a significant effect on your business. However, issues can also be caused when an employee turns up to work while unable to perform their best due to ill-health.
Companies who take care of their staff are more likely to have a healthier and more productive workforce.
At APRIL International, we can provide policyholders with access to TeleHealth, an online GP service available 24/7 in over 175 countries. This service is provided in partnership with Teladoc Health, who are a global leader in virtual care and have over 50 million members across the globe. With this, your employees can have an appointment with a qualified physician anytime and anywhere globally.
Employees can receive a call back within three hours when they request for a GP to call them. This can be done remotely, such as at home and outside of working hours. This will help decrease downtime within your business, and help keep your workforce productive.
As well as for your business, international private medical insurance brings several benefits to your employees. These include:
Shorter waiting times, resulting in prompt access to diagnosis and eligible treatment
High-value cover for cancer and mental health conditions
Access to a wide network of private hospitals providing high standards of care
Second opinion service if your employees are uncertain about the diagnosis they’ve been given, or simply require a second medical opinion on a proposed treatment plan
24/7 medical assistance, with a multilingual team ready to provide support, guidance and management your employees' treatment requirements
Crisis management assistance for non-emergency medical evacuation when needed
International private healthcare cover is often seen as something considerably expensive. However, it is a long-term investment that can offer many benefits to both you and your workforce.
Contact our friendly team who can assist you in finding the right healthcare plan for your business. Also, don’t forget to take a look at our website for more detailed information about our offering.
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International private medical insurance is designed to cover the cost of eligible treatment for people who are living, working or studying abroad.