Corporate Insurance: A Key Factor for Employees

Corporate insurance, or Group insurance, is a type of insurance benefit provided to employees by their employer. Typically, it includes health insurance and social security benefits. With corporate insurance in place, employees can access healthcare services such as outpatient and inpatient treatments during times of need.

Moreover, corporate insurance is often a major consideration for job seekers when evaluating potential employers. However, if not managed properly, it can become a significant financial burden for companies. To help mitigate this risk, here are a few important points to consider.

Corporate Insurance Boosts Employee Morale

Corporate insurance is a proof of a company’s care for its employees. Not only does it enhance employee well-being, but it also contributes positively to productivity in the workplace.

With access to corporate insurance, employees gain peace of mind when facing health issues. They won’t need to spend large amounts of personal funds for medical treatment. By simply presenting their corporate insurance card, they can receive care in line with the terms and conditions of the policy.

Challenges in Managing Corporate Insurance

One of the main challenges in managing corporate insurance is the rising cost of premiums and the complexity of the claims process. On top of that, annual medical inflation can further inflate company expenses. Additionally, many companies struggle with the lack of detailed claims reporting, making it difficult to develop sound financial planning. Without the right strategy in place, these financial burdens can negatively impact a company’s profit margins. The good news is these challenges are manageable.

As a Third-Party Administrator (TPA), Global Excel Indonesia provides smart solutions to help businesses take control of their corporate insurance budgets. With a flexible approach, your company can manage insurance costs more efficiently, tailored to your needs and budget.

Administrative Services Only (ASO): Corporate Insurance Without Premiums

With the ASO model, your company can provide health protection for employees without purchasing a traditional insurance product. Under this scheme, the company becomes self-insured while Global Excel Indonesia handles the entire administration process, including verification, payment, and reporting. This model addresses key challenges in corporate insurance management, such as:

• Lack of flexibility in benefits

• Limited transparency in reporting

• Premiums misaligned with the company’s budget

With ASO, your company gains full control over both the budget and health benefits. Global Excel Indonesia helps design efficient cost management strategies tailored to your company’s needs. With comprehensive and transparent reporting, you’ll be able to make better strategic decisions for planning and controlling employee healthcare expenses.

ASO: A Flexible Solution for Managing Corporate Insurance Costs

If your company is looking for a more efficient and flexible way to manage healthcare expenses while retaining full control over employee health benefits the ASO model is the right solution. It allows you to create a health program that fits your employees needs and aligns with your financial goals.

As a Third-Party Administrator (TPA) with over 25 years of experience, Global Excel Indonesia is ready to be your trusted partner in implementing the ASO program. We offer transparent and reliable services, supported by a robust and comprehensive reporting system. To experience a seamless insurance process, ensure your group insurance is managed with Global Excel Indonesia. Interested in our direct agreements with clinics and hospitals across Asia? Click [here] to learn more.

Want to discover how ASO can benefit your company? Contact us at +62 21 5084 5400 or email us at Indonesia.Enquiry@globalexcel.co.id for a consultation on employee health solutions and corporate insurance management.