Employer benefits of health insurance

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Positive impact on absenteeism

  • Businesses offering subsidised health insurance for their full-time employees can experience on average 17 per cent reduction in absenteeism.
  • Decreased absenteeism contributes to less stress and workload for remaining employees - one third of employees believe they will suffer greater stress when their colleagues are absent due to a serious condition.
  • Employees without health insurance are waiting twice as long for elective surgery than those with subsidised health insurance.

Valuable for attracting staff

  • A third of all full-time employees say that, when choosing new employers, subsidised health insurance is more important than subsidised income protection, the employer’s corporate reputation and recommendations from friends or family.

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 Effective retention tool

  • Employees with subsidised health insurance believe they are more likely to stay with their employer than employees without it.
  • Employees with subsidised health insurance rate their job satisfaction higher than those without health insurance.

 

Proactive health management

  • Employees with subsidised health insurance manage their health more actively* than those without.

*By being more likely to visit a doctor for a regular check-up, a medical specialist or physiotherapist and have elective surgery.