Corporate Health Insurance

Every company is different, but all business works better with healthy and happy staff. A Corporate Health Insurance policy can protect the health and wellbeing of your team and keep your business on track. Company sizes and requirements can vary enormously and there are many different options available, but our team of friendly, expert advisers will be happy to walk you through all the options and find the perfect solution for your individual needs. We compare policies from the leading UK insurers to ensure we recommend from the very best quotes available on the market. Our service is completely free and utterly impartial; we do not have any allegiance to any particular insurance company, we are here to support your company and find you the very best policy to suit.

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What is Corporate Health Insurance?

Corporate Medical Insurance is an insurance policy, held by a company, to cover the cost of private medical treatment for their workers, should they ever require it. It is a highly valued staff benefit, as well as a practical way to keep the workforce at their best.

If a member of staff were to fall ill or become injured, they can avoid lengthy NHS waiting times and access private hospitals, treatments and consultants, to return to fitness and work as soon as possible.

What are the main benefits of Corporate Health Insurance?

The most popular benefit for Corporate Health Insurance Policies would probably be the ability to side-step long NHS waiting times and get diagnosis and treatment underway much quicker. Thus significantly reducing the time workers spend unable to work and perhaps in pain or discomfort.

Another key benefit is the access to better medicines and treatments, which may not be readily available on the NHS, due to budget restrictions. For example some of the latest cancer treatments may be available privately, which are not accessible on the NHS.

Private Medical Care also allows for a much more comfortable and pleasant stay if you do need to go to hospital, with a private en suite room, a la carte menu and less restrictive visiting times.

What conditions does Corporate Health Insurance Cover?

Corporate Health Insurance policies vary and there are different levels of cover available. All policies though, are intended to cover acute conditions of workers. These are injuries or illnesses that can be treated, and you will recover from such as a knee replacement or cancer. The policy will not cover chronic conditions; these are long-term issues that cannot be recovered from for example diabetes or asthma.

  • Cancer including palliative care, diagnosis, chemotherapy, radiotherapy, etc.
  • Heart disease including aftercare cover
  • Stroke aftercare
  • Sports injuries unless you’re a professional sports person
  • Mental health issues including counselling and psychiatric care
  • Complementary therapies such as physiotherapy and osteopathy
  • Alternative therapies including acupuncture, chiropractic, homeopathy, etc.

Health emergencies are not covered by private health insurance, these would always be treated by the NHS.

  • Accident and emergency
  • Chronic conditions such as asthma and diabetes
  • Stroke aftercare
  • HIV & Aids
  • War, riots and terrorism
  • Dangerous sports such as base jumping, snowboarding, etc.
  • Each insurer has its own list of exclusions, and our expert advisers will happily talk you through what is and isn't included for any policy we sell.

Frequently Asked Questions

What is an excess in health insurance?

An excess is an amount each person on your policy pays towards the cost of a claim. For example, if you choose a £250 excess per claim and your treatment for one eligible claim costs £5,000, you would pay the first £250 and the insurer would pay the rest. In the event of the claim being lower than the excess, then the remainder of the excess “pot” would be used towards the next claim.

Can I get private health insurance with a pre-existing condition?

Yes you can, however, the pre-existing condition will be excluded for cover on the policy. In most cases, this is reviewed after 2 years should there be no medical advice, treatment or medication within the first 2 years of the policy for that condition. This will depend on which underwriting style is best for you and your situation.

What isn’t covered with private medical insurance?

All insurers have a list of conditions and examples that will not be covered, these are known as “general exclusions”. Some of these general exclusions include routine pregnancy, war, riots and terrorism, and routine maintenance of existing chronic conditions. These will all be detailed within your policy documents but if you would like to know more, give us a call and we will be happy to help.

Are there any age restrictions?

Whilst there are some insurers that do have age restrictions, there are still many insurers that will offer cover whatever your age. Usay Compare has access to such a large selection of insurers and products we can source a policy whatever your age. In fact, the oldest member we found cover for recently was 99 so if you were thinking it can't be done. It can.

How can I pay the premium?

There are many different ways to choose to pay for your private medical insurance but the most common ways are by direct debit either monthly or annually. Other options like BACS, credit card or cheque payments are available but it will depend entirely on the insurance company you go with.

How long does it take to set up?

Policies can be set up over the phone in as little as 20 minutes but it will depend entirely on our advice as to what the best policy option is for you and whether we need to discuss your medical history in more detail. However, most policies can be applied for over the phone with our professional sales advisers so there will be no application forms for you to complete. Let us do that.

What are the different underwriting types?

Full medical underwriting (FMU) requires you to provide your complete medical history – and that of all policyholders – when you take out your policy. The information you provide may mean the insurer excludes certain conditions from cover for the lifetime of the policy.

Moratorium underwriting doesn’t require you to disclose your medical history. However, for the first two years of your policy you won’t be covered for anything you’ve had symptoms, treatment, medication, diagnostic tests or advice on in the five years before your policy start date. If, after a two-year consecutive period (after the policy starts) you meet certain criteria (usually this includes remaining symptom, treatment, medication or advice free from that condition), then it will become eligible for cover again.

Switching your policy allows you to move from one insurance provider to another and still be covered for medical conditions that you may have had problems with in the past.

Will i need a medical examination.

No, absolutely not. Unlike life insurance there are no medical examinations or nurse screenings to attend. Some policies may ask you some eligibility criteria that will include information about your most recent medical history however most policies we sell do not require you to divulge ANY medical information at all.