Corporate Health Plans
The CIPD calculate that staff absences cost almost £6,000.00 per employee each year – take care of your workforce and you can reduce those costs.
What You Get With Corporate Health Plans
- Manage the cost of short-term sickness / absence.
- Give employees access to speedy diagnosis & treatment.
- Minimise the impact with rapid treatment for employees enabling a quicker return to work.
- A high value benefit an excellent recruitment, motivation and retention tool.
- Protect your profitability by safeguarding your key workers (your most valuable assets).
- Be viewed by your team as a caring employer.
- Helps towards satisfying your responsibilities as an employer.
Frequently Asked Questions
But with 1.5 million people waiting over four weeks for their first NHS consultation, and nearly a million waiting more than thirteen weeks for treatment or further consultation private medical insurance (PMI) represents a popular and attractive benefit for both employer and employee.
For the employer, private medical insurance is an effective way to help control absenteeism and manage your company’s most valuable asset. Treatment and consultations can be arranged at the most optimum time and very much faster than on the NHS. If a member of staff needs treatment, a corporate health plan can get them seen by a specialist within the week.
What would be the cost to your business if one of your key staff fell seriously ill? Could your business afford to wait whilst they are waiting for NHS treatment?
Looking after the health of your employees – the most important asset your company has – is crucial to the health of your business.PMI is normally an allowable business expense for corporation tax purposes under current tax rules.Above all, Group PMI can help to reduce the cost of sickness absence.Benefits to the employee include:
Peace of mind – they will not have to wait on the NHS for eligible treatment.Employees can choose where and when they are treated to ensure their treatment fits in with home and business schedules.Own private room in most cases.Visiting times to suit them.Cover can often be extended to their family as well (either company paid or on a voluntary basis).
When staff are ill and require medical attention, a Corporate Health Plan will ensure they have access to speedy diagnosis and treatment – avoiding the lottery of NHS waiting lists.
Not only is a company health scheme one of the most sought-after employee benefits, it also helps you maintain a healthy, productive workforce.
Whilst well-being schemes can help avoid unnecessary absence, an employer cannot prevent illness, but a company Health Insurance scheme can help resolve the situation as quickly as possible.
Our team have been creating bespoke corporate Health Insurance schemes for more than 25 years, using the policies available from many providers. Experience has shown that working closely with employers and HR teams helps create the perfect level of cover for their company.
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"- Phil from Devon , WCHC CustomerNothing has been too much trouble for Westcountry Health Care. I was given a clearly set out selection of quotations which helped me to choose an affordable policy with a broad range of cover to meet my requirements. I was given sufficient time to make a decision ad Mrs Colley made it clear she would be happy to provide further quotations if required until we had found a suitable product."
Critical Illness cover gives you a lump sum when you get diagnosed with a serious illness.