Why Work from Home Employees Need Health Insurance
Due to the coronavirus pandemic, many people were forced to work from their homes to make a living. Some became instant remote employees when their employers had them work remotely while others had to look for jobs as virtual assistants or freelancers.
Working from home is not necessarily less-stressful than working in the office. Remote employees tend to get distracted more frequently at home. They can get stressed out from various circumstances, including instances of overworking and the ever-present social isolation, especially during crises like the current coronavirus pandemic.
Employees are likely to get sick and suffer from various illnesses, even when they’re at home.
Health Insurance Keeps Remote Employees Financially Secure
Many employees want to feel that their companies care for them. Those that offer HMO or Health Maintenance Organization coverage can boost the people’s morale and improve their workplace performances. HMOs can secure people financially when they get ill.
Not All Companies Offer HMO Coverage
Not all companies offer HMO coverage to their employees upon regularization, despite whatever an employee might otherwise believe. Some businesses have problems with their funds, and it possibly worsened thanks to the coronavirus, keeping them from providing health insurance for many of their employees.
Several businesses even favor hiring freelancers in place of additional full-time employees because their expenses are cut. Companies only need to pay for the freelancer’s wages, and they don’t need to spend more on employee benefits, including health insurance.
HMO May Not Be Able to Cover the Treatment of Critical Illnesses
HMO has limited coverage, and the benefits cease once people reached the maximum limit on the employee’s yearly plan. The HMO coverage is more limited than health insurance plans since it is essentially a health card that people can use to pay for consultations or hospitalization.
After the yearly limit is exceeded, people need to pay the medical costs themselves, and they’ll likely have problems in the future as they pay out of their pockets. Having health insurance Philippines can help employees with their medical expenses and receive additional benefits, including cash benefits, dividends, and life insurance. Health insurance plans are also highly customizable, allowing people to have more financial security according to their healthcare needs.
Work from Home Workers Can Get Sick
As mentioned above, remote workers can get ill even when they’re in the comforts of their homes. Work from home employees, both freelancers, and full-time employees, can suffer from many stresses at home due to lack of social interaction and overwork.
Many remote workers suffer from lack of sleep due to their continuous use of social media and the constant absorption of COVID-related news content during the lockdown. The accumulated stress can lead to illnesses that negatively affect an individual’s health and productivity. A company without any health insurance coverage for their full-time employees won’t be able to support their employees, resulting in lower productivity rates.
Because employees can only do so much to have HMO benefits in their workplace and the coverage ends when they’re no longer employed anyway, they need to invest in their own health insurance plan tailored to their specific healthcare needs. Health is wealth, and spending on an insurance policy themselves allows the remote employees to secure themselves regardless if they’re full-time employees, part-time remote employees, or freelancers.
Work from home employees are not disqualified from needing affordable health insurance policies and health insurance comparison Philippines is an ideal way to have one. Personal health is vital, and people need to prioritize it more than ever, especially since we’re in the middle of the pandemic. There’s no telling if a remote worker gets a common cold or worse, the coronavirus. They need to ensure that they’re ready to meet such instances without suffering massive financial losses. There’s no point in working only to pay for the medical bills.
Start comparing health insurance policies to get the most affordable policy that can sufficiently cover your healthcare needs. To learn more about health insurance, visit our website at www.ichoose.ph or contact us at 875 6677.
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