Private medical insurance
What is Private medical insurance?
Private medical insurance (PMI) is an effective way of ensuring your team get access to comprehensive healthcare. In the UK, PMI is often offered by employers as an alternative to services offered on the NHS.
Private medical covers healthcare expenses like GP appointments, hospital stays, prescriptions, tests, and preventive care. It may also cover some mental health and dental care, depending on your selected policy.
Why should you offer private medical insurance?
Private medical insurance is fast becoming a base level benefit that many employees expect their employer to offer. Here are some of the reasons why it's great!
Benefits to employees:
- Employees get to skip long wait times to be seen by a medical specialist.
- Can often add dependents to their plan, meaning their relatives will benefit from healthcare too.
- Peace of mind that they'll have access to healthcare at a private facility should they become unwell.
Benefits to to employers:
- Happier and healthier employees!
- May reduce absenteeism as employees will be able to resolve any healthcare matters fast by skipping long wait times.
- May improve employee retention. PMI as a benefit is designed to be sticky — employees are less likely to switch jobs if their healthcare is linked to their employer.
- Could help attract top talent. Private medical insurance is a highly competitive and popular employee benefit — offering a great policy will be attractive to talent.
Why offer private medical insurance through Ben?
Ben makes offering PMI easy. You'll work with a benefits consultant to help you determine if this is the right benefit for you and how it will fit in with your overall package.
Our onboarding team ensures all employees are set up properly, and with ongoing self serve enrolment, as well as automated provider communications. All admin work is taken care of for you, including if you offer various levels of coverage or dependent enrolment.
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Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.
