Employee Incentives and Education
Motivated individuals will travel long distances for medical treatment. Plan sponsors should be prepared to offer financial savings to motivate employees to travel distances for treatment.
To a lower-paid employee enrolled in a medical plan with deductibles and coinsurance, the financial gain associated with seeking this low-cost alternative for treatment may prove appealing.
Global Health Care debate occurs in different groups and associations. A recent example concerns the United Steelworkers union when letters of protest were sent to the Senate and House committees because a company exported its member’s health care to another country. In an effort to avoid that kind of conflict, employees now pay a deductible or percent of the cost of major medical procedures that are performed in the U.S. Those employee costs are waived for medical travel. As an incentive for medical travel, employers may choose to share their savings by offering a no deductible option for specific medical procedures performed overseas. After a few employees experience successful medical travel, other employees will embrace the idea.
An online organizational education and wellness program is a proven method to increase employee’s awareness of health-related issues. Education and health monitoring services can greatly reduce absenteeism and promote healthy living. This employee benefit can be cost-effective for the employer because it offers the potential to lower health care claims paid through the insurance program. Employers may also offer financial incentives for participation in these wellness programs in the form of lower monthly insurance premiums.
The MTM e-Catalog provides specific information on products, prices, packages, providers and destinations in Global Health Care – Medical Travel – Medical Tourism