The number one benefit for employees in Belarus is medical insurance. This is additional to the compulsory state-funded healthcare as private medical insurance is expensive. When asked to rank three other common benefits in order of importance, the average employee in Belarus will respond with: Disability, Death and Retirement.
Try something different! Kvass is a traditional Belarusian drink, made from the natural fermentation of bread or cereal, such as barley or rye.
Decree no. 165 relating to additions and amendments to the regulation of insurance activities is trending. This legislation states that voluntary medical insurance contributions can now be included in expenses, regardless of the form of ownership of the insurance company or health insurance.
Average Cost For Employer Sponsored Benefits
Average costs are approximately 50 American Dollars per month (equivalent to 100 Rubles). Devaluation of the Belarusian Ruble had a negative impact on the main types of insurance purchased in foreign currency. It’s also interesting to note that gross written premiums for life insurance decreased by 44.17% and accident insurance down by 45.79%.
Employers entering the Belarus market for the first time will be surprised by the fact that employees are not used to receiving benefits. They find it hard to believe that it comes at no extra cost to them.