When putting together a company remote working policy, you will need to factor in what health insurance is needed for your workforce, and how best to provide it. Worker location can have a major effect on cost, coverage and application of health insurance benefits, especially where remote workers are based overseas.
- Group Health Insurance: One way to offer health insurance to remote workers is to purchase a group health insurance plan for your company. This allows all eligible employees, including remote workers, to participate in the plan.
- Health Savings Accounts (HSAs): Another option is to offer Health Savings Accounts (HSAs) to remote workers. These accounts allow employees to set aside pre-tax dollars for healthcare expenses.
- Health Reimbursement Arrangements (HRAs): Another option is to offer Health Reimbursement Arrangements (HRAs) to remote workers. These plans allow employers to reimburse employees for certain out-of-pocket medical expenses.
- Self-insured plan: Some companies may choose to self-insure, which means they pay for employee healthcare expenses out of their own funds. This approach allows the company more flexibility in plan design and benefits offerings.
- Provide stipends: You can also provide remote workers with stipends to help them purchase health insurance on their own. This approach allows remote workers to find a plan that best fits their needs and budget.
Please keep in mind that, each country has its own laws and regulations regarding health insurance, so it is crucial to check the laws and regulations of your specific country before making a decision on how to provide health insurance to remote workers.