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Employers save 12% on employee Health Insurance Premiums

April 1st 2010 may mean something different to many Australians, but it’s the day when health insurance premiums go up and the annual debate on how deep our pockets are heats up. However, there is a way for businesses to save their employees money on health insurance – and gain valuable employee engagement on the way.

In this time post global financial crisis recovery, when employees are looking at positions elsewhere, employee engagement has become the key to loyalty and staff longevity. Businesses are finding if they don’t reward and engage with their staff, they can have trouble keeping them. And the rewards don’t necessarily mean more money, or be job-related.

Employee benefit program solutions provider Anista director Dujon Zivic said many companies could actually save their employees – and their business – money by creating a group health insurance program. The National Health Act enables health funds to provide a discount of up to 12 per cent.

“Almost all Australian companies can negotiate better corporate health insurance plans for their employees, simply by using their staff numbers, and a willingness to connect” Mr Zivic explained.

“Typically businesses with more than 300 employees can negotiate favourable insurance terms through the waiver of waiting periods, discounts, better products or better service. This number comes down even further if companies can contribute to hospital excess.

Negotiations for a corporate health care program can not only net better terms, but also secure access to corporate-style products and a host of other services such as company flu vaccinations, executive health checks, stress management and weight loss programs.

For more information about how Anista can help boost a business’s employment offering through group health insurance visit www.anista.com.au.

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David Olsen

David Olsen

An undercover economist and a not so undercover geek. Politics, business and psychology nerd and anti-bandwagon jumper. Can be found on Twitter: <a href="http://www.twitter.com/DDsD">David Olsen - DDsD</a>

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