03 July 2013, Dhaka. The country’s largest development organisation is now offering health insurance to its large workforce in Bangladesh as part of its efforts to improve workers’ benefits.
Regular and contractual employees of BRAC from head and field offices, Aarong and enterprises will be able to claim up to BDT 1,00,000 a year for hospital expenses for themselves, their spouses and unmarried dependants up to the age of 25. The new initiative by the world’s largest and recently top ranked anti-poverty group began this month and will cost employees nothing. BRAC will pay the monthly premium of BDT 150 on behalf of its staff.
BRAC decided this move was necessary to ensure staff were not overwhelmed with the emotional and financial pressures that comes from hospital treatment. Ten per cent of cost must be borne by the employee and any costs above BDT 1,00,000. For example if a hospital bill is BDT 30,000, the employee would contribute BDT 3,000 and BRAC’s scheme would reimburse BDT 27,000. If the bill comes to BDT 1,20,000, the employee would bear the first 10 per cent (BDT 12,000) and the remaining cost after BRAC’s health insurance’s contribution of 1,00,000, which would be BDT 8,000 more. Up to BDT 50,000 can be sanctioned while admitted to hospital, with permission from the respective deciding committee.
To qualify for the scheme, applicants must be current BRAC employees under the age of 65.