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:
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.
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.
SMP Healthcare Ltd can help you make an informed decision about your cover and show you ways where you may be able to make cost savings without jeopardising the cover in place for you, your family or your employees.
Whether you are an individual, family, small business owner or corporate client. If you would like to come to our offices on a Saturday or would like a call to go through your private health insurance options, we are more than happy to accommodate you. Please be aware, appointments for a Saturday are on a “first come, first served” basis.
Private medical insurance cover is the “go to” employee benefit for many employers. There are many other plans available in the UK including policies such as dental insurance and health cash plans.
Please remember that all benefits we have listed are available providing that you have obtained pre-authorisation for your treatment. Bupa must agree that your condition is eligible for cover. You must also ensure that you are using a consultant, therapist, hospital or medical facility that is recognised by them and charges within their fee guidelines.
The PHC have been providing health insurance for over 20 years. If you have never heard of their brand name before then this is probably because they only sell their policies via specialist brokers.
If you have read or watched the news over the last 12 months, there is little doubt that you would have avoided seeing something relating to the waiting times on the NHS. Perhaps you have experienced it yourself?
If you are looking at the renewal of your policy and they are not your current provider, you could look at switching to Aviva as an alternative provider. Adding Option 7 to your cover might offer you additional savings.
If your business employs 100 or more staff then Cigna are able to offer the comprehensive business cover called CompanyHealth. CompanyHealth cover from Cigna is a comprehensive health insurance policy that offers you a number of benefit options to choose from
The PHC provide business and corporate clients access to the HealthCover4Life policies. They really do offer you excellent levels of customer service and expert assistance as a client.
As Musculoskeletal (MSK) problems are common, Aviva wanted to offer an excellent solution for their clients. By using BacktoBetter, employees are back to feeling better and back to work faster.