Yes! It is common for employers in many countries – particularly larger companies – to provide medical insurance cover for their staff as an employee benefit. It is relatively inexpensive for the company to provide, and it is always well received by staff members and their families.

 

If your staff are global nomads, it is even more important to have medical insurance specifically designed for international nomads and expatriates – having a team of specialists (provided by the specialist insurance company) to assist with any required medical treatment in an unfamiliar country, is priceless.

 

As employee benefits go, proper medical insurance (i.e. NOT travel insurance, it is not the same thing) is high on the list, second only to “a salary” and perhaps a pension plan. And it doesn’t take a genius to work out that if you proactively look after the long-term interests of your staff, your staff will be even more inclined to proactively look after the long-term needs of your business and its customers - you’ll have a much higher staff retention rate (or a lower staff turnover rate, depending on your perspective, they’re the same thing) which in most cases will reduce your recruitment expenses, reduce your training costs, and reduce the disruption to your business operations inevitably caused by changing employees in key positions.

 

Our suggestion for the best process to follow is this:

 

Step 1: Talk to us, find out and understand what your options are

Step 2: Discuss with your company board or corporate advisors

Step 3: Talk to your employees, listen to them, get feedback and preferences

Step 4: Talk to us again, confirm the pricing based on your preferences, and be 100% sure how it works

Step 5: Discuss the finalised details with your company board or corporate advisors again for approval

Step 6: Talk to us again to implement and set up the specific plan

Step 7: Fully inform your employees of their medical insurance benefits and make sure they understand everything

Step 8: Carry on growing your business with happier staff and no medical insurance-related drama after setup!

 

At any stage of the process we are ready, willing and able to help, so just contact us and ask us anything!

FYI we also provide the following products and services which make excellent employee benefits:

PensionsForNomads: A globally-portable individual retirement plan, domiciled in a tax-free international financial centre, which provides a guaranteed minimum future value and is fully invested into a highly regarded and low-cost S&P 500 tracker. Available to all nationalities except USA citizens/residents and any country subject to full international sanctions. Find out more at https://www.PensionsForNomads.com 


LifeInsuranceForNomads: An international life insurance policy designed specifically for global nomads, which provides practical help and support to the family and/or next-of-kin of the insured person in the event of death, in addition to the monetary value of the insurance. Can also be used as "key-person" insurance to provide financial protection to a business in the event of death of key employees. Find out more at https://www.LifeInsuranceForNomads.com