Group Private Medical Insurance

What is Group Private Medical Insurance?

Group Private Medical Insurance (PMI) is a valuable employee benefit that provides access to private healthcare services. Offering this benefit can enhance your employees' wellbeing, reduce absenteeism, and attract and retain top talent.

Group PMI is an insurance policy that covers the medical expenses of a group of employees. It typically includes consultations, specialist treatments, surgeries, hospital stays, and more. Employers can choose to pay for cover for their entire workforce or specific groups of employees. Cover can also be extended to the employee’s immediate dependants, either at the employers' cost of the employees.

The National Health Service (NHS) continues to be the cornerstone of our healthcare provision, but the ongoing pressures on the NHS have resulted in an unprecedented number of people waiting for treatment and surgery. One of the key advantages of Group PMI is that it enables faster access to healthcare services and reduces waiting times.

This can reduce sickness-related absenteeism and its related costs and result in improved employee health and wellbeing, which, in turn, can lead to increased productivity. Offering Group PMI can also make your company more attractive to potential hires and help with staff retention.

Benefits to employers

• Sends an unequivocal message that the health & wellbeing of your employees is a priority.
• Helps to minimise sickness absence.
• Earlier returns to the workplace can help ease any necessary workload reallocation.
• Minimise disruption to your business and to other employees.
• Will help to keep employees happier, healthier and more productive.
• Nurtures loyalty and attracts top talent.
• Costs can be treated as a bona-fide business expense.

Benefits to your employees

• Fast access to treatment when they need it most.
• Convenience that treatment can be planned to suit busy lifestyles and commitments.
• Peace of mind that healthcare advice and treatment are available without long wait times.
• Specialist mental health services - Many Private Medical Insurance policies can provide mental health support services quickly and discreetly.
• Access to virtual GPs - Many insurers offer a 24-hour virtual service, providing an initial assessment in the comfort of your own home.
• They can typically join the scheme on a Medical History Disregarded (MHD) basis so pre-existing conditions may be covered from as few as one employee.
   

Expert guidance and support

If you're considering group PMI for the first time or seeking to optimise the benefits you currently have in place, our team of specialist consultants is here to help you. We understand that each business is unique, and that's why we provide independent and impartial advice tailored to the specific requirements of your business, your employees, and your budget.

With our experts guiding you, you can have confidence that you're making the right decisions for your employees' healthcare needs. Your wellbeing and that of your employees are our top priorities, and we are committed to ensuring you're in good hands every step of the way.

Our expert consultants can guide you if you're considering group PMI for the first time or reviewing existing benefits. We ensure the chosen plan meets your employees' needs, considering factors beyond price and terms.