Please help me with the policy which you follow for the Employee Group Medical insurance. Since last year we had a huge claim on our insurance which is 224% we have got the quote from various insurance company which is 3 times double than the last year. Since the contribution what we are showing from the employee is very minimal this year we cannot go back to them asking them to pay more premium.My questions are...
1) Is there anyone who have come across this type of situation
2) How do you handle such cases? Do you ask the employee to pay the different amount or you as an employer take the complete obligation of the premium?
Awaiting a response from all the seniors.
Regards,
Maya

From India, Bengaluru
PMaya - In most cases, organization takes the brunt of the differential until salaries are revised. I prefer going for lower payouts (= lower premiums) if your corporate entity is agreeable and employees aren't affected.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.