The Future of Health Insurance: How Flexibility Can Make Employee Benefits Better
Learn how flexible health insurance plans at workplace can make a difference.
By Pazcare
October 14, 2024
Group Health Insurance - For hospital and healthcare Industry
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Hospital and healthcare industry - Overview
The hospital and healthcare industry has shaped up to be one of the most sought-after industries in the past couple of years. After battling through a global pandemic, the government budget has also seen a spike in healthcare infrastructure and overall expenditure. With new scientific improvements by the day, the healthcare sector has improved tremendously. India has over 7.65 Lac companies catering to the hospital and healthcare industry.
The industry not only includes hospitals and chemists but also medical clinics, medical devices, clinical trials, health insurance, telemedicine, and medical equipment. Around 5.37 Lac employees are working for 0 - 100 employee-based companies followed by 6.10 Lac and 4.16 Lac engaged in 100 - 1000 and 1000+ employee-based companies respectively.
The hospital and healthcare industry is opening many new avenues for the rest of the world to follow. Healthcare is aided not only by public companies but also by their private counterparts as well. India has a large pool of resources in terms of experts and professionals to maneuver the course of the hospital and healthcare industry.
Why buy Group Health Insurance for the hospital and healthcare industry?
Those who work to protect human beings also need protection from various underlying diseases! Due to the uncertain nature of their jobs, people belonging to the healthcare industry require health insurance the most. Some of the many reasons for availing of a group health insurance policy are -
- No medical checkups!
Your employees need not go through various tests to be eligible for a group health insurance policy.
- 0 waiting period
Your employees need not wait for the group health insurance policy to get activated. They can start availing of the benefits from day 1.
- Job satisfaction
Very often employees suffer from stress related to financial struggles. It might hamper their productivity and efficiency. A group health insurance policy will keep that worry at bay!
- Financial protection
Your employees will have a financial safety plug in case of any medical mishap. Their family, if covered, can also enjoy the benefits of their group health insurance policy without worrying about the required finances.
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Things to know before buying group insurance for the hospital and healthcare industry
There are various things to keep in mind before investing your hard-earned money anywhere. But you have to take utmost precaution while buying a group health insurance policy for your employers. Make sure to always read the fine print beforehand to avoid any awkward claim requests.
- Claims experience
It is quite a tiresome process to get your claims settled with the insurer. Ensure that the process is handled smoothly by your insurance company.
- Network hospitals
With a large number of network hospitals, it will be easier for your employees to locate one near them during an emergency.
- Easy endorsements
Manually adding and deleting employees could be taxing. Please make an informed choice where endorsements are tackled without any hassle.
- Add-on benefits
There are multiple additional benefits that you can opt for while purchasing a group health insurance policy.
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For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.
Pazcare
91 80378 34753
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Group Insurance for hospital and healthcare industry employees FAQs
How will the health insurance company pay for a medical emergency?
If you choose to get treated in a network hospital, you are eligible to get cashless treatment. If you are being treated in a non-network hospital, you can claim reimbursement after your treatment.
Is the family covered under group health insurance?
Yes, you can choose to add your family members to your group health insurance policy.
Are there any tax benefits on group health insurance?
Yes, according to the Income Tax Act of 1961, any amount spent on health insurance is exempted from tax.
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