Is Medical Reimbursement a Must for Every Company? Let's Discuss Its Benefits

Ranganathan L
Hi all,

Can anyone tell me if Medical Reimbursement is compulsory in all companies? If yes, then what are the usefulness?

Thanks & Cheers,
Ranganathan
atawa
Hi,

Medical reimbursement may or may not be compulsory depending on national and company policies.

Where the nation or state has a policy for medical treatment for the people (such as health insurance schemes), then the company can willingly choose to additionally provide for the medical facility for its workers. In such cases, the company has to abide by the specific provisions of its medical policy, ensuring that all conditions for the enjoyment of the company's medical facility are satisfied by the employee. Otherwise, the employees will have to benefit from the national or state medical facilities only, and the company should encourage its employees to register to enjoy the national or state medical facilities.

If there are no medical facilities in the company, then the company is not obliged to honor medical reimbursements.

Sometimes situations arise where medical reimbursement goes beyond company medical facilities, such as in cases of workmen's compensation, where the employee claims medical reimbursement due to suffering from occupational hazards. In such instances, it is advisable to refer to the workmen's compensation law or other relevant statutory provisions for these types of benefits.

Hope this helps.
jayabarati
Hi,

Our organization has made medical reimbursement an essential and important component of the salary package. We may earn a lot, and during an emergency, we may not even have a penny to spend. This is mainly to help the employee during an emergency.

Apart from that, we get tax benefits out of it. At least to save tax, medical reimbursement is a must for any organization. Other details Mr. Atawa has briefed.

Regards, Bharathi
smit2008
Hi,

I have prepared a Medical Reimbursement policy for my company. Please help me with it. Can anyone also assist me regarding the items that are to be covered in the Medical Reimbursement Policy and those that are not to be covered?

Smita
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