A Message from Jill Neilson - PDF document

1 A Message from Jill Neilson, Global Lea
A Message from Jill Neilson, Global Leader Each month this Member Profile introduces you to one of our Global Network Members. The Featured Network Member provides an insight to their key values and how they support our clients – locally, regionally and globally. Country : Australia Company: HICA Insurance Brokers Contact : Jethro Still Member From: 201 2 Overview of HICA HICA is Australia’s largest independently owned specialist corporate health insurance consultant with over 30 years We offer tailored corporate health insurance solutions to Corporate, SME’s, professional groups and associations , as well as individuals. At HICA, our people are at th e core of our service offering. HICA has the most experienced and dedicated corporate health insurance management team in the industry with combined expe rience in excess of 100 years. Our teams ’ stry best health insurance solutions and services to some of Australia’s most recognizable corporate, financial service and insurance broking organizations. Describe some of the challenges that multi national employers face in your market. Recruiting and retaining motivated and talented employees in Australia’s highly e labour market is a challenge. A quality corporate health insurance plan is a key employment benefit and workplace he alth and wellbeing initiative. However, Australia’s health care system is unique, complex and embroiled in legislation affecting both employers and employees alike. Tax implications and inefficiencies with various plan funding and structure options are considerable. The burden and risk exposures on HR who attempt to evaluate, implement and administer a corporate health plan directly are substantial. Accordingly, demand for professional support and advice in this space from multinational employers is high. Tell us a bit about legislativ e benefit developments and trends in your country and how they are impacting h ow clients manage their benefit plans. Successive legislative ch

2 anges together with increasing health in
anges together with increasing health insurance r companies that haven’t adapted from traditional health plan offerings. HICA has developed a diverse range of innovative and flexible plan structures designed to reduce legislative exposure risk; provide cost control and certainty to the employer , whilst also facilitating alignment of the corporate health plan with HR recrui tment and retention objectives. Additionally, w e can assist with structures that may reduce or eliminate Fringe Benefits Tax (cash in kind) implications. HICA not only brings v alue to clients in the development and implementation of an optimal plan structure, but in the ongoing administration, performance and sustainability , as well . Meet our Senior Executive Team here . What benefits do employees in your market value most? Private Health Insurance is an importan t part of the majority of Australian household budgets. As the cost and complexity of PHI increases for individuals and families, the opportunity for employers to attract and recruit staff through the quality benefits offered by a corporate health plan is growing ever more valuable and important. In addition to high quality health benefits, employees and their families value the free ongoing access to HICA’s professional support services to assist them with any hea lth insurance related matter. Through HICA, exiting employees retain access to HICA’s services and some of the market’s best retail and exclusive HICA Corporate policies, benefits, special offers and discounts not generally available to the public. For More Information About HICA If you have any questions about this Global Network Member, feel free to contact Christian Schrader, Director, at +1 415.617.3913 or Christian.schrader@conduent.com www.conduent.com/hrservices © 2017 Conduent Business Services, LLC. All rights reserved. Conduent and Conduent Agile Star are trademarks of Conduent Busi ness Services, LLC in the United States and/or other countries. BR371