Showing posts with label contributory. Show all posts
Showing posts with label contributory. Show all posts

Saturday, June 29, 2024

A different kind of Health Card (experimented in house)

Every generation needs a revolution - an entrepreneurial revolution

To take care of the health of our staff, we experimented having this kind of health card:

1.  We had contributory:    1:5 ratio.   For every 1 of employee we gave P5.00  If the employee resigns, he gets the P1.00;
2.  The rewards are for not getting sick:
      1.  If you get sick and have to use the card,  the employee premium rises by 10%; the employers does
           not;
      2.  The unspent employee fund for not getting sick is tallied and totaled:  it is a savings health card;
            unlike most health cards which are spend health card.
      3.  There is free med exam at the start of the year blood exam, ecg, etc to make sure you are healthy
      4.  There is PE every Saturday and this is funded by the Health Care fund


This made profit and had accumulated fund as surplus.  For one reason or another, Management discontinued this   SAYANG