Private Medical Insurance

Group Private Medical Insurance (PMI) is a policy taken out by an employer to enable their employees to receive eligible private treatment quickly with the minimum disruption, thereby helping to reduce the cost of sickness absence

Employer Benefits:

• Employees are probably the most important asset a company has, so looking after their health is crucial to your business
• Group PMI provides a high-value benefit and peace-of-mind to attract and retain experienced employees
• PMI is normally an allowable business expense for corporation tax purposes under current tax rules.
• Above all, Group PMI can help to reduce the cost of sickness absence.

Employee Benefits:

• Peace of mind – they will not have to wait on the NHS for eligible treatment
• Employees can choose where and when they are treated to ensure their treatment fits in with home and business schedules
• Own private room in most cases
• Visiting times to suit them
• Cover can often be extended to their family as well (either company paid or on a voluntary basis).

5 Good Reasons to Have PMI:

• Can help manage the cost of short-term sickness absence and other impacts on business and provides treatment to employees so they can return to work as quickly as possible
• Can serve as an excellent recruitment, motivation and retention tool
• Provides a high-value benefit and peace-of-mind to attract and retain experienced employees
• You may be perceived as a caring employer
• Helps towards satisfying your responsibilities as an employer.

Group Private Medical Schemes are often more competitive than buying the same cover on an individual basis. Schemes can be arranged for 2 lives upwards