🇪🇸 Spain - Local Benefits Packages, Customer Overview

Local benefits packages enable you to choose from 2 pre-created benefits packages and offer country-tailored benefits to your team. The benefits can include Health insurance, social benefits (such as meal and childcare vouchers), and a gym membership. 

Benefits packages 

Companies can choose from Competitive and Best-in-class packages. Some of the coverage highlights include:

  • Faster claim experience
  • Best-in-class service by top Spanish providers
  • Vision and dental coverage
  • Two different plans to choose from
  • the option for dependent coverage* - partner and children

*Dependent coverage must be covered 100% by the customer company, not the Team Member.

Coverage summary

  Competitive Tier Best-in-class Tier
Private Health Insurance X X
Meal Allowance X X
Nursery Allowance X X
Transport Allowance   X
Gym Membership   X

Benefits pricing

For your convenience, we have converted the pricing to major currencies as an estimation. 

  •   Competitive Best In Class
    Health Insurance €53 €73
    Allowances €180 €220
    Perks (Gym plan) - €37
    Benefit support fee*
    €45 €45
    Total cost per TM per month €278 €375
  •   Competitive Best-in-class
    Health Insurance $58 $79
    Allowances $197 $240
    Perks (Gym plan) - $41
    Benefit support fee*
    $50 $50
    Total cost per TM per month $305 $410

    Prices are converted from euro () to US dollar ($) and are approximate at January 2024's exchange rate. Therefore, prices are subject to change.

  •   Competitive Best-in-class
    Health Insurance £46 £63
    Allowances £155 £189
    Perks (Gym plan) - £32
    Benefit support fee*
    £40 £40
    Total cost per TM per month £241 £324

    Prices are converted from euro () to pound (£) and are approximate at February 2024's exchange rate. Therefore, prices are subject to change.

* The benefit support fee covers the cost of Oyster managing the whole lifecycle of benefits administration.

Dependent pricing

The addition of dependents is only applicable to the Health Insurance Benefit.

  Competitive Best-in-class
Per Dependent €53 €73

The cost for dependents must be 100% covered by the Oyster customer company. 

Benefits providers

Oyster works with top local providers in Spain who understand the market and offer reliable service.

Regarding private health insurance, Cigna is the insurer backing each of the health insurance plans. In addition, we have partnered with Cobee, a top broker in Spain, to facilitate the set-up and management of the day-to-day activities. 

Private health insurance: 

Social benefits: 

Fitness perk: 

FAQs

How to enroll your Team Member in Spain into a local benefits package

You can enroll your team into local benefits in Spain from the hiring or in-app benefits flow. 

Please note employees who do not yet have an NIE or NIF number cannot be enrolled in health and social benefits. 

From the hiring flow:

  1. After you fill out the compensation details, you will be taken to the Benefits section of the hiring form.
  2. Select a benefits package based on your company’s benefits strategy. Here are some recommendations on which to choose:
    • Competitive - if you want to offer benefits that most local employers in that specific country offer and want to remain competitive. 
    • Best-in-class - if you want to offer premium benefits that set you apart. 
    • Essential - to cover only the most basic statutory benefits required in Spain. We recommend opting for one of the two other tiers to provide a competitive employment package.

      To remain non-discriminatory, it is important to enroll all of your Team Members in the same benefits package.


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  3. You can also choose coverage for dependents and health add-ons ontop of your package. The add-ons include health benefits provided by Allianz.
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  4. Make a selection to see the total estimated monthly costs. 

From the benefits flow:

    1. Click People > Benefits from the left menu in your Oyster account.benefitsflow1.png
    2. Review the list of engaged Team Members on the Benefits page and their benefits enrollment status. Click Enroll benefits to enroll a Team Member into benefits.
      benefitsflow2.png
    3. The Request Benefits Enrollment page opens. Select a plan.

      Local benefits plan options are listed for India, Poland, the United States, and Canada, and global benefits provider Allianz for other countries.

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    4. Click Send request. Wait for the success message to appear.benefitsflow4.png
    5. The Oyster support team and the benefits vendors will begin the enrollment process.

How to get started on Cobee

Please see the helpful links below for everything you need to know about starting your benefits journey with Cobee.

How to get started on Cigna

Please see the helpful links below for everything you need to know about starting your benefits journey with Cigna.

Is it possible to add dependents?

Yes. If your company agrees to cover Team Member dependents, they will be added to the Cobee platform with the option to add their dependents. 

Please note the number of dependents can not be limited in Spain. Therefore, ensure the number willing to be covered is communicated to your Team Members. 

Benefit documentation

 

 

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