To help Indian IT MNCs offer insurance coverage to their US employees, Hanna Global Solutions has launched a US healthcare exchange solution.
Speaking to City Express on Tuesday, Mathew Augustine, Chief Operating Officer (COO) at Hanna Global Solutions, a US-based human resource and employee benefits management company, said that the solution developed in partnership with United Healthcare offers employees more choice to buy health benefit plans that suit their needs better.
The exchange solution will not only help the companies cut costs and reduce their administrative burden, but will also comply with the US Health care regulations, he explained.
“In the US, even a visit to a clinic can cost $200 unlike here, where out-patient services are cheap,” the COO said and added that the new healthcare regulation in the US was making it mandatory for all to have an insurance cover.
In addition to the general medical insurance, employees will be able to choose from other plans that the exchange solution offers, including dental, vision, life and disability. The COO added that the plans were designed in such a way that some can obtain high benefit levels, while others can avail of low benefit levels with varying premiums. The choice is of the employee. “If an employee exceeds the amount covered by his employer, the insurance company bears the extra amount and the employee concerned can repay it in premiums. The coverage in US is without any limits,” said Augustine.
Hanna Global Solutions and United Healthcare already jointly serves over one lakh employees from global Indian companies and their family members living in the US.
Apart from the exchange solution to employers, Hanna also has direct interaction with individual employees to help them through their call centre in the US.