Papaya Global, the fintech SaaS company providing global payroll and payments technology, today announced its new premium healthcare benefit plan. With this unique global plan, Papaya clients can offer their employees customized, employer-sponsored international health insurance in more than 160 countries, while eliminating the complex and time-consuming process of comparing multiple plans across regions. The new offering marks continued growth for Papaya, while reinforcing its commitment to supporting organizations and their employees around the world.
Designed to harness the buying power of groups, Papaya offers a superior solution to businesses of all sizes, providing unified global plans with flexible and convenient healthcare benefits for employees. This unique approach consolidates under one umbrella the management of employee health benefits in multiple countries. Papaya clients also gain a significant advantage in recruiting global talent, as their employees have access to a comprehensive health care plan without the headaches of traditional health insurance.
The insured can now pay for medical services using a designated card and without spending money. It can be used to cover outpatient treatments, prescription drugs, standard lab tests, emergency room visits, doctor visits, and x-rays. They are free to choose their own doctors, without provider or network restrictions, and receive worldwide coverage in more than 160 countries. The plan also includes one-time travel insurance: urgent medical care for up to 60 days outside the employee’s place of residence anywhere in the world (including the US). This gives employees peace of mind when traveling without the need to purchase additional health insurance.
“With a dispersed and growing global workforce, we wanted to improve the employee experience for all our team members, especially those who do not have access to comprehensive healthcare benefits in multiple global locations,” said Eynat Guez, CEO of Papaya . Global. “This new partnership with DavidShield will do just that – employees will now have easy and flexible access to medical, dental and vision benefits regardless of where they work. This benefit enhancement reflects our continued commitment to our employee experience and helping our clients create strong work cultures.
The main advantages of the new plan for workers are:
- Worldwide coverage (more than 160 countries outside the US), including emergency medical coverage outside of the place of residence (up to 60 days)
- Physicians of your choice; no network limit for providers
- Customer service 24/7 via WhatsApp, telephone, email and messaging
- Inpatient and outpatient services ; alternative medicine options
- Wellness exam coverage
- maternity coverage
- Optional dental and vision coverage
The main advantages for entrepreneurs are:
- There is no minimum number of people required
- Simplified enrollment, no medical questionnaire requirements ֿ(applicable to certain groups)
- Consistent health coverage for employees across multiple geographies