Invest in the health and wellbeing of your team with small business health insurance.
Business health insurance gives employees access to private healthcare services in the UK. Depending on the level of cover you opt for, you're team will be able to receive treatment for everything from inpatient and day-patient surgeries to outpatient consultations and mental health support.
When small businesses provide private health insurance to their employees, it doesn't just benefit them; it benefits the business too.
Here's how a typical business health insurance policy works:
The precise time your employees can go private for their consultations and treatments will depend on the level of cover you opt for, so please speak to us, and we'll help you configure your policy.
As with all insurance policies, what you get depends on your provider and how much you pay.The most significant difference between basic and more comprehensive policies is whether they include outpatient diagnosis and treatment.
Most small business health insurance plans will offer your team the following:
Depending on the provider you use, you can get other services to enhance your policy and make it more comprehensive:
Health insurers also allow you to add extras to your plan to give your employees even more comprehensive healthcare, including:
While policies can be very comprehensive, there will be some common exclusions the providers will outline in their documentation. Typical exclusions include:
Insurance can be complicated at times, so our priority is to keep things simple and give you the facts you need to make a decision. We don’t rush or push clients in a given direction - it’s vital you come away feeling confident in your choice.
Employees' mental health is a top priority for small businesses. Too many working days are lost to team members struggling mentally .While no small business owner wants to create an unhealthy environment for their team, the high workloads and tight deadlines associated with working in a small business can affect people's mental health.
As a result, many business owners spend time devising strategies to improve mental wellbeing in their workplaces. Small business health insurance can be central to these strategies, especially as mental health care can be hard to access via the NHS.
Depending on the cover you choose, you may be able to add a broad range of mental health options, including:
A workplace centred around wellbeing is a happy and productive workplace. Invest in your staff's mental health and watch your business thrive.
The UK's four major insurance providers offer small business health insurance to business owners and sole traders. Let's look at each of them in turn:
Aviva is an award-winning provider offering private healthcare cover options for businesses with between 1 and 249 employees. It aims to be as flexible as possible, giving staff members access to the treatment they need on their terms.
When you take out small business health insurance with Aviva, you and your team receive the following:
Standard cover includes acute cover, cancer cover, treatment for musculoskeletal pain and a mental health helpline. You can also add additional benefits, including dental and optical care, diagnostic tests and GP-referred services.
Bupa offers small business health insurance for businesses with 50 employees or fewer. Choose from four different cover options, with higher premiums giving you a higher level of cover.
If you take out the base level of health insurance with Bupa, your team members will get the following:
Bupa's base cover level also offers outpatient coverage for consultations, X-rays and diagnostic tests up to £1,000 per year. There's also mental health inpatient and day patient treatment, access to a digital GP, and cover for eligible muscle, bone and joint conditions.
AXA Health recognises that having a happy, healthy team is essential to a thriving business. AXA Health has a range of excellent health insurance solutions for small businesses with an employee headcount between 1 and 249.
Here's what your team can access with AXA Health, depending on the policy you choose:
You can also get up to 40% off for your people at Nuffield Health, fitness and wellbeing centres. Let AXA Health help you build a tailored plan to match your business needs and budget.
Vitality's small to medium-business health insurance is there to help you make a real difference to your employees.
With the Full Cover Promise, your staff can get the following:
As with many Vitality insurance products, you and your people can earn rewards when you look after your health better. Rewards include money off an Apple Watch and a weekly barista coffee.
The premiums you pay your provider for small business health insurance will depend on several factors, including:
The underwriting method is the final factor that affects how your premiums are calculated. Here are the four options for underwriting:
