Why Middle Eastern Companies Should Extend Medical Insurance to Include Parents

In this short essay, you will see how Medical Insurance on employees’ parents can benefit the companies and serve their objects. The aspects are the following:

1.    Showing and gaining respect:

By including parents in medical insurance, corporates are expressing their appreciation to people who raised their employees, and we know how much parents means in sons’ & daughters’ life in Middle East. Therefore, and as it is expected, that workers will return this gesture by doing their job in best ways they could.

2.    Enhance company’s attraction to quality people:

It is not a secret that one of the benefits companies can offer to any prospective or current employee is to include their parents in health insurance coverage. As a result, companies’ ability to hunt or keep valuable employees would increase.

3.    Not the first company:

There are many examples of successful entities, which considered as attractive workplaces in Middle East, that implying parents’ medical insurance and they are known of this benefit.

4.    Financial cost and return:

There are many facts that Middle Eastern Companies need to consider when doing financial assessment. First, not each employee has alive parents; therefore, they will be excluded from this benefit. Second, foreign employees are also will be excluded since their parents are normally live in other countries. Third, assigning professional negotiator surly will affect the overall of cost medical insurance. Furth, Middle Eastern societies is not like western ones, in caring for parents and in staying in strong connections with them, therefore, comparison between Middle Eastern and foreign companies’ experiences is not fair. Finally, the number of employees in growing companies is an advantage for these entities as they can rely on their prospectively of workers number increasing when discussing insurance prices.  

However, since the cost of medical insurance will be decreased when a company has a considerable number of employee is negotiating a price, corporates can give the option of parents medical cover to its workers by asking who wish to include his/her parents in the policy to pay a discounted cost.