Companies fail to provide health cover due to ‘cost’

Posted On 24 Jun 2013
Comment: Off

Nearly one quarter (23 per cent) of employers want to provide international health insurance to staff working abroad, but claim that the cost prevents them, according to a report by Expacare. The research revealed that one third of employers (33 per cent) consider it a personal choice for employees. However, more than one quarter (28 per cent) of employers’ view international health insurance as essential for any staff working abroad. Healthcare inflation is currently at an all-time high, meaning businesses are ever more wary of costly insurance. For companies operating with staff overseas, it is crucial they ensure their employees are adequately covered. They should purchase the right policy, using a tailored approach or modular approach according to their business needs, particularly if budgets are limited. They should also know exactly what their staff are covered for so they are not left vulnerable overseas. Employers are aware of the elements they consider most important on an international healthcare plan. Twenty per cent believe that cancer cover is one of the most important parts of a policy, while nearly 40 per cent believe medical evacuation is crucial. One quarter seek a 24-hour medical helpline and just over one quarter want their staff to have a choice of medical facilities and doctors. However, many still omit a number of vital provisions, despite there being a number of flexible options available. Palliative cancer cover is an often overlooked element on policies, with only one in ten considering this most important. This is despite a high number of employers citing cancer cover as essential. The report also indicated some causes for concern. Sixteen per cent of employers think travel insurance covers their staff’s health needs overseas. Meanwhile, a further one in ten believes that when operating in the EU there is no need for health insurance.

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.