Group Health Insurance; a corporate vision
Every responsible corporate organization’s vision should be, to protect their company’s most important resource-the employees. This should be their citizenship effort to save lost time injuries, and make their companies safe.
Of recent, there has been an increase in various kinds of health related problems, owing to stress, environmental pollution, climate change, unhealthy lifestyle, and irregular health checks. These health related threats have adversely affected employees, and the employers of labor. Therefore, corporate organizations should have a consistent, comprehensive health surveillance program as her commitment to employees, to reduce rate of occupational injuries, deaths and illnesses.
Health surveillance is a pro-active approach to identifying and arresting serious health threats before it gets out of hand, or result to death of a worker in the office.And one good method of effective health surveillance, is encouraging a group insurance scheme, and promotion of health and safety rules.
What is a health insurance?
Health insurance is a coverage providing medical expenses and protecting an individual, or group of people from unexpected healthcare expenses. This form of insurance covers disability, long term nursing needs or custodial care.
Prior to the development of health insurance, patients bear the burden of all medical expenses from their savings .And sometimes medical expenses can dig holes in one’s purse, depending on the enormity of the health problem. Now, individuals or groups, such as families, or corporate organizations can purchase a health insurance policy to take care of unexpected medical expenses and cases.
The good news today is that a comprehensive private health insurance programs cover the cost of routine, preventive, emergency health cases and cost of drugs. Sometimes this differ.
It is also expected that an insuree or a health policy holder pay monthly premium, or payroll tax to the insurance company. This is to ensure that money is always available to offset the medical expenses, as specified by the health insurance contract.
Why corporate health insurance?
A corporate organization is non existent, or unproductive without human resources. It is
the greatest asset a company has and must be cared for. Employees need sound mind and
healthy bodies to work. Good health ensures high productivity, optimum performance
and commitment, which in turn yields positive result in term of company’s success and
profitability. These positives will not be possible if an organization undermines the health
of her workers, or care less of workers well being and medical records. This will
adversely affect the company’s productivity and success, as there will be high rate of
illnesses, loss of man hour, staff turnover or death.
One truth is that people get attracted to companies and their products because of their
positive corporate culture which is employee and customer focused. Your employees are
the reflection of your corporate image, product acceptability, corporate growth and
general success. Therefore, it is adviseable that companies pay attention to their
employees health.
Group health; corporate benefits
Corporate health insurance is a source of pride to employees, employee loyalty and
optimum commitment. It’s benefits cannot be over emphasized.
· It is part of employee motivation
· It promotes employee participation in management, marketing and so on.
· It enhances corporate communication
· It enhances management –employee relationship
· It provokes employees loyalty and commitment to corporate vision.
· It enhances employees optimum performance
· It saves company cost on adverts as satisfied employees would promote product or services at no cost
Steps to achieving corporate health programs
o Promotion of health, safety and environmental rules
o Ensuring environmental cleanliness and protection
o Ensuring good hazard waste disposal in line with environmental protection law
o Promoting a safe smoking environment
o Provision of safety materials, such as gloves, helmets, boots, face mask and so on.
o Employing a safe driving rules
o Employing a health provider retainer ship
o Provision of first aid materials within the organization
o Ensuring pre-employment medical test before hiring
o Encouraging periodic health checks of employees
o Training of staff on basic medical and safety knowledge
Companies must not lose the fact, that human resource is her most valued asset. ill health
can result to staff turnover thereby company loosing trained staff, expertise and
professionals, causing huge cost on staff recruitment and re-training. So it is adviced,
that the possibility of this occurrence should be nipped at the bud with group health
insurance and a medical retainership, to keep tab of workers health and overall well
being.
