July 14, 2024
This guide explores the fundamentals of company health insurance in the UK, such as its definition, cover options, policy details, and how it compares to personal health insurance plans.
Read MoreHelping corporations find the best corporate health insurance plans for their workforce.
Corporate health insurance can benefit larger companies who want to offer additional healthcare & wellbeing incentives, services and rewards for staff, as well as to help employers attract talented people looking for employee benefits. Access to corporate health insurance may also be a fantastic way to improve the wellbeing of your employees, which may have a large positive impact due to the inherent size of a corporation's workforce. Here are some of the most common corporate health insurance benefits you may notice:
the cost of poor mental health from employees for UK employers each year (as of 2020).
The above statistics demonstrate the issues of mental health & the effect it can have in a corporate environment- especially when you consider the current climate of the COVID-19 pandemic. Many employees and staff members at larger businesses may be struggling with issues such stress and anxiety while at work, so it is important that corporate businesses provide the appropriate support - which can easily be done through an inclusive corporate health insurance policy.
Health insurance providers can give large, corporate businesses the resources to provide employees with private counselling & coaching; to talk to qualified professionals about their mental health while at work and in a comfortable setting.
Private health insurance access for larger businesses may lead to quicker response times when compared to public treatments and may offer more flexibility in locations, scheduling and appointment times. This means employees may seek mental health treatment without causing conflict in the schedules and hierarchies of larger, more corporate working environments.
Mental health support from the top of corporate management structures may create a healthier working environment for employees in larger businesses. Health insurance providers can help provide incentives to staff to allow a healthier working lifestyle to flourish.
At larger companies many employees may not feel comfortable asking for mental health help, or even know where they should turn to. Medical professionals and health workers may be available 24/7 and via the insurance providers’ application, providing staff with easy access to mental health support whenever they need it.
As with all corporate health insurance policies, the price will depend on many factors such as the number of policyholders, the location you need cover in, and the level of cover you’re looking to purchase. Corporate businesses often opt for a more generic corporate health insurance policy that covers a wide range of treatments rather than purchasing a policy that covers employees for less common inclusions. We’ll work with you to understand exactly what your goals are and how this translates into your corporate health insurance policy.
As part of our commitment to the customers we work with, we’ll always be available after purchasing your corporate health insurance policy for advice, renewal options and any other support you may need. As part of our service, when an employee retires or leaves your company's group corporate health plan, we can help them to continue with their cover under an individual health insurance policy. This policy may offer them the same support, medical coverage, inclusions and exclusions than they were previously covered for on your corporate health plan. Premiums may vary from those under the corporate plan and we can help them understand what options are are available to them when the time comes.
If corporate health insurance isn’t wasn’t the kind of cover you were looking for, you can browse some of the other business insurance pages we have below for more information.
Small Business Health Insurance is a type of business health insurance for smaller companies and their workforce; for private diagnoses, treatment and healthcare resources- all paid for by the business. Learn more information about our small business health insurance with the link below.
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If you're approaching the end of your business health insurance contract, it may be beneficial to start considering whether you're going to renew your policy with your current provider or compare your options elsewhere for your company health insurance. Learn more information about our health insurance renewals here.
Learn MoreBelow you'll find our latest blogs covering the topic of corporate health insurance. To see more articles like this, you can view our Health Insurance News & Blogs page here.
This guide explores the fundamentals of company health insurance in the UK, such as its definition, cover options, policy details, and how it compares to personal health insurance plans.
Read MoreThere are various ways for consumers to get health insurance quotes. We aim to explain the options available so that you can make better decisions for your own private health needs.
Read MoreAffordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
Affordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
Affordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
Affordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
Affordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
Affordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
