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.

What does the Select Complete policy offer?

For clients that choose to use Bupa for their company private medical insurance they may also eligible for discounts from other products available from Bupa

Business Healthcare from Vitality

Vitality Health is the first insurance company to reward their customers for being healthy. They are currently the fourth largest private medical insurer. Business Healthcare from Vitality is available for company scheme’s with 2 or more members. Business Healthcare from Vitality Health is a modular policy that can be tailored to suit each company’s requirements. Core Cover All plans start with Core Cover which has a variety of benefits including: In-patient and day-patient hospital fees, consultant fees & diagnostic tests • Out-patient surgical procedures • Vitality GP • NHS hospital cash benefit • childbirth cash benefit • home nursing •…

Have you heard of The PHC?

The PHC offer a number of flexible options for Company Private Medical Insurance here in the UK. They offer an excellent level of customer service and have a great reputation within the Health Insurance sector. They aim to ensure if you need to make a claim then this can be done as simply as possible.

Extended Cover option from AXA Health

AXA Health are one of the largest providers of healthcare in the UK and have been helping people access medical care for over 75 years. They are part of the AXA Group. The Extended cover option from AXA Health provides employees with that little bit extra.

Travel Insurance as an add-on to your Private Medical Insurance

Travel Insurance if you have pre-existing medical conditions can be expensive. If you have a Health Insurance policy in place, why not add it on to your cover. Unlike a standalone policy you will not have to answer a huge list of medical questions. Travel Insurance purchased as an-add on to Health Insurance is on a “Fit to Travel” basis. Therefore no medical history questionnaires and declarations are necessary. If you have any pre-existing conditions and have been advised by your consultant/ GP/ Specialist that you are fit to travel then you would be able to make any eligible claims…

Work related Stress in Great Britain

By finding out what products are available for your business and balancing this against the cost that absenteeism is currently costing your bottom line, we are confident you will see the benefit in the investment in a policy of this nature.

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