Lend a hand: Being there for your employees – in sickness and health

MANILA, Philippines — The novel coronavirus, as with other dreaded diseases, doesn’t discriminate. Rich or poor, everyone's vulnerable.

Sadly for most of us, getting hospitalized for a certain illness is one "luxury" we just can't afford. 

Realizing that health care benefits are essential to employees’ productivity and success at work, some employers are now looking into adjusting their employees’ benefits — for the better.

Employees’ safety comes first

To help companies or SMEs get started, Maxicare introduces its newest product: Maxicare Hospicash.

Maxicare Hospicash is a hospital income benefit that companies and SMEs can add to their existing Maxicare HMO plans.

Maxicare Hospicash provides a daily hospital income cash benefit for employees during days when they are confined. This is especially helpful for those who have already used up their allotted sick leaves and may face loss of income. In addition, it can help manage transportation, food and medicine costs plus other expenses related to getting hospitalized.

It also offers personal accident benefits to cover accidental death and dismemberment.

And so, even when many companies or SMEs provide a standard HMO plan, here are five reasons why availing of this add-on benefit to your existing HMO plans could be an advantage for you and your employees:

1. Added protection

Maxicare Hospicash will help your employees have peace of mind. With an added financial support for employees even amid days of no work due to hospitalization, they will have more resources to spend for expenses not covered by their HMO.

2. Enhanced productivity

Employees that are well taken care of by their employers are more productive than those who are not. In addition, healthy and secure employees perform their tasks well as they have fewer health expenses to worry about. Remember, employee productivity is key to your business performance.

3. A caring atmosphere

A caring workplace is one where leaders genuinely care about their employees -- in sickness and in health. Providing financial aid in times of difficulty due to health concerns will most likely create an atmosphere of security and comfort.

4. Builds financial stability

As cash benefits are already offered, employees will be less likely to request loans and advance pay even amid a health emergency. As we all strive to maintain our financial stability, this is a great way to lessen sudden expenses yet provide security and protection to your workers at the same time.

5. Helps build loyalty

Employee loyalty is your most important resource. When employees know that they are well taken care of, they will be more willing to invest in their work and go the extra mile to help the company grow and prosper beyond setbacks and competitors. 

Maxicare Hospicash is truly “Recovery made easy” as it liberates employees from worrying about expenses that come with getting hospitalized. It allows them to focus on healing and regaining their good health. 

In a workplace environment, “lending a hand” to your employees doesn’t literally mean “to do the work for them.” It’s about standing up for the team, protecting them, being accountable with them, offering emotional and financial support, and leadership presence during times these are needed the most.

For more information, visit https://www.maxicare.com.ph/news-announcements/help-employees-stay-financially-secure-with-maxicare-hospicash/ or call your Maxicare Health Benefit Executive.