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Healthcare and Risk Consulting

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Introduction

Healthcare has become an integral part of employers’ benefit offerings over the last number of years and there are few signs that the importance of healthcare is going to diminish at any stage in the future. The Irish health insurance marketplace has recently seen significant changes. The choice and complexity of options now available are forcing employers to consider reviewing the market with particular regard to the appropriateness and cost effectiveness of their benefit provision.

Internationally Watson Wyatt Worldwide has a strong reputation for healthcare consulting. With the increased demand from clients for assistance in this area, Watson Wyatt (Ireland) Limited has a dedicated Healthcare division which is ideally positioned to provide independent and expert advice in relation to your health care arrangements. We analyse benefit programs with a view to increasing their attractiveness, both to employers and to employees.

Healthcare benefits

Healthcare benefits can be divided into the following categories:

  • Private Health Insurance
  • Healthcare Cash Plans
  • Dental Insurance
  • Employee Assistance Programme (EAP) provision
  • Wellness Programmes
  • Bespoke Medical benefit schemes
  • International Private Health Insurance (employees working overseas)

Healthcare provision

We have local experience in all of these areas and are best positioned to advise our clients in all aspects of healthcare provision. Companies may consider:

  • Appraising current healthcare benefit offerings
  • Introduction of new benefits where appropriate
  • Communication of benefits packages to employees
  • Offering some form of health allowance
  • Offer choice of insurers and plans
  • Today’s attraction and retention challenges make a good benefits package more important than ever. With the increased competition in the health insurance market, the choice of plans available requires careful consideration to insure that the levels chosen match the profile of your employees and indeed your company.

    Watson Wyatt Ireland has a wide range of experience in helping companies review, implement and communicate their healthcare / health insurance benefits. In most cases we have helped clients to maintain or reduce costs, increase awareness and provide greater flexibility while at the same time improving the benefits on offer to employees.

    Further information

    For more information please contact our healthcare consultant Aongus Loughlin on +353 (0) 1 614 6872.

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