A Company Health Insurance Scheme – Attract and Retain the Best People

As the economy continues to pick up and businesses recover and start to grow again, one of the biggest challenges facing employers is attracting and retaining the best people. While salary levels are obviously very important to people, employers are finding more and more that having a broader employee benefits package is essential to building a strong team.

One important element of this is corporate health insurance plans. These come in all shapes and sizes and can be paid for totally by the employer, partially paid by the employer or indeed simply facilitated by the employer. There are lots of questions to be considered: the benefits required by employees, whether family members are included, the cost of plans etc.

With four insurers now in the Irish market and literally hundreds of different plans on offer, getting the right solution in place is a daunting and sometimes overwhelming problem for companies.

 

Use a Qualified Health Insurance Adviser

Many large Employers in both the public and the private sector now utilise the services of qualified health advisers, to cut through the complexity of the market. The adviser will help you identify your employee benefit objective, your budget, your company’s own level of financial contribution and with all of this information, they will devise the optimal health insurance solution for you.

Over the years Health Insurance has become more and more difficult to understand and now more than ever expert advice is essential. With Lifetime Community Rating, on-going price increases and new plans available from all insurers, members are unsure which plan is best for their circumstances.

If you go it alone and contact any of the four Health Insurers, you will only receive advice on the products offered by them.  On the other hand, a Qualified Health Insurance Adviser will look at all the insurance providers, VHI, Laya Healthcare, Aviva Health and GloHealth and recommend the most suitable product. And it doesn’t cost you any more in using an adviser.

 

Get the best terms for your employees

Through their relationships with the Health Insurers, your qualified health adviser is best placed to first of all be aware of the best deals on offer – some of which are not really publicised widely! They are also then in a position to negotiate the best deal for your company. In some circumstances they can offer unique group discounts for your employees and additional benefits such as bespoke wellness programs which are very well received and can be organised at a time that suits you to tie in with employee benefit days.

At Lyons Financial Services, we provide this service to companies across the country. But we pride ourselves in being a lot more than simply another health insurance advice firm. In fact we offer a range of services that help us to stand out from the crowd.

 

We’re available to all of your members

We recognise that your time is very valuable, so your employees are encouraged to contact us directly should they have any queries, whether they need to have a procedure carried out or have a general query in relation to their cover. Our customer service department is manned by a team of qualified experts who are available to help your most important asset, your people, when they need it.

 

We make life easy for your HR and payroll people

Our salary deduction department will administer your group scheme for you. This process can be tailored to suit the requirements of your payroll department.

This involves advising your payroll department of new members joining the Scheme and notifying you of the premium to be deducted from payroll, notifying you of any cancellations or amendments to existing policies throughout the year and reconciling your scheme on a monthly basis making sure premiums are up to date.  If there are any discrepancies we will investigate this for you.  And then upon the renewal of your scheme, we review your cover and premium making sure you are always on the most competitive offer.

At the end of the day, our customers value our personal touch as we make ourselves available to you, we organise workshops and meet your employees in the work place at a time that suits you and we help you in that on-going challenge to attract and retain the best people. And as we do all of this, you can focus your time on continuing to grow your business.


29th May, 2015

Posted In: Advice, Insights