{"id":1740,"date":"2021-12-08T12:03:01","date_gmt":"2021-12-08T06:33:01","guid":{"rendered":"https:\/\/www.plancover.com\/insurance\/?p=1740"},"modified":"2022-03-09T12:59:33","modified_gmt":"2022-03-09T07:29:33","slug":"why-should-you-go-for-gmc-and-gpa-as-an-employer","status":"publish","type":"post","link":"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/","title":{"rendered":"Why should you go for GMC and GPA as an Employer?"},"content":{"rendered":"\n<p>When you are an employer, leading a small business with an employee count ranging from 7 to 450, it is a rational step to go for GMC and GPA. Post COVID-19, the Indian Government has made it mandatory for companies to arrange group medical insurance policies for their employees. Read on.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a06a26104454\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a06a26104454\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#What_do_the_technical_terms_mean\" title=\"What do the technical terms mean?\">What do the technical terms mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Why_do_you_need_to_buy_these_health_plans\" title=\"Why do you need to buy these health plans?\">Why do you need to buy these health plans?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#The_Group_Medical_Coverage_GMC\" title=\"The Group Medical Coverage (GMC)\">The Group Medical Coverage (GMC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Affordability\" title=\"Affordability&nbsp;\">Affordability&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Extensive_coverage_for_in-patient_hospitalization\" title=\"Extensive coverage for in-patient hospitalization\">Extensive coverage for in-patient hospitalization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Covering_emergency_hospitalization_costs\" title=\"Covering emergency hospitalization costs\">Covering emergency hospitalization costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Covering_costs_for_post-hospitalization_care\" title=\"Covering costs for post-hospitalization care\">Covering costs for post-hospitalization care<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Addressing_the_out-patient_expenses\" title=\"Addressing the out-patient expenses\">Addressing the out-patient expenses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Covering_the_costs_of_medications_and_diagnostic_services\" title=\"Covering the costs of medications and diagnostic services\">Covering the costs of medications and diagnostic services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Maternity_care\" title=\"Maternity care\">Maternity care<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Covering_the_expenses_of_treating_a_pre-existing_disorder\" title=\"Covering the expenses of treating a pre-existing disorder\">Covering the expenses of treating a pre-existing disorder<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Family_Floater\" title=\"Family Floater\">Family Floater<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#The_Group_Personal_Accident_GPA\" title=\"The Group Personal Accident (GPA)&nbsp;\">The Group Personal Accident (GPA)&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Covering_the_loss_of_life\" title=\"Covering the loss of life\">Covering the loss of life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Covering_temporarypermanent_disability\" title=\"Covering temporary\/permanent disability\">Covering temporary\/permanent disability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Dismemberment\" title=\"Dismemberment\">Dismemberment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.plancover.com\/insurance\/why-should-you-go-for-gmc-and-gpa-as-an-employer\/#Covering_the_medical_costs_for_accidents\" title=\"Covering the medical costs for accidents\">Covering the medical costs for accidents<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"what-do-the-technical-terms-mean\"><span class=\"ez-toc-section\" id=\"What_do_the_technical_terms_mean\"><\/span><strong>What do the technical terms mean?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As an entrepreneur of a small organization or an HR Leader, you need to know the full forms of GMC and GPA. When you are aware of the basics of the group medical insurance policies, it helps in choosing a suitable plan for the employees.<\/p>\n\n\n\n<p>The full form of GMC is Group Medical Coverage. It enables any person from a group of employees covered by the insurance to avail of requisite medical facilities during illnesses. On the other hand, GPA means Group Personal Accident. As the name suggests, it means payment of benefits resulting from any accident.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"why-do-you-need-to-buy-these-health-plans\"><span class=\"ez-toc-section\" id=\"Why_do_you_need_to_buy_these_health_plans\"><\/span><strong>Why do you need to buy these health plans?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As an employer with a strong vision, it should be a top priority to attract talent and also retain good employees. It helps in remaining competitive in the market. You ensure the growth of your company.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"the-group-medical-coverage-gmc\"><span class=\"ez-toc-section\" id=\"The_Group_Medical_Coverage_GMC\"><\/span><strong>The Group Medical Coverage (GMC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Firstly, let us discuss the major aspects of GMC. The insurance policy effectively spreads the risk among the members who are registered under it. Thus, the amount of premium to be paid for the policy is less. The company can keep the expenses under control.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-1024x1024.png\" alt=\"\" class=\"wp-image-2568\" srcset=\"https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-1024x1024.png 1024w, https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-300x300.png 300w, https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-150x150.png 150w, https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-768x768.png 768w, https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-100x100.png 100w, https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-140x140.png 140w, https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-500x500.png 500w, https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-350x350.png 350w, https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-1000x1000.png 1000w, https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer-800x800.png 800w, https:\/\/www.plancover.com\/insurance\/wp-content\/uploads\/2022\/03\/Why-should-you-purchase-employee-benefits-plan-as-an-employer.png 1080w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"affordability\"><span class=\"ez-toc-section\" id=\"Affordability\"><\/span><strong>Affordability&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>GMC from a top service provider is generally applicable to a large number of employees. There is a uniform distribution of the amount. Each policy beneficiary is equally entitled to the facilities of the insurance. There are no huge costs involved. The total premium amount is evenly shared.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"extensive-coverage-for-in-patient-hospitalization\"><span class=\"ez-toc-section\" id=\"Extensive_coverage_for_in-patient_hospitalization\"><\/span><strong>Extensive coverage for in-patient hospitalization<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One of the employees in your organization might need hospitalization due to a severe ailment. In such cases, both the employer and employee can safely depend on the provisions of GMC. It helps in covering the expenses in such situations, without any hassles.