Group Healthcare is an insurance plan that provides healthcare coverage to a particular group of individuals. Oftentimes, it is offered by corporations or member groups as a benefit of employment and/or membership. Usually, this is a uniform plan giving the same benefits to each employee or group member.
Why should I take out Group Healthcare for my employees?
As an employer you have responsibilities not only to the wellbeing of your company but to your employees as well. As the NHS reports plans for hospital cuts do you worry about the healthcare your employees will be able to receive? Many companies have an aging workforce too that could have potentially more illnesses. So while the UK government figures out how to keep funding the NHS are you considering joining those employers who arrange free and/or affordable comprehensive healthcare for their employees?
- Peace of mind
- Helps you protect the very heart of your business
- Helps employees to receive the medical care as and when needed
- May improve employee engagement
- Help prevent, detect and/or reduce key health risks early on
- Can help reduce absences
- Helps manage productivity by keeping employees healthy
- Help them through their illness and recovery to get them back to work more quickly
- Meets statutory duties of care for your employees and offers fail-safe ways to mitigate your risk and avoid litigation
- Keep senior management happy with extra benefits
Whether you are running your business alone as a sole trader, are a small business (under 250 employees), or a large corporation (over 250), there is a Group Healthcare programme for you and your employees. These can cover hospital stays, out-patient costs, and extensive cancer cover. With a simple pricing structure, healthcare can be affordable for any company. These programmes are easy to set-up and implement with provider supplied membership manuals, help-lines, and/or informational sessions.
Do you want to help improve the health and wellbeing of your employees but not sure where to start?
Let MediCompare help. We have the expertise to locate the correct healthcare for your company whether it’s small or large or particular demands based on your type of business. Same with your budget, we’ll find the right policy to fit your company, often supplying a quote in the same day. There is no obligation and we will not share your information unless given prior approval.
Different insurance companies offer different ranges of options and benefits that can be selected and paired within your chosen group healthcare to serve your employees to the best of your abilities. If you tailor-make a plan that suits your employees then circumstances change often policies can be adapted at any time.
Look for these additional options/benefits:
- Occupational health – helps you improve your workplace environment which in turn insures or improves the wellbeing of your employees
- Apps that help your whole workforce get proactive about their health and wellbeing. This in turns helps make your workforce as productive as possible
- Programmes that help with employee performance by tackling two of the largest reasons for long-term work absences
- Musculoskeletal problems
- Mental health: stress, anxiety and depression
- Dedicated account managers ready that to answer questions and/or help you or your employees access healthcare
- Access to a special ‘finder’ services that helps you select and gain access to recognised consultants and facilities within your provider’s network
And a few more options to consider…
- Healthcare Trusts
- Medical insurance for international staff which are based abroad
- Dental Insurance
- Corporate Cash Plans
Small Business Health Care (under 250 employees)
With most providers there will be different levels of employee healthcare coverage to choose from, i.e. base level, extra cover (for more peace of mind), and complete coverage (covering all expenses for approved and fee-assured consultants and services.) For example, the amount of fees covered for out-patient care (consultations, X-rays, and diagnostic tests) could range from £850/year all the way up to full payment for the entire year, depending on the level of care you arrange.
So, while this type of policy might be slightly less broad in what it offers, it still gives peace of mind. Its wide range of schemes and benefits will help you keep your employees healthy. This in turn, could help you improve productivity as well as recruit and retain quality employees, employees who know and appreciate the benefit of private healthcare.
Diagnosis Health Insurance*
This type of insurance, even though a low-cost option, can also help retain staff and/or help you recruit new talent because it still offers invaluable healthcare services in the form of diagnosis-only cover. This cover assures swift diagnosis, consultations, and the use of pre-approved facilities and consultants. For this care, a pre-authorization number must be obtained from the insurer before going for diagnosis. Treatment is then carried out by the NHS.
*Under this type of insurance, there is no cancer cover and no complementary therapy cover. Make sure you read over the exclusions section carefully.
No private healthcare policy will be free of exclusions. Treatment of incurable long-term illnesses (chronic conditions), pre-existing conditions+, and cosmetic surgery are commonly excluded. Make sure you check your healthcare guide or talk with your company or insurer’s advisors to find out what your policy exclusions are.
+Where pre-existing medical conditions are concerned, there is what’s called a Moratorium period. Treatment for conditions experienced within the last 5 years (before starting your new policy) will not be covered for the first two years of your policy’s start date. If in those two years, you have no further treatment for that condition, the exclusion will be removed from your policy.
How do you or your employees make a claim?
You and your employees will be supplied with a Membership Handbook and/or have access to a phone/email helpline for claim-making advice. Remember the first thing you must do is get a referral from a GP to see a specialist. Once you know which specialist you will be seeing, call your insurer to be issued with a pre-authorization number. After you see your specialist and/or are treated, your insurer usually pays the hospital or specialist directly.