Employee Benefits



Employees are the single most important asset of any company and should be valued, protected and nurtured accordingly.

Why have Private Medical Insurance?

Everybody needs health insurance, especially when they live and work abroad. However, insurance systems in foreign countries are often difficult to understand without native language proficiency and difficult to explain to foreign employees whose reference points are often the completely different schemes they are used to in their home countries. By taking on Private cover you have 100% coverage and you have the ability to return home, with Japan national cover you do not.

Here for both employees and employers, we introduce a short guide to health insurance options available to foreign workers resident in Japan.

Social Insurance (Shakai Hoken)

  • Not everyone is eligible to join.
  • Application is made via employer.
  • Monthly premiums are salary linked and deducted directly from employee’s paycheck.
  • Employers pay an equal contribution each month.
  • Must also join the Employees’ Pension Insurance scheme.
  • Members of this scheme pay 30% of their medical costs, covering sickness, injury and necessary dental work.

National Health Insurance (Kokumin Kenko Hoken)

  • All foreign residents with a valid visa, allowing them to stay in Japan for a year or more, can join.
  • The scheme is open to people who are not employed (expectant mothers, students, retirees, etc.)
  • Premiums are calculated on a yearly basis (April – March) based on the insured person’s resident tax, property owned and number of dependents. Social and National Health Insurance premiums are based on salary.
  • Premiums can be paid by bank transfer or at the local ward or city office.
  • Primary members and their dependents pay 30% for inpatient or outpatient costs.

Private Health Insurance

  • Private health insurance in Japan is open to all nationalities and their dependents, regardless of their visa status and employment contract.
  • Private health insurance premiums are age-related and operate in a series of age brackets.
  • Premiums are usually paid by credit card, bank check or bank transfer.
  • The amount of deductible (the cost of treatment the insured individual must pay) can be tailored to the insured person’s needs.
  • Plans cover in-patient and outpatient treatment as well as dental treatment.
  • 100% Coverage is worldwide.

Since 1979 Banner Japan has helped clients with healthcare plans finding ones that provide the best possible medical insurance coverage for wherever you work, live or play. All you have to do is give us a call and we will provide a number of plans and help your office achieve best practice every year as well as the best healthcare coverage at the best price.

We have organized the medical insurance for many companies, clubs, embassies and schools and would like the opportunity to offer your office health insurance cover.

We would welcome the opportunity to formally quote your office.  We would also be happy to do a comparison of your current health insurance benefits vs. the ones Banner can arrange. In addition we can offer Medical History Disregarded (MHD) for all members.

We are constantly reviewing policies available and have built stable of international healthcare providers. We work with a panel of insurers such as Aetna, BUPA, Expacare, GoodHealth, GlobalHealth Asia, InterGlobal, Medicare, William Russell, IMG  to name a few. We can tailor make a plan to meet your exact group requirements based on coverage and cost with the added benefit of Banner being there to assist with any issues that may arise.

We have used InterGlobal insurance for many companies, missions and schools throughout the region and they have always proved to be reliable and cost effective for insurance needs. Banner Japan is the largest agent of InterGlobal in Japan.  InterGlobal has a regional processing center in Japan, Singapore and the UK, I would be happy to visit you anytime with an InterGlobal representative.

Points to Consider

  • One of the advantages of using private insurance in Japan is that many English-speaking medical practitioners do not accept national health.
  • Yes, Japan National healthcare (JNI) is good but there are problems;  only covers 70%; not all of us speak fluent Japanese and trust the doctors. . . also JNI is expensive.
  • Also, what if something happens to you and you want to go home . . .  you can’t; otherwise the JNI insurance stops.
  • Click for Worst case example:  The teacher above did get home and this was paid for by his family and then they had to cover the first 3 months of care back in Canada — with our Cover we would move you back…
  • Insurance is just that; insurance for the worst case best to be prepared.

We look forward to talking with you to assist with your healthcare needs, call us today 03 5724 5100

 

Let your employees know what they’re worth

Everyone wants to recruit and retain committed and dedicated employees. But what exactly is it that gives one organisation the edge over another? In many cases, it’s the fact that the employer is willing to invest in them; both in terms of time, training and in particular an attractive remuneration package.

This is where we can step in, by helping you create the kind of employee benefits that are right for your workforce and right for your company.

Many employers make significant investments in providing these benefits, without ever letting staff know their true worth – our assistance, as required, can provide a more visible spend, as part of your internal communication strategy.

Check point:

If you currently administer or are looking to administer an Employee Benefits scheme then speak to us about the services we can provide for you and your employees.

  • Pension Schemes
  • Group Life Assurance
  • Group Income Protection
  • Group Critical Illness
  • Private Medical Insurance (PMI)
  • Dental Insurance
  • Health Screening