Welfare for employees
Protect your employees comprehensively and take advantage of tax benefits – now including coverage for pre-existing conditions and optimized for current challenges
Challenges for companies
The risks of lacking employee welfare coverage
In today’s work environment, it’s no longer just about productivity. Employee well-being is becoming increasingly central. Companies are increasingly facing the challenge of attracting and retaining talented employees in the long term. At the same time, protecting against health risks is of crucial importance. Illness or accidents can not only greatly impact your employees’ personal lives but also significantly reduce your company’s productivity and lead to high costs.
These challenges are further exacerbated by the ongoing demographic transformation. With increasing life expectancy and declining birth rates, the structure of society and, consequently, the needs of employees are changing. More and more households consist of just one person, which requires new social and care measures. At the same time, the so-called “Silver Economy” is becoming more important, as older people hold a significant portion of income and wealth. Their consumption and saving behavior increasingly focus on health, care, and combating loneliness.
In addition to these social changes, companies face new challenges arising from the health funds regulated by collective bargaining agreements (CCNL). Since January 1, 2022, there have been significant restrictions on the benefits provided by these health funds. These include the reduction of benefits, the elimination of reimbursements for daily allowances and convalescence, the introduction of spending limits, and the restriction of coverage for dependent family members. Additionally, co-payments have been introduced: 15% for surgical procedures and 35% for dental costs. These changes also affect existing supplementary plans, which have also been subjected to restrictions and co-payments.
These challenges are further exacerbated by the ongoing demographic transformation. With increasing life expectancy and declining birth rates, the structure of society and, consequently, the needs of employees are changing. More and more households consist of just one person, which requires new social and care measures. At the same time, the so-called “Silver Economy” is becoming more important, as older people hold a significant portion of income and wealth. Their consumption and saving behavior increasingly focus on health, care, and combating loneliness.
In addition to these social changes, companies face new challenges arising from the health funds regulated by collective bargaining agreements (CCNL). Since January 1, 2022, there have been significant restrictions on the benefits provided by these health funds. These include the reduction of benefits, the elimination of reimbursements for daily allowances and convalescence, the introduction of spending limits, and the restriction of coverage for dependent family members. Additionally, co-payments have been introduced: 15% for surgical procedures and 35% for dental costs. These changes also affect existing supplementary plans, which have also been subjected to restrictions and co-payments.
The consequences without our solution
How lack of protection and financial risks can impact your company
The consequences of inadequate coverage for your employees can be severe. Longer and more frequent absences due to illness are a common result of insufficient health insurance. Without adequate insurance coverage, employees often take longer to recover or neglect their health, which negatively impacts their work performance.
Moreover, companies that do not offer attractive additional benefits increasingly lose highly qualified employees to competitors who do. Finally, without corporate health coverage, significant tax benefits are left unutilized. This particularly concerns the deductibility of insurance premiums, which could significantly reduce your tax burden.
A particularly high risk exists for your employees’ pre-existing conditions: If these are not covered by insurance, they could result in high costs in the event of a claim.
With the new restrictions on health funds starting in 2022, many companies are additionally confronted with reduced benefits and increased costs. This affects not only direct healthcare costs but also indirect costs arising from longer absenteeism and lower employee satisfaction. Companies that do not respond to these challenges risk falling behind in a rapidly changing market environment.
Moreover, companies that do not offer attractive additional benefits increasingly lose highly qualified employees to competitors who do. Finally, without corporate health coverage, significant tax benefits are left unutilized. This particularly concerns the deductibility of insurance premiums, which could significantly reduce your tax burden.
A particularly high risk exists for your employees’ pre-existing conditions: If these are not covered by insurance, they could result in high costs in the event of a claim.
With the new restrictions on health funds starting in 2022, many companies are additionally confronted with reduced benefits and increased costs. This affects not only direct healthcare costs but also indirect costs arising from longer absenteeism and lower employee satisfaction. Companies that do not respond to these challenges risk falling behind in a rapidly changing market environment.
Our tailored welfare solution
Comprehensive protection, tax benefits, and coverage for pre-existing conditions
The Employee Welfare Solution offers a comprehensive insurance solution specifically designed to meet the needs of your company. This solution aims to protect your employees in various areas.
“Corporate welfare” refers to a system of services and benefits that employers can offer their employees as an incentive, instead of traditional cash bonuses. This system is advantageous for both parties: The company saves cash flow and benefits from tax advantages, while employees receive benefits such as reimbursement of healthcare expenses.
A central component of this system is supplementary health insurance. Your employees can receive reimbursement not only for their own healthcare costs but also for those of their family members. Particularly attractive is that contributions to such supplementary health insurance are tax-free up to an amount of 3,615.20 euros. This means that your employees can enjoy significant benefits without being fiscally burdened.
For companies, this offers the additional advantage that these contributions are subject only to a 10% solidarity contribution to the INPS (Italian National Social Security Institute), which is considered a deductible business expense and not as remuneration. Other tax and social security benefits include the non-consideration of certain benefits as employee income, such as contributions to certain social or health funds. These measures not only relieve financial burdens but also improve the quality of life and well-being of your employees.
