PRACTICAL GUIDE · WORK AND BUSINESS
Caring for your people is also an investment in your business.
Pay matters. Knowing that the company cares about their health and their family’s security can also make a difference to how valued an employee feels.
A well-chosen benefits plan can strengthen motivation, make your company more attractive and help retain talent.
Business health insurance: everyday support
Making healthcare easier to access is a practical way to support your team. Depending on the chosen plan, cover can include consultations, tests, hospital stays, online doctors and other health services.
For employees, this means more options for looking after themselves. For the company, it is a way to promote wellbeing and enhance its benefits package.
Business life insurance: security for employees and those who depend on their income
Illness or an accident can change a family’s life. Business life insurance can provide financial protection in the event of death or disability and, where selected, cover for certain critical illnesses.
The lump sum can help employees or their families meet expenses and adjust during a difficult time.
Health insurance helps with medical care. Life insurance adds financial protection. Together, they can form a more comprehensive benefits plan.What are the advantages for the company?
As well as supporting employees, premiums for these policies may qualify as tax-deductible expenses where the applicable requirements are met.
For health insurance, eligible expenses can be taken into account at 120% of their value when calculating taxable profit.
For example, €1,000 of eligible expenditure can result in a €1,200 tax deduction. This does not mean receiving €1,200 or saving that amount in tax.
The treatment depends on how the benefit is provided, who is covered and the statutory limits. Confirm it with the company’s certified accountant. The enhanced deduction for health insurance does not automatically apply to life insurance.
How do you create a plan your team values?
- Listen to employees: understand their main needs.
- Set a sustainable budget: benefits should support your team over time.
- Set clear eligibility criteria: the structure of the plan also affects its tax treatment.
- Explain how to use it: provide a simple summary of cover, contacts and available services.
Shall we design a plan for your team?
We help you combine business health and life insurance to suit your company’s size, employees’ needs and available budget.