In the near future, employers are likely to pressurize employees for co-contribution as part of their cost-sharing model for group mediclaim policies.
Many employers have recognized that the only way to go ahead is through cost sharing. This is evident from the fact that co-pays or deductible and premium contribution by employees are the most common benefits changes planned for 2012 or later.
Room rental restrictions are the other features seen in the corporate Mediclaim policies. Mr. Arvind Laddha, Chief Executive, Vantage, said that room rental restrictions are now being imposed by the employers to control the costs involved in the corporate Mediclaim policy. He also said co-payment of claims is increasingly seen in the corporate Mediclaim space.
Preventive care is slowly catching up across all health insurance market. Many employers are realizing the role of preventive care in controlling claims and they have expressed their desire to offer coverage for routine checkups and preventive care.
Of late, the rate of increase in premiums had stabilized. While the rate of growth in premium was around 40% in 2010 over 2009, it is around 10-15% in 2011 over the previous year. Going ahead, though there will be rise in premiums; the growth rate will be in the range of 10-15%.