For many of us who are employed, there are employer-provided medical plans. They can be as selective or inclusive as the employer wants, usually tied to the cost of those plans. The more expensive the plan, the less likely the employer is to cover the entire cost.
This is where executive insurance comes into play. Executive medical reimbursement means that medical expenses that would have otherwise not been covered under a traditional plan are covered by the executive plan. Whether that means an executive physical or something more specific, it will be covered.
Executive Physical
While it may sound like a standard physical, the executive physical is different. These physicals are far more comprehensive than the traditional physical. They are meant to benefit not only the employee in question but the company as well.
The purpose of these physicals is to go beyond the normal physical and identify potential issues before they start occurring. For valuable members of an organization, it is meant to keep health as the priority so that those employees can continue to play their role within the organization.
Retention Becomes Easier
Another benefit of care like this is that it becomes easier to keep those valuable employees who would have otherwise left. Money is no longer the driving factor as it once was in employment searches. Proper benefits are playing a huge role in these moves and having comprehensive benefits can sway a valuable employee into staying.
