Business Health Insurance Archives

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.

Company funded health insurance?

If you are looking for health insurance, you’ll need to know the best way to pay for it. It’s a simple question for large SME or corporate businesses, but what if you are a one-man band? Company-funded health insurance is popular in the UK marketplace. There are many small companies registered in the UK. Even sole traders or partnerships that have private medical insurance can use their business bank account to pay for the policy. Whether you require a small or large private medical insurance scheme, your business can fund your policy. Do you want company-funded health insurance? Importantly, you need…

The benefit of private healthcare rewards

In the UK, over 11% of the population have private medical insurance. Private medical insurance is available to anyone in the UK. Whether you are an individual member, or a company owner with an SME group, or a corporate business. Private healthcare is a great benefit for you, your family or your employees. Find out more about policies that offer private healthcare rewards. You may not be aware that, in addition to healthcare, many insurers offer a range of private healthcare rewards. UK private medical insurers such as AXA, Bupa and Vitality all offer reward programmes. These are extra incentives…

Health insurance for employees

Find out more about health insurance for employees, where you can buy it, what type of cover is available and whether it would be a good idea for your business. There are many different cover options available in the UK and you might be pleasantly surprised that the pricing starts very low indeed. There are cover options to suit every budget.

Business private medical insurance

Business private medical insurance is available to companies of all sizes. Working with a specialist health insurance broker gives you a little extra peace of mind when you buy a policy for your employees. Looking after the health of your staff and not paying for benefits you will not use is key.

Can anyone buy Private Medical Insurance?

With more and more people considering private medical insurance, the question ‘Can anyone buy private medical insurance?’ is often asked. For so long, people have perceived this to be a luxury purchase, but we no longer believe this is the case. In the UK, the NHS does a great job. For accident and emergency treatment, in fact, there is no better solution, but what about non-urgent medical treatment? As we have all seen, NHS waiting lists have increased around the country and show no signs of recovery. The stats about waiting lists are reported on the news every single day…

The UK Health & Protection Awards 2022

The UK Health & Protection Awards 2023 Ascend Health for Best Small Protection Advice Firm Wednesday 11th October 2023, London Hilton on Park Lane The UK Health & Protection Awards is the eminent celebration of excellence in professional standards and innovation shown by intermediaries and providers to individuals and corporate customers across the disciplines of private medical insurance, wellbeing and financial protection. The Awards culminates in a glittering black-tie gala dinner in London, hosted by a high-profile celebrity guest.

The importance of using a health insurance broker

The importance of using a health insurance broker What is the importance of using a health insurance broker? Well, a health insurance broker can find the best suited-medical insurance for your needs and budget, and there are at least 5 advantages for you not to source this on your own. We are a human version of a cost comparison website. We have knowledge and expertise. We help you understand what a policy covers. We make sure you choose the right benefits and don’t pay for what you don’t need. What is the importance of using a health…

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

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

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.

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