5 Reasons Why You Should Offer Private Medical Insurance To Your Employees

In Business, Employee Benefits, Healthcare, Industry News by Tom McGuinness

Your staff are the lifeblood of your business. Without them, the success of your organisation would be severely jeopardised. In fact, unless you’re a true one-man-band, you probably couldn’t run your business at all without your employees.

Therefore, it stands to reason that protecting one of your most (if not THE most) valuable assets should be at the top of your list of priorities.

So why is it then that so many businesses ignore/underestimate/undervalue (delete as appropriate) the importance of private medical insurance (PMI) for their employees? After all, you insure most of your other business assets: buildings, vehicles, etc. so why should your employees and their health be any different?

Here are 5 reasons why you should offer private medical insurance to your employees:

1. Your employees want it

Did you know that PMI is the most desired benefit for employees? That’s right! PMI is valued more by employees than discounted gym memberships, wellness programmes and any other benefits. In other words, your employees want private medical insurance and by offering it, you can not only boost morale among your existing workforce, but also position yourself as an attractive employer to work for in the eyes of potential candidates.

2. PMI is easier to offer than you might think

The good news is you are not alone when looking to offer private medical insurance to your employees. A broker or health insurance adviser (like us) can help guide you through the entire process and ensure you get the perfect cover to suit both your needs and your budget.

Here at Premier Choice, we’ve built long-standing relationships with all the main insurers and have become experts in our field, providing every client with total peace of mind.

3. Access to a broader range of healthcare services

While the NHS provides a sterling service, there are times when individuals inevitably benefit more from private medical care. Such care is always prompt, high-quality and often covers treatments that are not available on the NHS.

The bottom line is your employees get the care they need, when they need it, and that increases the chances of them recovering fully and returning to work in a timely fashion.

4. PMI doesn’t need to break the bank

PMI is sometimes seen as a costly employee benefit to offer. However, this is only usually the case when it is not offered correctly.

Again, working with a broker or health insurance adviser will help ensure you get the right PMI policy for your business and your employees (and not pay for something that’s irrelevant and unnecessary).

5. Reduced sickness absence

As we’ve already mentioned, PMI provides your employees with access to private medical care, and that means they are significantly more likely to promptly receive the care they need. As a result, there’s a much better chance you and your employees will benefit from healthier and quicker returns to work.

Contact Premier Choice today and let us help you find the perfect private medical insurance for your business and employees.

Tom is the Sales Director for Premier Choice Group. In his role, Tom oversee’s growth across all areas of the business while maintaining a small number of his own clients. At Premier Choice, Tom and the team deliver a unique, personal service to every client, while growing the business and maintaining a strong reputation as the UK’s best intermediary.