Why do i need health insurances?

Your company’s results are achieved through hard work, reflecting the great effort that you and your employees put in every day. You work together to make the company grow, to maintain and improve its position in a market that is always so competitive.

 We at Cigna encourage you to support your employees and look after your company’s health, because business success is about more than just numbers. A company with healthy workers is a healthy company.​

We give you 5 good reasons for taking out good health insurance.

1. ATTRACTING AND RETAINING TALENT:IT'S A REWARD FOR LOYALTY

The high level of competition between companies makes it imperative to offer the best benefits to achieve increased commitment from your company's current and future employees.

They are your business’s greatest asset. They represent the talent and are the ones who will turn the projects and dreams you have for your company into reality, and they will define the success and prosperity of your business. Attracting and retaining their talent is down to you.

We at Cigna understand that looking after your employees, motivating them and recognizing their worth, boosting and rewarding their efforts will pave the way for a future full of successes and corporate wellbeing.

Health insurance is the social benefit most valued by employees in social benefit policies and flexible benefits packages.

Taking out Cigna health insurance for your employees means showing commitment to their health.

2. IT INCREASES EMPLOYEE PRODUCTIVITY AND REDUCES STAFF ABSENTEEISM

What happens when one or your employees or their family members gets sick? Absences, lost work, delays, leave and low productivity.Or a reduction in work time, which is the same thing. And, in any company, time is money.

Early intervention helps to prevent various conditions or reduce their duration, and eliminating unnecessary red tape reduces waiting times. All this translates into a reduction in the amount of leave and days lost. Absenteeism rates go down and productivity increases as a result.​

With Cigna health insurance, both employees and their families are guaranteed convenient and rapid access to private health, with the best professionals and quality medical care, without any waiting.

3. PROVIDES TAX SAVINGS COMPARED WITH INCREASING SALARY

How can I increase the purchasing power of my employees?  Increasing salary or providing an employee benefits package are the most common options.

Taking out health insurance for your employees as part of your employee benefits policy will not only increase their purchasing power but will also bring you tax advantages compared with increasing salary.​

The first €500 invested by companies in health insurance (per person per year) is not considered as a benefit in kind (it does not have to be declared for IRPF (personal income tax) purposes, it is deductible (relief at 30%) for the purposes of Corporation Tax and only 30% counts towards the company’s Social Security bill.

Furthermore, this measure only affects employees earning less than €43,272 per year, which is the maximum level for companies to make employee social security contributions. Above this amount, the company the company makes no further social security contributions and the employee gets the same advantages.

Average salary (National Institute of Statistics) = €22,726

Investment in net annual salary increase or in health insurance = €500

4. ALLOWS THE DEVELOPMENT OF UNIQUE AND PERSONALIZED PRODUCTS

Taking out health insurance involves selecting the product that is best suited to your day-to-day needs and your company structure.​

Cigna lets you configure each aspect of your health insurance in a customized way, from the type of product and additional cover to the type of investment to make in your employees, always according to your needs and the organizational requirements of the company.

5. IT OFFERS YOU MORE ATTRACTIVE TERMS

Taking out health insurance for your company enables you to benefit not only from better premiums but also better cover than for individual policies, because collective policies benefit from reduced costs and administrative expenses, and more attractive premiums can therefore be offered compare with individual policies.​

Joining Cigna means choosing commitment to health, success in identifying the most suitable product, getting a good service, the convenience of healthcare without waiting lists and the peace of mind of getting the best healthcare.