5 Great Employee Benefit Options

When you own or run a business and employ staff in the UK there are number of employee benefit options that you can choose to run alongside private medical insurance or as a totally independent plan. If private medical insurance is too costly for your annual budget, there are still plenty of lower cost cover types that help you as the business owner to comply with your duty of care without excessive cost implications.

With staff being a valuable asset and employers carrying a certain amount of responsibility for staff within the workplace, ensuring you implement the right benefits that most suit the needs of your staff is important.

Alongside private medical insurance, what else is available?

There are many benefits available for employees and these include:

  • Dental Insurance
  • Cash Plans
  • Optical Insurance
  • Employee Assistance Programmes
  • Hospital Treatment insurance

Dental Insurance

There are many providers of dental insurance in the UK market including Bupa, Cigna and Simplyhealth. Offering different levels of cover to suit every budget.

Cash Plans

A cash plan offers cover for everyday healthcare costs such as dental, optical and physiotherapy treatment to name but a few of the benefit types available. Providers of cash plans include Healthshield, Medicash, Simplyhealth and Westfield Health. Cover levels and benefit option are quite varied and again are available to suit most budgets.

Optical Insurance

If you are looking to cover encompassing benefits such as eye examinations, glasses, contact lenses and laser surgery then an optical insurance policy from VSP Vision Care is a low cost option with four different levels.

Employee Assistance Programmes

EAP are intended to help employees deal with personal problems that might adversely impact their work performance, health and well-being. EAP generally include assessment, short-term counselling and referral services for employees and their immediate family. There are many providers of EAP’s including Health Assured.

Hospital Treatment Insurance

Hospital Treatment Insurance will help your employees to avoid the long NHS waiting times for non-urgent surgical procedures. Westfield Health have been offering hospital treatment insurance for many years at a significantly lower premium that private medical insurance. A policy of this type does not offer cover for heart or cancer condition or A & E treatment.

If you would like to know more about the employee benefits listed above, the team at SMP Healthcare Ltd will be happy to help you. You can contact us on 01245 929129 or via enquiries@smphealthcare.com . We look forward to helping you find the right policy.