Santander Aegon Health Insurance for Businesses

The insurers providing the health insurance are Santander Vida Seguros y Reaseguros, S.A. and Aegon España S.A.U. de Seguros y Reaseguros.

Group health insurance is insurance under which the company is the policyholder and its employees and their families (spouses and children) are the insured persons. It can be offered as an employee benefit or through a flexible remuneration package.

It is a form of corporate health insurance that allows the company’s employees to join the health insurance policy on favourable terms. It is an excellent way to look after your employees’ health. It is also one of the most widely used products in flexible remuneration packages and one of the most highly valued benefits by employees.

Flexible remuneration is a form of remuneration that allows employees to decide how much of their gross salary they want to allocate to certain products or services. The cost of these benefits is borne by the employee from their salary, possibly making them eligible for tax relief (depending on the region). Flexible remuneration packages allow employees to get more from their salary.

They also allow companies to offer employees better conditions on these products, without incurring additional costs or having to raise salaries.

Flexible remuneration can enhance the company’s image. It can also increase employee satisfaction, help build loyalty and retain staff, and reduce absenteeism.

It is the period of time (running from the policy’s start date) during which certain benefits are not covered.

Example: If a person who is newly insured with the insurer wants medical services relating to childbirth to be covered under their policy, they must take out the policy at least eight months before the birth in order to be covered.

The following waiting periods apply to Santander Aegon Health for SMEs¹:

• Hospital care and childbirth: eight months.
• Special diagnostic tests and treatments, outpatient surgery and psychotherapy: six months.
• Podiatry: three months.

No waiting periods apply in the case of Santander Aegon Health for Companies.

As soon as the policy is taken out, except for those benefits subject to a waiting period, for which you will need to wait until the applicable waiting period has ended.

Santander Aegon Health Insurance for Businesses gives you access to an approved medical network offering comprehensive healthcare through more than 50,000 doctors and over 1,000 medical centres. With the Reimbursement option, you can choose any doctor or medical centre in Spain or abroad outside the approved medical network and 80% of your medical bills will be reimbursed, up to €150,000 per insured person per year.

Yes. Dental cover is included in the policy. Dental cover gives you access to more than 3,700 professionals and over 2,700 dental clinics, with more than 50 services provided free of charge. You can also access other dental services at preferential rates. If you make a claim under the dental cover, you will need to pay the applicable dental excesses.

You can pay annually, half-yearly, quarterly or monthly.

For Santander Aegon Health for SMEs, insured persons must complete a digital health questionnaire.

This is not required for Santander Aegon Health for Companies.

Yes. Aegon Health Insurance for Businesses gives you access to an approved medical network offering comprehensive healthcare through more than 50,000 doctors and over 1,000 medical centres.

With the Reimbursement option, you can choose any doctor or medical centre in Spain or abroad outside the approved medical network and 80% of your medical bills will be reimbursed, up to €150,000 per insured person per year.

When travelling abroad, Travel Assistance cover is available up to a limit of €30,000 per year and includes cover for lost luggage up to €901.52.

None of the Aegon Health Insurance for Businesses options have co-payments. Employees and their family members can access all the cover provided under the policy without making any co-payments. If you make a claim under the dental cover, you will need to pay the applicable dental excesses.

Each month, the policyholder will receive details of the premiums relating to each employee’s insurance or that of their family (spouse and children) where they are included in the policy, so that the relevant amounts can be allocated to or deducted from the employee’s payroll. This streamlines the process and reduces the administrative burden on the company.