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Group Medical Insurance Advice

Group private medical insurance (GPI) is a type of private medical cover taken out by a company to protect its employees. It allows the company’s employees to access private medical services faster than if they needed to use the National Health Service (NHS).

How many people does group medical insurance cover?

This type of group insurance can be adapted to cover the full workforce of any business. Whether you have two employees or two thousand, there is group private medical insurance policies available to suit all business needs. This cover can be taken out by new start-ups, SMEs, or large global companies.

Benefits of group medical insurance to a company and employees

The benefits of taking out group private medical insurance as a company include:

  1. Staff get faster treatments and therefore need less time off work, saving business hours and money!
  2. The insurance can boost morale among staff and shows you value their work
  3. Group private medical insurance is tax-deductible

Offering staff access to private medical services in the event of injury or sickness is a fantastic way to reward staff or even attract top professionals to your company. It contributes to an appealing salary package and recognises employees’ value to the business. Sometimes the worker can even extend the cover to family members, allowing their loved ones to access cover at a cheaper cost.

Why use an adviser to find group medical insurance

When you’re busy with a business to run, you can outsource the responsibility and time it takes to secure the most advantageous GPI for your employees to a skilled adviser. They’ll be able to find policies that match your needs, and if their services cost, you can also claim these as tax-deductible business expenses.

Moneysprite is on hand to help you find the right Group Private Medical Insurance. We’ve already helped small and large companies secure attractive insurance cover.

Reach out to one of our Moneysprite medical insurance advisers to discuss your group private medical insurance options. We have advisers from London down to Cornwall, and back across to Bournemouth, Cambridge and the South East, and help clients throughout the UK. Our friendly and patient team are here to assist you.

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