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Aug 22, 2013
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Health insurance: Firms moving to co-payment model to cut costs
Faced with rising outgo on account of health insurance premiums, India Inc is increasingly shifting to the co-payment model, whereby up to 25 per cent of the claim amount will have to be borne by the employee. The insurance company will pay the balance.Co-payment provides tangible benefits to companies in terms of reduced insurance premium.Typically, the co-payment ratio for the employee ranges from 10-25 per cent. So, for every claim of Rs 1 lakh the policyholder has to shell out Rs 10,000 from his/her pocket, before the insurer pays up the remaining Rs 90,000.
Source -
http://www.thehindubusinessline.com
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