PRODUCT DESCRIPTIONS
What Is MultiNational Group Benefit Plan?
For multinational organizations needing a US-style group benefit product, there is no better choice than the MultiNational Group Benefit Plan (MGBP). MGBP provides a comprehensive schedule of benefits for members in conjunction with the service component of MGBP Assistance Services, which are unavailable to members of any other international group benefit plan.
Who Is Eligible?
The eligible group would likely consist of either a
- US-based corporation,
- organization which employs US employees abroad,
- local country nationals (LCNs) in a country other than the US, or
- third country nationals (TCNs) working in a country other than their home country, but not within the US.
These organizations are faced with the daunting task of recruiting, hiring, training and retaining employees from these disparate groups and providing them with a benefit package which will keep them on a competitive par to avoid turnover that can be devastating – particularly in an international setting.
Groups of 3 or more, with 80% participation or more of the eligible group, with a single payer source and billing location are required for MNU to consider the group.
Advantages Of A Group Benefit Plan
The main reason an organization should consider a MultiNational Group Benefit Plan is its value in recruiting and retaining qualified employees. Additional benefits to the plan include a monthly billing cycle, the ability to easily add and delete employees from the coverage, and slightly more flexible underwriting in comparison to individual major medical coverage.
How Do I Apply For MultiNational Group Benefit Plan?
Prior to generating a quotation for the MultiNational Group Benefit Plan, MNU must receive a completed Request for Quote Form. If you would like to receive a copy of the Request for Quote Form, please send us an email at:
mnu-enquiry@GHISpecialists.com
|