If you have a business here in the UK and want to look after the wellbeing of your staff, there are a number of employee benefit options available.
The most common and well known include:
Considering the options available, you can generally find a policy to suit your annual budget. Furthermore you may decide to run a number of employee benefits at the same time.
There are policies that work brilliantly alongside each other, as an example:
Private Medical Insurance and Cash Plans
Group Life insurance and Critical illness cover
Above all, a good choice of employee benefits can really improve your staff retention and help you to reduce absenteeism.
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 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.
You will have heard about this condition before, but what is ‘burnout’? The World Health Organisation recognised it as an ‘occupational phenomenon’ in 2019. It is described as a state of both mental and physical exhaustion. Long-term work stress and working in a physically or emotionally draining role for a long period of time is a key factor. What are the common signs of burnout? There are several signs relating to burnout, and these include: Feeling tired or drained A feeling of helplessness and defeat Self-doubt Feeling overwhelmed Having a cynical or negative outlook Unless the underlying issues causing burnout…
When you are looking for the best private medical insurance in the UK. What in your opinion would make it the best? Are you looking for the best value or a diamond service provider.
There are 7 benefit categories and 7 cover levels. Each cover level gives you a pot of money that your employees can use towards everyday healthcare costs. Only 4 of the benefit categories have a maximum spend attached. Complementary therapies are not one of those categories.
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…
As many businesses do not have the need for a full time occupational health provision, often this is dealt with on an ad-hoc basis. The business would pay for the services of an occupational health specialist as and when they need to do so.
When you look at the options for employee benefits, you could consider a whole range of products: Private Medical Insurance Cash Plans Dental Insurance Employee Assistance Programmes Did you also know about Hospital Treatment Insurance from Westfield Health? Surgery Choices 1 and 2 offer your employees easy access to private surgery and medical treatment. This is a community rated policy. The cost for each member of staff is exactly the same regardless of their age or location. Hospital Treatment Insurance is designed to cover non-urgent surgical procedures. It does not offer surgical procedures for cancer, heart disease or emergency treatment….
With mental health problems becoming more common in the workplace with a huge 70 million workdays being lost in the UK each year, having a good employee assistance programme (EAP) could help you as an employer to avoid experiencing staff absence due to mental health issues.
So, 5 really important questions to ask you……… Are you a business owner or manager? Do you have a duty of care towards your staff? Have you ever heard of a health cash plan? Can you take advantage of a great low cost health plan? Why haven’t you considered a cash plan before now? Health Cash Plans are not private medical insurance. A health cash plan is not the same thing as a health insurance policy. Each UK provider has their own benefit categories but in general they offer cover for everyday healthcare costs such as: Dental ∙ Optical ∙…