Question

The employer will contract with an insurer to provide employees with coverage for various benefits that may include:

Answer 1

Solution:

Following benefits are covered under insurance plan taken for employees by employer :

1) Hospitalization expenses coverage which is the basic benefit of such insurance.

2) Additional benefits along which hospitalization expenses like maternity coverage, vision and dental insurance.

3) Wide access to various healthcare facilities under this insurance cover.

4) Having an insurance cover like this boost the productivity of the employees as they have peace of mind that their health care expenditure are covered under this insurance.

5) Save taxes as the employer pay the insurance premium pre tax money of employee which can save tax of employee up to 30-40% on their health insurance premium.