If you have director health insurance, can you still access the NHS?
Absolutely. Health insurance works in conjunction with the NHS to complement it and maximise your health care. As a nation we are lucky to benefit from a publicly funded health service, giving everyone access to treatment at little to no cost. However, the NHS is under increasing pressure and many people now face long waiting lists and delayed or cancelled treatments.
Access to private medical care means you can avoid the long waiting lists for treatment, in fact you are likely to be seen within a week or so. Health insurance offers you access to a choice of hospitals and treatment times that suit you, with overnight stays normally in a private, en-suite room.
How much is director health insurance?
Policy prices vary depending on some key factors – these fit into two categories:
- Circumstances (your postcode, ages and current health)
- Level of cover (the optional benefits you choose - for example level of outpatient cover)
These variables mean premiums can vary, but for a quick, no obligation quote, you can fill in the form below.
Can I pay director health insurance via my limited company?
Your limited company can pay the premium on your behalf and it would be treated as a business cost and a taxable benefit in kind. The company will gain corporation tax relief, but would have to pay the National Insurance contributions. It can depend then on what rate taxpayer you are, as to whether it works better to pay for the policy personally, or via your limited company.
We would always recommend discussing this with you accountant to decide the best approach, as it is based very much on your individual circumstances.
