What is an HMO?
A health maintenance organization (HMO) is an organization that is best serving an individual or company with health care packages that will cover one’s needs during a time of illness. This covers the services of a physician, hospital care, and treatments.
What is the importance of HMO?
One advantage of an HMO is that they typically offer lower monthly premiums and out-of-pocket costs (deductibles, copays, and coinsurance) than other types of insurance plans. An HMO is especially affordable for people who only need basic medical care such as annual checkups and immunizations.
Virtual Assistants should also be able to avail themselves of affordable health insurance policies. People need to prioritize health and getting a decent healthcare benefit is more important now, especially since the pandemic. There’s no telling if a remote worker gets a common cold or worse, the coronavirus. This will also prevent employers from suffering financial losses.
Virtual Assistants or remote workers get sick, too, even when they are working in the comfort of their homes. Work-from-home employees can suffer from many stresses at home due to a lack of social interaction and a higher tendency to overwork themselves.
Many remote workers suffer from a lack of sleep. The accumulated stress can lead to illnesses that negatively affect an individual’s health and productivity. A company without any health insurance coverage for its full-time employees won’t be able to support its employees, resulting in lower productivity rates and employees leaving due to lack of a crucial medical benefit.
At F@B VP, members are able to enjoy the HMO coverage as soon as they reach 1 year in tenure. Most VA agencies do not provide this benefit, and this is one of the reasons why the members of the team stay.