Comprehensive Report on AXA Health Insurance Plan Benefits in KSA

This report provides a comprehensive overview of the AXA Redefining and Cooperative Health Insurance plan and its benefits for employees in Saudi Arabia. It details the various advantages employees can obtain through this coverage, including expenses related to diagnosis, hospitalization, dental treatments, and vaccinations. The report outlines how employees can utilize the AXA Health Insurance plan through its International, Regional, and Local options, and explains the payment methods for health services. It also justifies the selection of AXA over competitors like Solidarity Arabia Takaful Company and Alrajhi Company for Cooperative Insurance, highlighting AXA's superior information provision and broader hospital coverage. Furthermore, the report emphasizes the necessity of health coverage for employee engagement and satisfaction, comparing the AXA plan with health insurance systems in the USA and India. The conclusion underscores the mutual benefits for both employees and organizations, with a focus on the convenience and rapid reimbursement offered by the AXA plan.

Title: AXA Health Insurance Plan
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Introduction
Accidents possess the nature of being unforeseen and
thus have the full potential of affecting people at any
place. Though most of the accidents can be prevented,
the careless attitude of people and organizations
makes them inevitable, leading to major injuries and
loss of health. In the current times, the organizations
have started giving lots of importance to the health
and security of their employees, even more after the
new rules that are provided by the health and security
administration in the workplace. Thus, the AXA
Redefining and Cooperative Health Insurance plan suits
the needs and requirements of the current labor
market and organizations.

Benefits to the Employees from AXA Health Insurance
Some of the various benefits of the AXA
Health Insurance plan are –The plan covers all
the expenses
associated with
diagnosis, medical
consultation,
medicines, and
treatments that
have been
highlighted in the
insurance policy.
The plan covers all
the expenses
associated with
hospitalization that
include surgeries,
treatments and also
special facilities for
women in their
maternity and
delivery time.
The plan also
facilitates the
employees with
treatment related
to dental diseases.
The plan also covers the
expenses of seasonal
vaccinations and the
vaccination during the
time of maternity. There
are benefits that are
provided to the child,
which have been
included after the new
instructions issued by
the Ministry of Health of
Saudi Arabia.

How Employees Can Use AXA Health Insurance Plan?
The AXA Health Insurance offers the employees with three
different plans. These plans cover different areas and services
that are –
International
Plan –
Under this plan, the
employees will have the
opportunity to select
medical treatments in
the popular hospitals
situated in the Gulf
region or any other place
in the world.
Regional Plan
–
The Regional plan
covers the treatments
that can be conducted
in North Africa and
other Middle East
countries and also in
the few parts of
South-East Asia.
Local Plan –
The Local plan is for
those who want
reassurance for the
quality health locally and
also require complaint
plans that are provided
at competitive premiums
(Gulf, 2018).

Method of Payment for Health Services
The AXA Insurance Plan offers the simplest and quickest
payment method, reimbursing the employees with
payment in a very short span of time.
After this, the employee will
be told about the amount
that will be reimbursed
under the plan by the AXA
Insurance plan and the
employees should draw a
printed receipt.
In a few cases, the employees will
also have to provide additional
reports, when the insurance
company is in doubt.

The employees then have to
fill the reimbursement form.
This is the final step for the
claim, and after this the
company will take 15 days
from the settlement of the
claim.
The employees can attain
additional assistance from their
official website or the new
mobile application with the
quick and easy method.
Contd.

Why AXA Redefining & Cooperative?
It is due to the simple and easy method that makes this Health
Insurance plan better from all its counterparts. The AXA
Insurance plan is simple for the employees to understand
unlike the plans offered by the Solidarity Arabia Takaful
Company or the Alrajhi Company for Cooperative Insurance.
Both these organizations are the biggest competitors of AXA
Redefining and Cooperative, but they lack to offer people with
appropriate information also they have a shorter coverage of
hospitals in comparison to the AXA company.

Benefits of Health Coverage
According to Ron Goldstein, there are many advantages of providing the employees with health
and wellness benefits. They are –
The health coverage has
the potential to outweigh
salary. In the current
competitive world, the
organizations are being
forced by the employment
market to include health
coverage that is effective
in attracting the best
workers in an
organization. In the recent
time, studies have proven
that the employees will
settle for lower pay if the
company is offering
higher rates of other
health benefits.
The health coverage is
also a way to keep the
employees engaged and
happy. There are
employees in an
organization that are the
key drivers in pushing the
entire team to perform
better for the
organization. Thus, the
organization has to give
more focus on such
employees and the health
benefit plan is the best
way to keep such
employees engaged and
happy.
The health coverage is
tailored according to
the needs and wants of
the employees. So, the
employees are
provided with plans
that fit their budgets
and financial needs.
This breaks the
traditional approach of
one size fits all, which
provides the
employees with
flexible approaches
(Goldstein, 2018).

Comparison of AXA Insurance Plan with other Countries
The health insurance plan in the United States of
America is planned on the basis of private and
public sector. In the case of universal health care
system in India, the health insurance plans are
built on the principles that cover all the
members of the society equally and the services
offered are also same for all the employees. In
the case of Saudi Arabia, it is divided into
primary, secondary, and tertiary sector, which
can be seen in AXA Redefining and Cooperative
in which the employees are provided with three
different plans depending upon the needs and

Conclusion
Thus, the AXA Redefining and Cooperative
Health Insurance plan is not only beneficial for
the employees but also beneficial for the
organizations. A secured employee offers better
and more productive work to an organization
and helps in attaining bigger success. The health
insurance plan of the AXA is best suited as it is
convenient and easy for the employees to
understand and provide them with a guarantee
of being reimbursed in a short span of time.

References
Cardon, J. (2018). Loss aversion and health insurance plan switching. Journal
Of Economic Behavior & Organization, 1(1), 30-50.
Goldstein, R. (2018). The Four Advantages of Offering Health and Wellness
Benefits to Employees. Retrieved from
https://www.forbes.com/sites/forbeslacouncil/2018/07/03/the-four-
advantages-of-offering-health-and-wellness-benefits-to-employees/
#793db3ad646a
Gulf, A. (2018). Healthcare. Retrieved from
https://www.axa-cooperative.com/en/business/healthcare
Victoor, A., Hansen, J., van den Akker-van Marle, M., van den Berg, B., van den
Hout, W., & de Jong, J. (2014). Choosing your health insurance package: A
method for measuring the public's preferences for changes in the national
health insurance plan. Health Policy, 117(2), 257-265.