Small Business Health Insurance a Valuable Employee Benefit
- Author William Clarke
- Published January 30, 2011
- Word count 354
Small business owners should consider small business health insurance as a valuable employee benefit and staff retention tool. Most small business cannot afford to lose a member of staff for any length of time, the business is usually run by the directors or partners and each has a vital role in the business. Consider the fact that if one of these key members of staff were to contract a serious disease or illness that could not be treated quickly by the NHS, how would the small business cope financially?
What is covered under small-business health insurance?
Core Cover under the small business health insurance offers extensive benefits that are traditionally associated with private medical insurance, and typically covers things like:
-
Hospital charges
-
Specialists' fees
-
Diagnostics tests
-
Radiotherapy/chemotherapy
Nearly all small business health insurance providers will offer upgrade options to core cover for things such as dental and optical option and an extended hospital list to give wider choice of where the member of staff can be treated.
At the same time there are a number of options that be used to reduce the core premium, these tend to be things like:
-
Six Week Option: this option means that if the NHS can treat a member of staff within six weeks then private cover is not required. Unless the waiting list is 6 weeks or more, in which case they can receive private treatment without delay.
-
Staff excess option: reduces the premium by applying a claims excess of Ł50, Ł100, Ł150, Ł200 to the policy. The excess is an annual recurring option.
-
Benefit Reduction, some cover options can be removed from the standard policy cover options, for example if a scheme was all male then infertility and pregnancy clauses could be removed.
-
Reduced Out-patient Cover and Selected Reduction Benefit: reduces the premium by limiting out-patient cover and some additional benefits.
-
Hospital Lists: reduces the premium by reducing the number of hospitals available.
Before considering reducing options employers should seek advice from the providers or better still from an independent health insurance adviser, the adviser can explain cover options and advise on the correct cover for the individual small business.
Business Health Insurance are independent specialist that can research the entire UK market to find affordable small-business health insurance.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- “From Spotlight to Parliament: The Fearless Journey of Glenda Jackson.”
- Is a Farm in Tennessee the Life for Me?
- “Drifting Rooms and Vanishing Faces: Confronting the Abyss in The Father.”
- Understanding Men’s Lacrosse: A Beginner’s Guide to the Sport
- Why Knowledge Retention Is Every Team’s Secret Weapon
- From Messy to Mission-Aligned: The Tech Stack That Gets Teams Back on Track
- Fix the Schedule, Save the Season: Why Smart Leagues Start With Smart Calendars
- From Cart Chaos to Symphony: Why Scalable Commerce Orchestration Is the Conductor You Need
- The High-Tech Future of Fleet Maintenance
- Big Vision, Small Budget? Enter the Fractional Integrator
- Stale Content Doesn’t Rank — or Convert
- Welcome to the Big Leagues
- Antique Statements for the Home: From Doors to Decor
- Statement Bedroom Door Styles to Elevate Your Space
- What is a Stairlift and How Does It Work?
- Mastering Cinematic Camera Movement: The Art and Science of Fluid Heads
- "Grace Beyond Glamour: Audrey Hepburn's Timeless Reign in a World of Glitter and Excess."
- “The Relentless Ascent of Tom Cruise: Hollywood’s Tireless Risk-Taker.”
- How To Write An Effective Bid For A Contract Opportunity
- How Listening To Music Can Be Surprisingly Therapeutic
- “Shadows and Smoke: The Seductive Descent of Film Noir.”
- The Advantages of Japanese Engine Technology: Why Quality Matters
- The History of Our Understanding of Diabetes
- Where Brampton Shops for Style: Best Lighting Stores for Modern & Antique Fixtures
- How to Find Reliable In-Home Senior Care Providers in Mobile, AL
- The Smart Way to Learn Driving in Glasgow: Go Automatic!
- Searching for Homes in Lawrenceburg, TN: Why it’s a Great Place to Live
- How Can Buildings Be Made More Sustainable
- The Rules of Volleyball Explained: Basics & Common Misconceptions
- What are the health benefits of Earth Shoes?