A Medical Insurance Scheme is an arrangement where the risk of sickness and/or injury is spread over a group of individuals. In Kenya, the most common types of medical schemes are inpatient, outpatient, major medical, and critical care plans.
Businesses and institutions use corporate medical schemes to the advantage of their employees and the business. With the rising cost of healthcare in Kenya, having a medical insurance plan gives employees the peace of mind. This boosts efficiency and productivity when employees know that they are protected from unexpected medical expenses.
Individual medical schemes are designed for individuals and families who want to access healthcare services privately. Corporate medical schemes, on the other hand, are designed for businesses and organizations that want to provide healthcare coverage for their employees.
The main difference between individual and corporate medical schemes is the group size. Individual medical schemes are designed to cover only one person or a family, while corporate medical schemes cover a group of people, usually employees of a business or organization. This group coverage can often lead to lower costs per individual, as the risk of medical expenses is spread over a larger group.
As a business owner, you will want to make sure that your employees are protected from any risks that may come their way. One way of doing this is by purchasing medical insurance for them. Below are the different types of corporate medical schemes in Kenya that you can choose from;
An insurance consultancy firm can work with companies to determine which type of medical scheme is best for their needs, taking into account factors such as company size, budget, and employee healthcare needs. By offering customized solutions, the firm can help companies provide their employees with the best possible healthcare coverage.
A common saying in Kenya and indeed around the world is that, “You are just one medical bill away from poverty”.
Medical insurance in Kenya is a must when it comes to protecting your employees. With the right corporate medical scheme, you can enjoy the peace of mind that comes with knowing that they will be well taken care of if they fall ill or get injured.
Medical insurance in general helps you save money in case of an emergency and ensures that you don’t have to spend all your savings on medical bills.
The importance of getting the right medical scheme cannot be overstated as there are numerous schemes on offer today but not all are suitable for everyone’s needs and preferences. You need to engage an experienced insurance consultant in Kenya to help you identify the best medical schemes for your business or organization.