As an employer, providing your employees with the option to secure their health and that of their family members is essential. With Multiplier, you can offer localized insurance coverages specially curated for different countries across the globe.
To add insurance during onboarding, follow the below steps:
Step 1: Navigate to 'Hire & Onboard' on the left sidebar.
Step 2: Click on 'Onboard an Employee’.
Step 3: Add the employment details such as - Eligibility, Basic Details, and Compensation. Once that’s done, click on ‘Continue’ to proceed.
Step 4: Select the appropriate insurance plan for the employee and family members/ dependents (as applicable) from the below options.
Note:
Family insurance plans are available in most countries. In other countries, dependents can be added individually, and the dependent details will be collected on the employee’s platform.
It is mandatory to offer benefits/insurance in some countries. The employee can skip insurance if they are already covered under another policy.
The insurance cost (including that of dependents) will be billed annually. In the USA, the insurance premium is billed monthly.
During onboarding, you can select employer-employee contribution wherever applicable.
On the insurance page, you can:
i) Read about each plan by clicking on ‘Learn More' under a specific plan.
ii) Compare the different types of insurance plans by clicking on ‘Compare plans’.
iii) Understand the cost of each plan for the employee and the dependents.
Individual Insurance
Step 5: If you wish to provide insurance only for the employee, click on individual insurance.
5.1: Click on 'Compare Plans" to compare the different types of insurance plans available.
5.2: Scroll down to view or click on ‘Download Factsheet’ to understand more about the actual coverage and claim details under each plan.
A factsheet refers to a detailed document with information on the insurance services available to the insured person. You can find details on inpatient hospitalization, outpatient coverage, vision and dental services, accident and disability insurance, along with frequently asked questions about insurance.
5.3: If you prefer to know about one particular plan, click on the ‘Learn more’ button.
5.4: Once you have selected the appropriate plan, click on the ‘Select’ button right at the bottom of the plan and click on ‘Continue’ to proceed.
Family Insurance
Step 5: If you wish to provide insurance to the employee and family members, click on family insurance.
5.1: Click on 'Compare Plans" to compare the different types of insurance plans available.
5.2: Scroll down to compare or click on 'Download Factsheet' to understand more about the actual coverage under each plan. Select the desired plan and click on ‘Continue’ to proceed.
A factsheet refers to a detailed document with information on the insurance services available to the insured persons. You can find details on inpatient hospitalization, outpatient coverage, vision and dental services, accident, and disability insurance, along with frequently asked questions about insurance.
5.3: If you prefer to know about one particular plan, click on the ‘Learn more’ button.
5.4: Once you have selected the appropriate plan, click on the ‘Select’ button right at the bottom of the plan and click on ‘Continue’ to proceed.
Individual and Dependent Insurance
Step 5: Dependent insurance plan allows an employee to avail insurance benefits for individual dependents along with self. Usually, dependents include the spouse and children of the employee. An exception is for unmarried employees in the Philippines whose parents can also be added.
5.1: To compare the benefits of each plan, click on 'Compare Plans'. You can scroll down or click on ‘Download Factsheet’ to know more about the actual coverage of the plans.
A factsheet refers to a detailed document with information on the insurance services available to the insured persons. You can find details on inpatient hospitalization, outpatient coverage, vision and dental services, accident and disability insurance, along with frequently asked questions about insurance.
5.2: If you prefer to know about one particular plan, click on the ‘Learn more’ button.
5.3: Once you have selected the appropriate plan, click on the ‘Select’ button right at the bottom of the plan.
5.4: Check the 'Include Dependents' box to add insurance for the employee's spouse/children.
5.5: Enter the number of dependents (collected from the employee or the limit your company usually provides) and click on 'Continue' as shown below.
Step 6: Proceed to input country-specific compliance information and send the contract to your company signatory for review and signature.