Benefits at Work: How International Coverage Can Be Used to Support Talent Acquisition and Retention
Many companies are struggling with how to attract and retain employees. It’s a “buyer’s market” and the talent pool may be considering multiple job opportunities or deciding if their current gig is worth staying for. One of the key factors is location flexibility. Employees (and prospective employees) are expecting more freedom to work from anywhere, including outside the U.S. However, their desire for global mobility is outpacing employer readiness.
Our Blue Cross Blue Shield Global Traveler Companion offering can help satisfy these needs in a way that is palatable for employers. This rich benefit is unlike any employer-sponsored offering in the market. It also provides employers a solution for their globally mobile employees who need short-term coverage for six months or less.
How it works
Plans purchase the product on behalf of a block of business (such as National Accounts). The risk, which is fully assumed by GeoBlue®, is spread across a sizable population. This enables us to offer a low PMPM (per member per month) fee. All employees and their dependents who are enrolled in the Blue Cross Blue Shield® employer-sponsored plan automatically receive the benefit.
International Travel 2.0: Preparing Your Members and Clients for the Upcoming Summer Travel Season
The pandemic has reshaped international travel and attitudes towards international travel medical insurance. Now, 74% of international travelers intend to protect themselves with international health insurance, compared to about 50% prior to the pandemic.
Plus, 75% of travelers surveyed said they would take more international trips this year compared to 2021, with 68% saying they already have 1–2 international trips planned.
Many countries have requirements for entry, including proof of adequate medical coverage.
The U.S. State Department encourages travelers to purchase supplemental short-term travel medical insurance.
Most U.S. health plans, including Medicare, do not cover medically necessary evacuations and may not provide direct payments to international hospitals and providers, as recommended by the U.S. State Department.
Help your members and agent partners prepare for the upcoming summer travel season
Get to know our plans for individuals that include medically necessary COVID-19 testing and treatment, medically necessary evacuation and repatriation, and global telemedicine services. Post this flyer on your individual agent portal and/or link to it in your agent communications.
Check out our Content and Campaign Guides for the Under 65 and Over 65 markets. You can use this content to message brokers and members about the importance of international health insurance.
GeoBlue Featured in Benefits Quarterly
GeoBlue was featured in a recent issue of Benefits Quarterly, published by the International Society of Certified Employee Benefit Specialists.
The first article falls under the Health Care Pricing and Payment Trends section and features an abstract from our e-book, Lost in Translation: How Evaluating a Global Network With a U.S. Mindset Can Lead to Misinterpretation.
The second article, Do You Mind? Exploring Our Willingness to Discuss Behavioral Health with Expatriate Employees, is in the Global Behavioral Health section.
Catch the Headlines: Be among the first to hear about news and issues impacting the globally mobile
Grab a Seat: Register for upcoming events and webinars featuring relevant topics and industry experts
Get to Know Us: Catch snippets of who we are and how we’re simplifying the international healthcare experience
Blue Cross Blue Shield Global® is a Brand owned by Blue Cross Blue Shield Association. GeoBlue is the trade name of Worldwide Insurance Services, LLC (Worldwide Services Insurance Agency, LLC in California and New York), an independent licensee of the Blue Cross and Blue Shield Association: made available in cooperation with Blue Cross and Blue Shield companies in select service areas. Coverage is provided under insurance policies underwritten by 4 Ever Life Insurance Company, Oakbrook Terrace, IL, NAIC #80985.
