Health Insurance News

In bygone years, employment was a straightforward exchange of company money for employee time and expertise. In 2017, the arrangement has become more abstract and complex and companies must carefully navigate relationships with their employees in order to succeed.

Many Australian business decision-makers believe that corporate health insurance is expensive - only suited to large businesses with massive cash reserves. Here at HICA we've been helping businesses with their insurance needs for decades and we know for a fact this this isn't true.

Any business owner worth their salt will know that their employee's health and productivity plays a massive role in ensuring success. Unproductive employees work slower, produce less and cost the business more, hurting your bottom line.

How can you make sure your employees are healthy, and should you offer corporate health insurance? What are the quantifiable benefits of productive, healthy employees?

Higher engagement

The Australian workforce is ageing rapidly. In fact, the increasing age of the nation's population is expected to cost state governments an estimated 6 per cent of GDP up to 2060, according to the Productivity Commission.

In general, an ageing population is a positive sign - it means we're living longer. However, when combined with unhealthy lifestyles and a demanding workplace environment it can lead to increases in health problems that are already prevalent in Australia's workforce.