In a fast-paced work routine, it is difficult to prioritise your wellbeing, which often means that taking care of yourself after work is often neglected. However, it is difficult to remain effective and happy in the long term without paying attention to your health. Maybe that’s why Estonians are on average about ten years behind the Nordic countries in terms of healthily lived years?
In a competitive labour market, employers are constantly looking for ways to attract and retain top talent. While salary and various benefits have been the usual motivators, offering supplementary health insurance as an added bonus can make a difference.
Improving employee well-being and efficiency
Studies have shown a direct link between access to quality healthcare and workers’ well-being and productivity. According to a study published in the Journal of Occupational Health Psychology, healthier workers are more engaged, less absent from work and more focused on their tasks.
By offering health insurance, employers provide access to urgent medical care, which can reduce absenteeism and increase overall motivation.
An attractive employer
Salary is no longer the only deciding factor when choosing a job. Complementary health insurance can be a strong differentiating factor when looking for a new job.
According to a survey by global consultancy Mercer, 79% of employees consider health benefits to be an important benefit of joining or staying with a company. Offering this bonus can help attract top talent and retain the valuable employees already in place, reducing recruitment and training costs.
Peace of mind for the worker
By offering health insurance, the parties with the right mindset win. If the employer receives a healthier and better cared for employee, the employee gains peace of mind because there is protection in case of unexpected concerns. It reduces daily stress and the risk of overthinking, provides financial security in the event of an accident and often offers early prevention.
Seemingly complex management scares people away
Many see the provision of fringe benefits (health benefits and insurance) as an additional cost that does not pay back and is a luxury for workers. Probably the most daunting part is the cost, and the whole process – finding providers, contracting, managing staff – is often put off.
In reality, the picture is the opposite, according to a World Economic Forum study, every euro invested in promoting workers’ well-being can return €2.30 in return on investment (ROI). However, failing to make this investment can culminate in employee burnout and long-term sick leave.
However, it seems like a long process to start offering insurance, as you first need to find out what your employees want and then look for a suitable insurance provider who will take all their wishes into account, prepare a unique offer and continue to communicate with them even after the policies have been signed, as there are as many employees as there are different needs and questions.
Stebby’s innovative health insurance module allows you to conveniently combine health compensation and insurance and offer it all in one environment. Administration, decision making and billing are therefore all done in one place, requiring fewer resources from the employer and creating a secure environment for the employee to protect their health.
The unique health insurance module simplifies work
Stebby’s new health insurance module, together with 360° Health Protection, offers three different health insurance packages for all company employees – Be Healthy, Fast Treatment and Cared For, which take into account the wishes of employees and include tax-free health promotion costs (€400 per year). Among other things, the packages also leave enough freedom of choice and flexibility for employees. For example, those who wish to take advantage of the Stebby’s wellness compensation in addition to the insurance can choose the Be Healthy package, which also leaves €200 tax-free for the purchase of wellness services.
Therefore, insurance is a service with which the employee can choose whether and how much preventive work to do for health. Importantly, it does not create any additional tax liabilities for the employer, but the packages are designed as tax-free health promotion.
The activation and selection of packages for the whole company can be done by the employer. Individuals cannot purchase packages separately.
Both health insurance and wellness compensation can be managed in Stebby. Find out more about 360° Health Protection on https://business.stebby.eu/tervisekaitse/.
