News Article

Private Medical Insurance

Why offering Private Medical Insurance could be good for your business

We all know NHS waiting lists are worryingly long with about 400,000 people waiting over a year to receive medical treatment.

At the same time, it's likely employees will suffer some form of physical or mental illness that requires treatment and it's estimated one-in-two of us will get cancer in our lifetime whilst others will suffer moderate to severe depressive symptoms.

What if some of these employees were your staff arriving at work under par or on sick leave?

Private medical insurance has probably never been as relevant to businesses and their staff as it is today.

If you have a company medical insurance scheme it is a way for you, as an employer, to demonstrate required Duty of Care and that you are promoting the physical and mental health and well-being of your staff.

In turn, this can aid staff recruitment and retention in a market where finding and keeping staff can be notoriously hard.

From an SME point of view, having private medical insurance can help that key person back into work in the shortest possible time.

And, given the flexibility over appointments that private medical insurance providers offer, your staff can book appointments to suit their schedules or also access more of the help they need online.

Counselling is another huge benefit of a private medical policy, whether that relates to mental health or, perhaps, grief counselling for an employee following a bereavement.

Rather than struggling to manage such mental health pressures within the workplace, you as an employer can have professionals offering the right help, at the right time.

Having such cover in place sends a very strong signal that it's not just your business that matters to you, but your very greatest asset as well – your staff!

 

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