As the medical illnesses and emergencies are on the rise, the healthcare costs have also increased many folds. People are finding it difficult to meet the healthcare expenses and especially with a medical emergency, it becomes very difficult to manage the finances. Realizing the significance of this situation, people are securing their health and financial future by purchasing medical insurance policies.
Similarly, the organizations have also recognized the importance of medical insurance for their employees and have made it a part of their objective in improving corporate wellness. It is beneficial for the employers as health insurance takes care of the medical expenses of their employees and prevents major setbacks. Additionally, with the implementation of corporate wellness programs, employees can ensure health maintenance and disease prevention of their employees. This, in turn helps in reducing the medical insurance claims, thereby reducing the employer’s expenses on medical insurance.