In our increasingly global marketplace employers need to consider medical tourism options. For a self insured company set-up is simplified, cost savings substantial, and mutually beneficial for both patient and employer.
From the employers point of view a Medical Tourism Option is an addition benefit for employees, plus a real solution for reducing medical costs. By offering a Medical Tourism benefit the employer is meeting the needs of cultural and ethnic groups within their census that may prefer to go back home, or to a country that speaks the patient’s first language.
Employees will consider medical travel if their employer offers the benefit for both cultural affinity reasons and/or financial incentives. The cost savings for outbound procedures and surgery can reduce total cost by over 60% Procedure Costs. With a significant savings employers are able to design options that waive deductibles, co-pays, include the travel costs and still save medical costs.
Global Benefit Options is actively engaged to work direct or alongside your broker, agent, consultant and to be a part of open enrollment and participate in your companies Benefit Fair. Employers are often surprised by the amount of interest and openness exist within their current population. Education and resources aimed at employees will increase the participation and lower costs. A custom designed Medical Tourism Benefit Option by GBO could be created in time for your next open enrollment. Contact us today for a complimentary consultation.