What Are The Benefits To Your Business Of Having A Company Or Group Private Heal

Posted by datahealthconsultancy on December 24th, 2014

Business health insurance provides an amount of credible benefits to one’s company and brand. 

Group medical insurance, is an insurance plan, offered to a group of people working in an organisation. The insurance policy usually covers every employee under its umbrella and helps them with prompt medical consultations and treatments if required.

There are many advantages of having a good company health insurance plan.

• A group insurance can provide comprehensive cover

Insurance providers can offer excellent benefits for all employees of the company.  From the initial consultations to the diagnosis and prompt treatments at a private hospital.

• Increased production level

Providing employees with the benefits of a good company medical insurance plan will gain their goodwill, and at the same time help to keep them healthier, which in turn, will increase productivity owing to less time off work.

• Reduction in cost due to tax benefits

Basically whenever you take a group insurance policy, as a company, the premium comes under ‘business expenses’ – corporation tax rebate.   Speak to your accountant about this.

• Help in retaining employees

To retain employees is one of the primary concerns today, with so many possibilities strewn across the country for them. Giving such a benefit as the medical insurance policy to your employees can help in the retention of good talent.

There are lots of insurance providers in the UK, who provide excellent company insurance policies. If you are finding it difficult to pick out one of the many group medical insurance policies in the market, contact insurance consulting agencies, for a faster processing.

A good health insurance consultant or broker can provide you with all the details of the best insurance policies, and then, recommend the one based on your specific requirements.  Therefore, before purchasing a group insurance policy, it will defiantly be beneficial for you in the long run to contact a specialist broker in this field.

About the Author:

Dean Ghavami is the Director of DataHealth Consultancy Ltd which was founded back in 2000 and he has over 15 years of experience in the health insurance industry.