Corporate Health Insurance

Corporate health insurance usually refers to group private medical insurance (PMI) that covers over 250 employees. Compared to an SME health insurance plan, corporate PMI cover can provide a few extra options such as:

• Access to underwriting options not usually available for smaller plans such as medical history disregarded (MHD)
• Discounted rates available to large groups
• Bespoke health benefits or levels of cover not available on smaller group plans
• Other insurance & protection products that can be included as part of a package of employee benefits (e.g. critical illness, life insurance, travel insurance).

The cost of a corporate health insurance plan varies across companies and is influenced by several factors:

• Group size
• Employees’ ages
• Level of cover and benefits chosen
• Previous claims history (if the company switches between providers)
• Underwriting method
• Employees’ location (with most companies)

If you are interested to know how much a corporate health insurance plan could cost, our health insurance specialists are here to search and compare the market for you.

Some policies can give you the option to add cover for overseas travel if your employees regularly travel abroad for work. If you have employees that permanently live and work from outside the UK, then it might be worth considering taking an international health insurance policy.

With corporate health insurance you can usually cover any number of employees, from 250 upwards. If your group plan doesn’t fall under this category, take a look at business health insurance for SMEs.