There are many different options available for Business Health Insurance here in the UK. As a business owner, employee benefits for your staff can reduce absenteeism.

Business Health Insurance policies are available for 1 or more members. Commonly, policies are set up with 3 or more main members.

To be eligible for cover on a company scheme, you must be employed by the company. You can add employees dependents to your membership if you want to.

Employee membership status on a Business Health Insurance policy can be one of the following:

  • Single
  • Couple
  • Family
  • Single Parent

Employee’s can be added and removed from a Company health insurance policy at any time within the policy year.

When you add an employee mid-term you will be charged a pro-rata premium because you only pay for the time that staff member is on risk. If you remove a member mid-term, you will receive a pro-rata refund.

There are a number of Business Health Insurance options available to you.

You can choose from a number of products depending on your requirements and budget.

Company Health Insurance options include:

  • Private medical insurance
  • Health Cash Plans
  • Employee Assistance Programmes
  • Dental Insurance
  • Optical Insurance
  • Occupational Health
  • Health Screening
  • Travel Insurance

Once you have your policy is in place it will run for a 12 month period. About 4 weeks prior to your renewal you will receive notification of the renewal offer. As soon as you have this you should obtain a market review because this will ensure your policy is in line with the market.

There are new Business Health Insurance products developed frequently because of the ever changing technical advancement. Therefore, reviewing your policy will mean that you are aware of what new options are available.

When you buy a new Business Health Insurance policy, the premium will depend on a number of factors. Underwriters will price your policy based on the age profile of your members, the postcode of your business and the benefits and underwriting you have chosen whereas if you are renewing your policy they will include an element of claims related adjustment where applicable.

In order for you to obtain the best premiums for your company scheme, working with a specialist broker can help you understand the market and the benefits you have chosen, with this in mind SMP Healthcare can help you with your Business Health Insurance policy.

Aviva Health Insurance gets a Make-Over

Aviva Health Insurance gets a Make-Over

In fact, whether you are looking for a policy on a personal basis or for your business, Aviva can provide a flexible solution. In March 2021 there have been a number of changes. It is great to see a well-loved household brand reviewing their cover and making improvements for their members.

Medical History Disregarded Underwriting

Medical History Disregarded Underwriting

When it comes to buying Health Insurance for your business, which underwriting can you choose? If you have a business with 15 or more employees then you could opt for Medical History Disregarded underwriting. This is also referred to as MHD. If you choose this underwriting type, your policy will cover pre-existing medical conditions. Why would you choose Medical History Disregarded Underwriting? When you buy Health Insurance as an individual or SME, MHD underwriting is not available. There are insurers who will offer this to company schemes of 15 or more main members, however it is more common in the…

Small Business Health Insurance UK

Small Business Health Insurance UK

If you own a small business in the UK, have you thought about health insurance for your team? With the arrival of COVID-19 many people are struggling to access primary care via the NHS. Private medical insurance providers have developed and extended their plans so that members can speak to a qualified GP via telephone or mobile app.

Why we are delighted to work with General & Medical

Why we are delighted to work with General & Medical

2020 has seen a really interesting first quarter for the team at SMP Healthcare. We have thrown ourselves head first into social media marketing, introducing video and audio to our audience. Now have the pleasure of adding General and Medical to our panel of insurance providers. Who are General & Medical? Established in the 1980’s, General & Medical are an independent medical insurance provider. They are focused on providing excellent healthcare solutions for all. Consistently looking to the future and concentrating on developing innovative products and services for businesses, families and individuals. General & Medical are the preferred provider for…

How can I buy cheap health insurance?

How can I buy cheap health insurance?

What an excellent question that is! If there were a definitive answer that would be even better. Do people really want cheap health insurance or great value? I guess the trouble with the word “cheap” is that everyone has their own idea as to what cheap really is. Is it £10 or £100 per month? Maybe the better question is “how can I buy a private medical insurance policy that offers great value?” Speak to a specialist health insurance broker Talking through your primary objectives for buying a private medical insurance policy is a great starting point. If you know…

Can I change the cover level on my health insurance?

Can I change the cover level on my health insurance?

It is very rare to change insurance provider mid-term through your policy year.  Normal protocol would be to review the alternative insurers when you receive your renewal terms. There could be a better option with another health insurance provider. If there is, you can look to change insurance provider at your renewal date.

How to save money on health insurance

How to save money on health insurance

If you want to save money on your health insurance you need to check your cover details carefully. A good health insurance broker can help to make this easy for you. We spend time with our clients listening to what is important to them in terms of cover and benefits. We can then provide quotes based on their unique and specific needs. Nobody wants to pay more for a health insurance policy than they have to. Nobody wants to have cover for benefits that they will never use. Can you afford an excess? If you know you can afford to…

Health insurance developments for 2020

Health insurance developments for 2020

At SMP Healthcare we have seen a lot of changes in the health insurance market over the last few years. So what will be the new health insurance developments for 2020? Without giving away our age, a couple of us in the office just may have been working in the health insurance sector for a number of years. We can see that the advancement in technology is certainly playing a significant part in the development of our industry. Digital technology With high tech apps making the access to health advice and GP appointments even easier. We wonder what the next…