Insurance advisor Towergate Health and Protection has urged employers to act to ensure employees are “fully covered for healthcare” now Britain has left the EU.
The firm said one of the challenges of Brexit is the importance of international employers “complying with the differing mandatory requirements for benefits and healthcare across different countries”.
While Britain was part of the EU, certain globally mobile employees were covered under local policies. However, since Brexit, Towergate has stated employers now need to look at each country individually to understand their specific requirements.
For example, in Germany critical illness cover, income protection, and life assurance are all covered within private medical insurance (PMI). But for employees in other countries, employers would have to purchase these elements of cover separately, to ensure employees are fully protected.
Sarah Dennis, head of international at Towergate Health and Protection, said: “In-country expertise is now essential for any international employer with staff in Europe. If employers do not have this capability within their company, then it is vital to gain access to specialist advice and information, particularly regarding something as important as health and wellbeing.”