Employee Health Insurance

Health insurance is a very effective means of motivating employees. employees to whom the company provides health insurance feel more valued and appreciated:

• have the freedom to choose whether to use public or private health care services;
• spending less time in medical institutions;
• receive high quality and prompt medical advice in case of an illness;
• can take care not only of the treatment of diseases but also for their prevention;
• are healthier and more efficient, feel better.

Health insurance is a great way to motivate employees at lower costs and benefit from a favorable tax environment.

Tax environment:

• health insurance premiums are recognized as permitted deductions and are therefore an excellent means of reducing income tax;
• not subject to Personal Income Tax (15%);
• the contribution is exempt from social security contributions (34%);
• the contribution is exempt from compulsory health insurance (6%).

Any company that covers its employees may:

• choose between 6 insurance companies offering these services in Lithuania;
• offer different health insurance packages for different categories of employees;
• establish an individual insurance scheme and to insure the desired health care services;
• select the extent to which health care services will be paid (50-100% of the price of the service may be compensated);
• organize compulsory preventive health checks.