3 Reasons to Have Company Health Insurance

February 3rd, 2011

Employee health insurance is well worth considering. Some employers believe that its something that is too expensive and do not even look into the possibility. However Freedom Healthnet provides cheap health insurance for companies looking to cover their employees in times of need. But what are the benefits of getting medical insurance for your staff?

1) Attract good staff
Attracting and keeping good staff is a mainstay in any business. Health cover is considered to be a very valuable perk when people are looking for new jobs. People with families are often particularly attracted when companies include partners and children in their medical insurance provision. It can provide the practical as well as psychological security that people want for themselves and their family.

Health cover provision suggests that a company is stable and willing to invest in the wellbeing of their staff. This is attractive to people looking for work.

2) Protect key staff members
Illness is an inevitable part of life. No one can guarantee good health at all times and all businesses suffer from absenteeism due to ill health. The problem for all businesses is that when key members of staff fall ill it can have a very detrimental effect. Staff have to be temporarily replaced or, as is most usual, other workers have to try and take up the slack. This is sometimes very difficult if the person who is ill has a very key role in the company. Sometimes their skills and knowledge prove very difficult to replace.

Employment laws quite rightly mean that a person’s job has to be held open until they are fit to return to work. What workers and their employees want is to get back to normal as soon as possible. Having health insurance means that you can help your staff to get seen and treated as quickly as possible.

3) Show people you care
Studies show that people who work in a caring environment are less likely to suffer from stress and illness. Responsible employers do everything within their power to make sure that their staff are as happy and comfortable in the workplace as possible. Having company health insurance can be part of this caring environment. It sends signals out to employees that the working environment is a two way thing.

Studies have shown that earning more money is not the only incentive for people to work for any particular company. One of the elements that motivate people is a feeling that they are ‘part of something.’ Having company health insurance in place shows that you are seeing your employees, not just as workers, but as individuals that have wider needs.

Why choose Private Medical Insurance?

August 20th, 2010

For many people, private medical insurance doesn’t cost anything because they receive medical cover from their employer for themselves and, often, their family.  Companies find that employee health insurance means that their workers spend less time off sick so it makes sense in terms of finances and productivity.

Private health treatment is convenient for all because there are shorter (or no) waiting times and because the appointments are tailored to suit the individual.  Many private specialists / consultants offer appointments outside of normal working hours and often on weekends in order to suit their patients.  This means that  people dont have to take any additional time off work.

An additional reason why individuals select private medical insurance is because they are guaranteed to see a consultant.  Many people do not realise that, as an NHS patient, you will only see a consultant if your problem is particularly complex whereas private healthcare often allows you to select the consultant or specialist you wish to be treated by.

Not covered by employee health insurance with your company? Why don’t you get a quote for affordable medical insurance to see how little it could cost with Freedom.  Then ask for a comparison with all the other insurance providers (from BUPA to Axa to Standard Life, etc.) so you can choose a policy and level of cover to suit you and your family.

Did you know:   you can often reduce your premium by increasing your excess?