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"covering-emergency-hospitalization-costs\"><span class=\"ez-toc-section\" id=\"Covering_emergency_hospitalization_costs\"><\/span><strong>Covering emergency hospitalization costs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There can be an emergency medical crisis in which an employee might be needed to be hospitalized immediately. Prompt medical attention is a priority in such situations. The GMC takes care of these cases, too. The group medical insurance policy takes into account the costs of the treatment.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"covering-costs-for-post-hospitalization-care\"><span class=\"ez-toc-section\" id=\"Covering_costs_for_post-hospitalization_care\"><\/span><strong>Covering costs for post-hospitalization care<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There can be situations in which an employee, after being released from the hospital, continually needs medical care. It is termed post-hospitalization care. GMC from a top-rated service provider has provisions to cover expenses for this category of care, too. The employer and the employee do not face any trouble.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"addressing-the-out-patient-expenses\"><span class=\"ez-toc-section\" id=\"Addressing_the_out-patient_expenses\"><\/span><strong>Addressing the out-patient expenses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are cases in which an employee needs some out-patient medical procedure. It can be related to chemotherapy or dental treatment. There are obvious costs involved in these services. GMC plays a major role to take care of the costs.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"covering-the-costs-of-medications-and-diagnostic-services\"><span class=\"ez-toc-section\" id=\"Covering_the_costs_of_medications_and_diagnostic_services\"><\/span><strong>Covering the costs of medications and diagnostic services<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are many types of medications for different diseases. Also, the hospitals rely on diagnostic procedures to detect the ailment, its nature, and extent. It can be a blood test, CT scan, X-Ray, etc. A group medical insurance policy covers such expenses, too.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"maternity-care\"><span class=\"ez-toc-section\" id=\"Maternity_care\"><\/span><strong>Maternity care<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yet another benefit of GMC is addressing the issues of maternity care. An employee needs attention when she is expecting. There can be certain medical services that she needs. GMC focuses on covering the expenses of these services. It makes it easy to avail the required medical attention.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"covering-the-expenses-of-treating-a-pre-existing-disorder\"><span class=\"ez-toc-section\" id=\"Covering_the_expenses_of_treating_a_pre-existing_disorder\"><\/span><strong>Covering the expenses of treating a pre-existing disorder<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An employee from the group registered under the insurance policy might have a pre-existing disorder. The good thing about a standard GMC is it covers such medical conditions, too. So, if the employee receives medical attention to treat his pre-existing disorder, the policy pays for the services.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"family-floater\"><span class=\"ez-toc-section\" id=\"Family_Floater\"><\/span><strong>Family Floater<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Some GMC products include the family members of the employees. As an employee, you need to go through the details in the policy document, accordingly. So, in such cases, the family members of the employee can also get benefits from the policy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"the-group-personal-accident-gpa\"><span class=\"ez-toc-section\" id=\"The_Group_Personal_Accident_GPA\"><\/span><strong>The Group Personal Accident (GPA)&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When you want to make your company or small business attractive to raw talent from the industry, you should also include the facility of a GPA, along with the provision of a GMC. It has an extensive range of facilities for the employees.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"covering-the-loss-of-life\"><span class=\"ez-toc-section\" id=\"Covering_the_loss_of_life\"><\/span><strong>Covering the loss of life<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If an employee, unfortunately, loses his life in an accident, his family receives a certain amount from the insurance service provider. Some GPA policies have such clauses. It is essential to read each detail of the policy document before you decide to buy it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"covering-temporary-permanent-disability\"><span class=\"ez-toc-section\" id=\"Covering_temporarypermanent_disability\"><\/span><strong>Covering temporary\/permanent disability<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An accident can cause temporary or permanent disability for an employee. A standard GPA covers such cases. It covers the costs involved in providing medical attention to the employee in these situations. The guidelines of the GPA policy document mention the facilities the insurance can provide.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"dismemberment\"><span class=\"ez-toc-section\" id=\"Dismemberment\"><\/span><strong>Dismemberment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The employee of a group under the insurance policy can be affected by dismemberment due to an accident. A good GPA policy from a trusted service provider takes care of such cases, too. It covers the expenses for treatments and medications. There is no financial stress on the employee.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"covering-the-medical-costs-for-accidents\"><span class=\"ez-toc-section\" id=\"Covering_the_medical_costs_for_accidents\"><\/span><strong>Covering the medical costs for accidents<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A standard GPA covers the expenses required to pay for the medical services when an employee in the group, unfortunately, meets with an accident. Both the employer and the employee do not have to bother about the costs. The insurance policy takes care of the expenses.<\/p>\n\n\n\n<p><strong>Buy GMC and GPA from a reliable service provider<\/strong>It is wise to purchase GMC and GPA from a top-rated service provider in the market, such as <a href=\"https:\/\/www.plancover.com\/\">PlanCover.<\/a> It is a very cost-effective way to cover your employees against illnesses, emergencies, and accidents. Your organization reaps the benefits in the long run. The employee retention rates become higher.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you are an employer, leading a small business with an employee count ranging from 7 to 450, it is a rational step to go for GMC and GPA. Post&#8230;<\/p>\n","protected":false},"author":2,"featured_media":2565,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"","footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/posts\/1740"}],"collection":[{"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/comments?post=1740"}],"version-history":[{"count":3,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/posts\/1740\/revisions"}],"predecessor-version":[{"id":2571,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/posts\/1740\/revisions\/2571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/media\/2565"}],"wp:attachment":[{"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/media?parent=1740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/categories?post=1740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/tags?post=1740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}