The UAE has one of the most developed healthcare infrastructures in the world, ranking among the top 10 in the world in 2018. To ensure proper access to effective medical treatment for all, both Dubai and Abu Dhabi have made it mandatory for companies to provide compulsory group health insurance to employees. In Dubai, the final phase of the mandatory Essential Benefits Plan (EBP), rolled out by the DHA, was concluded in June 2016. With this, employers with less than 100 employees were also brought under the purview of the law.
So, even if your company employs just 10 to 15 people, you are legally required to provide group health insurance benefits to employees. Providing health insurance benefits to employees is a time-tested way to increasing loyalty and productivity, while being able to recruit great talent.
To ensure a win-win situation, choose a provider that caters to the needs of small businesses. Here are some factors to keep in mind while making this choice.
Tailored Solutions for SMEs
Cost could be a major factor for a small company. So, look for plans that can be customised to your company size. Also consider factors like your budget and the insured sum. For instance, according to Dubai law, all employees are eligible for basic health insurance, with annual premium between AED 550 and AED 750 and insurance cover of up to AED 150,000 per annum. In addition:
- Ensure that the plan covers a wide network of good hospitals for cashless treatment.
- Check pre-hospitalisation and post-hospitalisation facilities.
- Check for swift and seamless pre-authorisations and claims processing.
- Check whether the plan covers maternity procedures.
Look for Convenient Solutions for You and Your Employees
Look for an insurance plan with 24/7 customer support. Your employees and HR department should be able to reach the insurer easily during emergencies. Flexibility and transparency in claim pay-outs and online procedures will be appreciated by your employees too.
SMEs can benefit from the affordability and predictability of good group health insurance plans. It pays to do a little research before choosing the right one.