International Medical Insurance for employees – explained

International Medical Insurance for employees - ??explained

There are five key factors you should be aware of when setting up international medical insurance policies for employees.

Most multinational companies set out with the objective that any group international medical insurance should ensure that employees working abroad are properly cared for, wherever they are working. The complexities of the market however sometimes means that schemes in place compromise on the international health care offered and actually cost more than they need to.

Here the five major considerations you should think about before evaluating any of the products from the 25 or so available international medical insurance providers.

1. The scope of international medical insurance required

Are you providing for emergencies only or planning to ensure that your employees and their dependents have quality medical care for all eventualities? Do you want to offer a different level of cover depending on the quality of local services available at various locations? Should employees benefit from different levels of cover depending on their seniority? Do you want to include expatriate and nationals in the same scheme? All of this needs carefully defining for your existing situation and any likely future changes.

1. Local legislation in territories you work in