Employee health benefits and COVID-19

November 23, 2020

Yesterday can be compared to today but today cannot be compared to tomorrow. Merely because we do not know what tomorrow holds for us. Who in November 2019 knew that later that same year and beyond, the world would be grappling with a virus that now has hit the world economy like a meteorite dropping from the sky? No one, not even the greatest fortune tellers, managed to predict this crisis. The health of millions is at stake, and millions of people have had their daily routines disrupted by the COVID-19 pandemic.

This article aims to demonstrate how health insurance can assist corporations and their employees through the difficult times of COVID-19. We will first present the impact of COVID 19 on business operations and shall then address the roles that health insurance can play and the behaviors that organizations can adopt to mitigate the risks.