Health insurance is becoming one of the most sought after employee benefits that a business can provide, and if you aren’t offering it already it’s certainly time to look into it. It offers them comprehensive coverage that ensures they have peace of mind and care when needed.
You might be asking yourself why you should get group private medical insurance for your staff, and the reason is that you need and will benefit from increased staff loyalty and productivity. What’s more, your employees are going to be happier in the workplace as well. It’s a win-win.
What is Group Private Medical Health Insurance?
Medical health insurance is a form of business insurance that allows a company to provide their staff with access to fast private healthcare instead of going through the NHS if and when they need it. This means that they get to avoid long NHS waiting lists and can be seen urgently.
Generally speaking, the plan allows your employee to have a choice in who their consultant is, the treatment dates, and the hospital they attend. It gives them full control over the situation, and ensures they are able to return to work as quickly as possible.
What Does it Cover?
First, it is important to note that group private medical insurance covers acute conditions and not chronic ones. To help differentiate, a chronic condition is one that cannot be cured and does not improve through active treatment. Instead, they can be maintained or managed.
An acute condition responds well to active treatment and the patient can be returned to their previous state of health or a degree of activity as a result of it. However, it is still worth getting insurance coverage as acute conditions are far more common.
Group private medical insurance coverage includes, but is not limited to, the following:
- Consultation with a specialist
- Diagnostic tests
- Operations and surgical procedures
- Cancer treatments
- Cancer drugs
- Physiotherapy, osteopathy, chiropractic treatment
- Mental health treatments and support
- Gym discounts
- Dental and optical treatments
- Second opinions
- Private prescriptions
Why is it Important for Your Staff?
What your staff want more than anything is peace of mind and security, both in their life and their place of work. By offering them group private medical insurance, you are ensuring that they receive this and you’re letting them know that you value them as employees.
Some of the benefits you will see as a result of offering this coverage are:
- Increase employee retention
- Increased productivity
- Reduced absenteeism
- Reduced stress levels
- Happier workplace culture
- Motivated staff that want to be at work
What you are giving them is a lifeline that ensures that they are cared for if they become sick, and they know they will receive treatment and support without the risk of losing their job. It keeps them and their family secure.
As you can see, private medical health insurance is a huge deal for your employees and something that they are going to want from their employer. We all need and deserve to have peace of mind and security, and this is exactly what you are offering them when you give them this protection. It keeps them away from work less, gets them seen faster, and ensures that their job is secure while they are sick. There are only benefits for both sides.