Health Insurance

Salary might be where the employment conversation starts, but it’s rarely where it ends.

Flexible working, leave, professional development, workplace culture and wellbeing all contribute to how employees value their overall employment package. For businesses competing for skilled people, those benefits can also influence how an organisation stands out to prospective employees.

But simply adding more perks isn’t necessarily the answer. A better question is: which benefits will your employees genuinely value? Corporate health insurance is one option worth considering. Unlike some workplace perks, its potential value extends beyond the working day into something relevant at every stage of life: our health.

So, could corporate health insurance benefit your employees? Let’s look at what it actually involves, the potential value for employees and employers, and the questions worth asking before deciding whether it’s right for your organisation.

Choosing private health insurance can feel a little like opening a menu with far too many options. Hospital, Extras, excesses, exclusions, waiting periods, limits, rebates. By the time you reach the bottom, choosing the first thing that looks affordable can become very tempting.

But health insurance is personal. A policy that works brilliantly for your colleague, partner or very enthusiastic neighbour may make little sense for you.

Most Australians do not spend much time thinking about ambulance cover until they suddenly need it. But an unexpected accident, chest pain, sporting injury or family emergency can result in an ambulance callout within minutes, and the cost can come as a surprise.