This strengthens employee loyalty to the company and increases their satisfaction, as they have access to a comprehensive benefits package that covers all aspects of their lives.
“Corporate welfare” refers to a system of services and benefits that employers can offer their employees as an incentive, instead of traditional cash bonuses. This system is advantageous for both parties: The company saves cash flow and benefits from tax advantages, while employees receive benefits such as reimbursement of healthcare expenses.
A central component of this system is supplementary health insurance. Your employees can receive reimbursement not only for their own healthcare costs but also for those of their family members. Particularly attractive is that contributions to such supplementary health insurance are tax-free up to an amount of 3,615.20 euros. This means that your employees can enjoy significant benefits without being fiscally burdened.
For companies, this offers the additional advantage that these contributions are subject only to a 10% solidarity contribution to the INPS (Italian National Social Security Institute), which is considered a deductible business expense and not as remuneration. Other tax and social security benefits include the non-consideration of certain benefits as employee income, such as contributions to certain social or health funds. These measures not only relieve financial burdens but also improve the quality of life and well-being of your employees.
This strengthens employee loyalty to the company and increases their satisfaction, as they have access to a comprehensive benefits package that covers all aspects of their lives.
Maximize Your Tax Benefits
How to reduce your tax burden and social security contributions
In addition to comprehensive insurance coverage, our welfare solution offers significant tax advantages that your company can utilize. The insurance premiums you pay are tax-deductible, which can significantly reduce your tax burden. This deductibility makes corporate healthcare not only an investment in the well-being of your employees but also a financially attractive option for your company.
Moreover, you benefit from savings on social security contributions, as the contributions are generally not subject to social security taxes. This means that both your company and your employees will pay less in social security contributions, further reducing personnel costs. The contributions to supplementary health insurance that you pay as an employer are subject only to a 10% solidarity contribution to the INPS. These amounts are considered deductible business expenses and not as remuneration, providing you with additional financial leeway.
Further benefits arise from the non-consideration of certain benefits as taxable income for employees, such as contributions to social or health funds. This allows your company to offer attractive additional benefits without imposing tax disadvantages on your employees. To fully exploit these benefits, it is important that the contributions are paid to properly registered funds and contractually agreed upon.
The introduction of corporate welfare measures offers significant tax and financial savings for companies. For example, companies can save about 33% of the costs compared to paying traditional cash bonuses through the use of welfare benefits. At the same time, employees benefit from increased purchasing power, as these benefits are not taxable and therefore fully available.
Moreover, you benefit from savings on social security contributions, as the contributions are generally not subject to social security taxes. This means that both your company and your employees will pay less in social security contributions, further reducing personnel costs. The contributions to supplementary health insurance that you pay as an employer are subject only to a 10% solidarity contribution to the INPS. These amounts are considered deductible business expenses and not as remuneration, providing you with additional financial leeway.
Further benefits arise from the non-consideration of certain benefits as taxable income for employees, such as contributions to social or health funds. This allows your company to offer attractive additional benefits without imposing tax disadvantages on your employees. To fully exploit these benefits, it is important that the contributions are paid to properly registered funds and contractually agreed upon.
The introduction of corporate welfare measures offers significant tax and financial savings for companies. For example, companies can save about 33% of the costs compared to paying traditional cash bonuses through the use of welfare benefits. At the same time, employees benefit from increased purchasing power, as these benefits are not taxable and therefore fully available.
Protection and financial security for your employees
Tax-free benefits and comprehensive coverage, including pre-existing conditions
Your employees also benefit significantly from the welfare solution. The insurance premiums are generally not considered taxable income, so your employees do not have to pay additional taxes on these benefits. This means that your employees receive comprehensive insurance coverage without having to bear additional costs or contributions.
It is particularly important to note that our solution also covers pre-existing conditions. This offers your employees the security of being protected even in the presence of existing health problems, without having to worry about high treatment costs. This not only strengthens employee loyalty to the company but also contributes to a positive corporate culture where employee well-being is a priority.
Furthermore, through the welfare solution, we offer a system that allows your employees to receive reimbursement for their own healthcare expenses as well as for those of their family members. This not only increases your employees’ financial leeway but also significantly contributes to improving their quality of life.
It is particularly important to note that our solution also covers pre-existing conditions. This offers your employees the security of being protected even in the presence of existing health problems, without having to worry about high treatment costs. This not only strengthens employee loyalty to the company but also contributes to a positive corporate culture where employee well-being is a priority.
Furthermore, through the welfare solution, we offer a system that allows your employees to receive reimbursement for their own healthcare expenses as well as for those of their family members. This not only increases your employees’ financial leeway but also significantly contributes to improving their quality of life.
Support from our experts
Optimal advice for your specific needs
Assiconsult is your trusted partner in finding the best solution for your company. Our experts provide comprehensive advice and help you fully leverage the tax benefits by tailoring your welfare solution to your specific needs. We ensure that you get the most out of your welfare solution, so both your company and your employees benefit equally.
Secure the Future of Your Company and the Well-Being of Your Employees!
We will be happy to assist you
Contact us today for a no-obligation consultation and discover how the Employee Welfare Solution from Assiconsult can drive your company forward.