Health insurance costs reduced by move to allowances
Allowance schemes give employers full control of healthcare costs
Faced with upward pressure on the costs of healthcare insurance, an increasing number of companies are considering switching from defined benefit health insurance plans to healthcare allowances.
“Many new schemes we put in place are based on an allowance model, where the employer gives every employee an allowance towards healthcare expenses,” said Dermot Goode at health insurance brokerage Total HealthCover.ie.
“With allowance schemes, the employer has full control of their costs and...
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