Private Medical Insurance can make your employees feel valued and provide them with access to high quality medical treatment
If you’d like to discuss Private Medical Insurance for your business, contact us to discuss your needs. We can help you compare providers, arrange quotes and work with you to decide on the right scheme for you and your employees.
What is Private Medical Insurance?
Group Private Medical Insurance can show your employees they are valued by the business, and their welfare is important to you. If your employees have medical problems, it can help them receive a faster diagnosis and can pay towards their treatment. That makes high quality private medical treatment a realistic option for them.
As an employee of your business, although they may be taxed a small amount for being covered, it is still likely to be much cheaper than buying the cover themselves. This creates a valuable benefit which might be lost if they left your business to work elsewhere. Some schemes will even include Employee Assistance Programmes and helplines for medical or stress-related issues.
What’s more, if your employees enjoy better health without excessive waiting times for treatment, your business will benefit from better attendance and productivity. Group Private Medical Insurance can be arranged individually, or as part of a wider Employee Benefits package.
What do you need to consider before arranging Private Medical Insurance?
The nature and extent of the cover provided varies depending on the insurer and the scheme that you choose. There are options for most budgets, so you may benefit from giving some thought to the specifics of your business, such as:
- The number of employees you have
- Which employees you would like to offer cover
- Qualifying periods for the scheme e.g. 12 months’ service
How can JM Glendinning help with your Private Medical Insurance?
There are many options when it comes to arranging Private Medical Insurance. We’ll get to know your business and talk you through the different cover options available, so you can see whether a scheme could be effective for your business.