Why offer this benefit?

Private Medical Insurance (PMI)

By providing Private Medical Insurance (PMI) it demonstrates your company is taking an active interest in looking after the health of your employees.

Avoid NHS waiting lists

PMI allows your employees to avoid NHS waiting lists, receive fast-track consultations and private treatment for medical problems and access the latest licensed drugs and proven treatments. 

Reduce absenteeism

Aside from the most important factor of helping your employee to get well again, providing employees with immediate access to treatment can significantly reduce long-term absenteeism and the associated financial and resource costs.

What is Private Medical Insurance?

Private Medical Insurance (PMI) is designed to cover the cost of private medical treatment for acute conditions.

Book a Free Consultation Today

How it works?

Private Medical Insurance (PMI) is an insurance policy designed to meet some or all of the costs of private medical treatment. Whilst it is important to seek professional advice and guidance before putting a scheme in place, generally, most PMI schemes cover your employees in the event of an acute illness or injury over a short-term basis. This could include hospital costs, such as a private room, surgeons’ and other specialists’ fees, outpatient treatment, such as scans, diagnostic tests and physiotherapy. 

Whilst the traditional PMI schemes remain the most popular option, newer innovations such as fixed cost Hospital Treatment Insurance (HTI) from Health Cash Plan providers are gaining momentum with employers. HTI cover around 60 common surgical procedures but at a much lower cost than traditional PMI schemes. 

Private Medical Insurance Company Benefits

How is it paid for?

This is a company paid benefit. The cost depends on the amount of cover you wish to provide, the average age of employees and risk level of their occupation. 

Employees will pay tax on the value of the premiums of your Private Medical Insurance but generally costs are substantially lower than standalone personal policies. You can choose to include /remove certain treatment options which will have a bearing on the premium costs. 

Hospital Treatment Insurance (HTI) starts at less than £20.00 per month.

Interested in employee benefits? Let us guide you through the next steps.

Book a Free Consultation Today