Remote work has experienced incredible growth as Covid-19 has impacted the workforce. Companies have realized that their hiring pool is no longer local. They are able to hired the best professionals from all over the world. Prior to Benadvize, it was near impossible for Startups or Smaller International or Multi-National businesses to buy Remote Health Insurance or Remote Employee Benefits. But a distributed workforce — despite being far-flung — still need the best of Medical Insurance, Dental Insurance, Vision Coverage, Life, Pension and Disability Insurance.
But when it comes to Remote Health or Remote Employee Benefits, having fully equipped health insurance that works for all your global employees is very important. With that in mind, Benadvize has launched their “Remote Health” Employee Benefits programs with medical, dental, vision, life and Disability insurance for your global workforce. Benadvize can, also, provide resources for Pension, Payroll and Compliance.
Local Nationals and Workers that have relocated for a different lifestyle.
Both types of Remote Team Members can work from any country they choose, all while keeping your new Remote Health. Remote companies can cover all of their employees or contractors under one manageable insurance product, no matter where they live or travel/move to. Remote Health insurance works globally and whether they are on a full-time salary, a part-time contract or somewhere in between. It really doesn’t matter because it’s flexible and it can be scaled as your team grows.
Remote Health plans for teams range from $89-$365 per person, per month. Much of the rate depends on the age of the team member, the country that they work in and whether or not they are a “local national”. Our plans start at 1 employee! ONE! The larger your remote team, the lower the cost. For Remote Health, Employer Sponsored group plans are slightly more expensive than individual plan rates. That’s because they include so much more coverage and access to any doctor or hospital. If you are a small, but a business owners who needs to cover their virtual team members or freelance contractors around the world
Why Do I Need to Provide Health Insurance as a Remote Company?
“Do I really need to provide health insurance to a handful of employees?” The answer, if you want to attract and retain great team members, is an overwhelming “Yes.”
According to SHRM, to remain competitive in the talent marketplace, one out of three organizations increased their overall benefits offerings within the last 12 months, with health and wellness benefits being the most likely to experience growth.
Group Coverage Benefits
Shopping around for Remote Health plans has been difficult and expensive for employees — asked to obtain a Local National Plan — Or company HR teams searching for some type of solution through their normal brokers/resources.
And many times, buying something from a remote resource has proven fraught with fraud or bad actors.
Employee Satisfaction and Retention
Health insurance is a big deal to a lot of people for a variety of reasons. As a remote company, you may find that health insurance is the one benefit that will really sell a candidate to your company. Offering health insurance shows that you truly value your employees even though you’re not a huge corporation. In addition, studies show that offering health insurance increases employee loyalty and decreases turnover
Employees without health insurance are less likely to get yearly checkups or visit the doctor when they aren’t feeling well. This, in turn, can lead to a decrease in productivity. If their health grows worse, they may take time off work, which may hurt your bottom line. In addition to health insurance, consider implementing wellness programs.
Although providing Remote Health insurance will cost you money, time, Using Benadvize eliminates the effort.