Papaya Global, the SaaS fintech company providing global payroll and payments technology, announced its new premium health care benefits plan. With this singular global plan, Papaya’s clients can offer their employees employer-sponsored, customized international health insurance in over 160 countries while eliminating the complex, time-consuming process of comparing multiple plans across regions. The new offering signals continued growth for Papaya, while building on its commitment to support organizations and their global employees.
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Designed to leverage group buying power, Papaya delivers a superior solution to its businesses of all sizes, providing unified global plans with flexible and convenient employee health care benefits. This unique approach consolidates under one umbrella the management of health benefits for employees across multiple countries. Papaya’s clients also gain a significant advantage in recruiting global talent because their employees have access to a comprehensive medical care plan without the headaches of traditional health insurance.
Using a designated card, employees enrolled in the plan will be able to pay for medical services without having to pay out of their own pocket. The card can be used to cover outpatient treatments, prescription drugs, standard lab tests, emergency room visits, doctor visits and X-rays. Card users have the freedom to choose their own doctors, with no provider or network restrictions, and receive global coverage in over 160 countries. The plan also includes unique travel insurance: emergency medical care for up to 60 days outside of the employee’s home location worldwide (including the U.S.). This gives employees peace of mind when traveling without the need for additional insurance.
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“With a dispersed and growing global workforce, we wanted to improve the employee experience for all of our team members, especially those who may not have access to comprehensive health benefits in various global locations,” said Papaya Global CEO Eynat Guez. “This new partnership with DavidShield will accomplish that — employees will now have easy-to-use and flexible access to medical, dental and vision benefits no matter where they work. This upgrade in benefits reflects our continued commitment to our employee experience and to helping our clients build strong workplace cultures worldwide through an equitable benefits plan.”
The new plan’s main benefits for employees are:
- Global coverage (over 160 countries outside the U.S.) including emergency medical coverage away from home location (up to 60 days)
- Doctors of choice; no network limit for providers
- 24/7 customer support through WhatsApp, phone, email, and messenger
- Inpatient and outpatient services; alternative medicine options
- Wellness screenings coverage
- Maternity leave
- Dental and vision coverage
Main benefits for employers are:
- No minimum headcount requirement
- Simplified registration, including no medical questionnaire requirements Ö¿(applies to groups)
- Consistent medical coverage for employees across multiple geographies
Papaya Global is a SaaS fintech company providing global payroll and payments technology — the only tech-first payroll software built for global enterprises. Papaya’s comprehensive automated solution provides the visibility, speed, and flexibility that finance teams need to control workforce spending. Papaya serves as the brain connecting the dots of global payroll, unifying data streams and integrating with HCM and ERP tools to create a single source of truth. It turns payroll – every company’s biggest expense and liability – into a strategic asset.
Papaya’s team currently spans Tel Aviv, New York, Austin, London, Kiev, Singapore, and Melbourne. Its technology has been recognized by all leading global analysts, including Gartner, Visa, NelsonHall, and others, as disruptive in the field of global people, payroll, and payments. Papaya was included in the Forbes Cloud 100 and CNBC’s Top Startups for the Enterprise.
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