Information about business health plans

Sanitas understands that not all companies are the same. Each company has different needs, so Sanitas adapts its company health plans to suit the needs of each business. In all cases, cover can be provided not just for the employees, but for their families as well..

When you take out a business health insurance policy in Spain, your business is usually responsible for the full cost of the insurance, so you will be eligible for the maximum tax related benefits (up to €500 euros per employee per year).

If you prefer a scheme whereby your employees contribute towards the cost of the healthcare, you can choose how this is split between the company and the employee. You can also choose a system whereby the employees pay the full cost, but receive preferential rates as they are paying via your company scheme.

Exclusive services for company policy members:

Corporate Customer Services: Dedicated customer services for the management and maintenance of your policy.

Comprehensive service for the administration of your policy, from the moment you decide to purchase:

Assistance with specifying the coverage that you need; explanations of benefits and the range of services available; support for the administrator within your organisation, making it simple to add new employees or make changes to the cover. The Sanitas head office business centre has a dedicated team of 25 professionals available 365 days per year. Sanitas also has executives who specialise in the management of either large corporate accounts or small to medium sized businesses.

Tax advantages

When you purchase private health insurance for your employees there is a double tax benefit:

1. For your company:
   The cost paid by the company for health insurance for its employees may be deducted 100% as a social expense in the corporate tax return.
2. For your employees:
   The premiums or contributions paid by the company to insurers for sickness coverage of employees, their spouse or children (not exceeding €500 per person) will not be considered as a benefit in kind as long as the company assumes the cost.
   
   If the cost of the insurance is split between the company and the employee then only the premium paid by the company in excess of 500 per year for each member of the family is classed as a benefit in kind. The costs paid by the employee have no tax implications.
   
   If the employee assumes the cost of the policy in full, in principle there are no fiscal implications from the point of view of the employment relationship between the company and the employee, as well as no tax benefit.

For further information please contact us here.