GIPSA, PPN and Empanelment in Health Insurance - Explained
GIPSA, PPN in GIPSA, Points to remember before opting GIPSA services, hospitals, empanelment
October 5, 2022
Table of contents
This is one of the common questions we answer especially when it is a first-time policy buyer. There are 3 types of policies in group health insurance. They are,
In this, the employer only covers the employee and no involvement of the employee’s family. The employer can cover all employees including contractual employees.
In this case, the employer covers the employee, their spouse and their two children are covered. Anything more than two children, if added to the policy naturally increases the cost of the policy. With new laws coming into the picture by the Indian Government, the definition of spouse is now changing to the term partner. There are a lot of companies that are friendly toward the LGBT community and want to provide insurance to their partner, which can also be included in this policy.
In this case, the employer covers the employee, their spouse, children and two parents or in-laws. The employee can choose between in-laws and parents.
Companies today mostly consist of millennials as a part of their workforce. These millennials fall under an age group who aren’t married, so naturally, the best policy to opt for is the employee and parents policy. Healthcare benefits have become a crucial interest to employees after the onset of Covid-19.
Let us look at the various factors why you should include your parents in your GHI plan.
In the competitive job market today, providing a group health insurance policy to employees and their parents will be a deal-breaker for candidates. This will help the company to stay on top of its talent acquisition and employer branding as well.
Looking from an emotional perspective, employees would prefer an insurance plan that promises to provide security for their parents as well. The reason behind this choice is the fact that parents are more susceptible to diseases as they age.
When you club employee benefits with a good organizational culture, it can be a significant way to reduce attrition.
As much costly as a standalone policy can cost, GHI allows way lesser premiums with comprehensive benefits as well. So much so, that even pre-existing diseases are covered under the policy from day 1.