Expat Health Benefits Decreasing Shows Need for Private Insurance
London, UK (PRWEB UK) 10 July 2013 -- According to Employeebenefits.co.uk , the amount of expats that received health benefits from their employer decreased last year.
In 2012, 70% of expats received private medical insurance, compared with 83% the year before. The health benefits offered to employee’s dependents dropped even further, from 74% to 57%.
David Retikin, Director of Operations at Pryce Warner International Group, commented: “Expat benefits have decreased significantly over the years, and the days when expats could get their home, car, children’s education and family’s healthcare paid for by their employer are long gone. These statistics show that expats are continuing to lose employer benefits in the form of healthcare, and that expats need to find a way to fill the gap themselves. The best way for expats to resolve this is to seek comprehensive private medical insurance from a third party that will cover them and their family, and if necessary allow them to travel to another country for medical treatment if the treatment in their country of residence is not adequate.”
The study by Employee Benefits surveyed 376 HR and benefits professionals in order to collect data on current expat benefits. The most common form of healthcare benefit provided by an employer was Private Medical Insurance (33%), then life assurance (28%) and then health insurance for employees’ dependents (27%).
Aneil Fatania, Pryce Warner International Group, http://www.prycewarner.com, 00-44-207-735-5885, [email protected]
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