A leading insurance company in the UK has announced this week that it will no longer be selling corporate health plans that include overall cost or time limits for cancer treatment.
In 2005/2006, cancer treatment costs increased considerably, mainly down to the introduction of new medications used to battle cancer. Many insurance companies used benefit caps and time limits in their corporate health plan to limit the financial impact on their client businesses.
Although this helped businesses financially, some patients who were claiming treatment on the corporate health plan could end up reaching their benefit limit at a critical part of their treatment meaning having to pay for the remainder of treatment themselves or changing it altogether.
The new change to these corporate health plans hope to be able to provide the best healthcare possible to employees who are in the middle of such a difficult time during treatment whilst still being able to provide a policy that is still affordable to businesses.
Showing posts with label corporate health insurance. Show all posts
Showing posts with label corporate health insurance. Show all posts
Thursday, 31 March 2011
Wednesday, 14 July 2010
Getting through the Slow Recovery
Well it has been finally decided, the current UK Government has decided that if we are to get through this recession then it is going to have to be via the long, slow, steady [but secure] route. Yes, the entire nation is going to have to buckle down and share in this, until we come out the other side.
But this is going to cause some problems as some can afford to share it a bit more than others. The wealthier will have much easier time than the less wealthy, and this goes the same for people as it does for organisations. Whilst the large conglomerations can just take a dent in their profits the smaller companies will have to look where to cut corners whilst still trying to run the business at full strength.
Of course there are some things which can be discarded, others which can be trimmed back and others which must be maintained. Some things which must be retained are those benefits which keep your best staff and help to attract new staff. Part of this package is undoubtedly offering some cheaper corporate medical insurance because although, this does seem like a luxury, it does save everyone in the long run.
When all is said and done, offering more, even if cheaper will attract more than trying to cut and driving your valued partners and colleagues into the waiting arms of those who are willing to offer them a better deal, and with it some of your business.
But this is going to cause some problems as some can afford to share it a bit more than others. The wealthier will have much easier time than the less wealthy, and this goes the same for people as it does for organisations. Whilst the large conglomerations can just take a dent in their profits the smaller companies will have to look where to cut corners whilst still trying to run the business at full strength.
Of course there are some things which can be discarded, others which can be trimmed back and others which must be maintained. Some things which must be retained are those benefits which keep your best staff and help to attract new staff. Part of this package is undoubtedly offering some cheaper corporate medical insurance because although, this does seem like a luxury, it does save everyone in the long run.
When all is said and done, offering more, even if cheaper will attract more than trying to cut and driving your valued partners and colleagues into the waiting arms of those who are willing to offer them a better deal, and with it some of your business.
Wednesday, 9 June 2010
Would You Own Your Own Business?
I suppose at times being your own boss can be the life of luxury, but have you ever thought of the more stressfull side of things before starting up a business?
Many small business owners could tell you of the day to day stresses of running your own empire because even though it seems great that you're your own boss I'm sure many would disagree! There are so many different things to take care of like corporate health plans. It doesn't matter how many employees you have they all need to be insured for any accidents thay may happen in the work place. Along with that there is the challenge of keeping work coming in, managing the money side and probably the most important, keeping your employees happy!
Many small business owners could tell you of the day to day stresses of running your own empire because even though it seems great that you're your own boss I'm sure many would disagree! There are so many different things to take care of like corporate health plans. It doesn't matter how many employees you have they all need to be insured for any accidents thay may happen in the work place. Along with that there is the challenge of keeping work coming in, managing the money side and probably the most important, keeping your employees happy!
If you own a business yourself or have done so in the past let us know what you think on this matter and whether it's worth taking the gamble of starting up your own business.
Tuesday, 30 March 2010
Keep Absences Down, Keep Overheads Down
The best way to reduce your overheads, including your insurance premiums is to keep a fit and healthy workforce, it reduces absences and it simply gets more done. Here are some tips I've gleaned in my reading up on the subject.
1 - Have a healthy working environment, don't try to work your employees within an inch of their lives, it doesn't give them the impetus to turn up fit and raring to go.
2 - Reward good attendance, don't get stuck on the negatives, try to encourage perfect attendance through incentivisation, be that, in the form of a bonus, or something other than pecuniary.
3 - If someone is often absent, try to find out the underlying problems and understand that everybody has different needs, some people may need a long time off in order to get back to full fitness.
4 - Remove barriers to getting back to work, it has taken the commercial sector up to this far to make every workplace fully accessible to everyone, and we still haven't got it completely right yet.
5 - If all else fails get in touch with a professional Human Resources and/or Occupational Health adviser there may be something fundamentally wrong that you just cannot see, that is what these people are there for.
The simple fact is that all of these things can help reduce your overall corporate health insurance premiums year on year and that is surely the best thing for everybody involved. Both you and your employees.
1 - Have a healthy working environment, don't try to work your employees within an inch of their lives, it doesn't give them the impetus to turn up fit and raring to go.
2 - Reward good attendance, don't get stuck on the negatives, try to encourage perfect attendance through incentivisation, be that, in the form of a bonus, or something other than pecuniary.
3 - If someone is often absent, try to find out the underlying problems and understand that everybody has different needs, some people may need a long time off in order to get back to full fitness.
4 - Remove barriers to getting back to work, it has taken the commercial sector up to this far to make every workplace fully accessible to everyone, and we still haven't got it completely right yet.
5 - If all else fails get in touch with a professional Human Resources and/or Occupational Health adviser there may be something fundamentally wrong that you just cannot see, that is what these people are there for.
The simple fact is that all of these things can help reduce your overall corporate health insurance premiums year on year and that is surely the best thing for everybody involved. Both you and your employees.
Monday, 15 March 2010
2010 Medical Insurance Conference Announced
The date has been unveiled for this years Association of Medical Insurance Intermediaries [AMII] Exhibition and conference.
The Conference this year will take place on Thursday 1st July, at the Barceló Hinckley Island Hotel, just outside of Coventry, and is sure to be attended by all the top people in the world of health insurance.
The theme for 2010 is set to be "Working Together for a Healthier Britain" and it expected to be the largest Conference so far, with more delegates from the health insurance business than ever, mingling, networking and scoping out the competition.
If you want to know all the new things in the Corporate Health Insurance World then you had better send someone along, or better still attend in person, after all you never know what contacts you might be able to make.
The Conference this year will take place on Thursday 1st July, at the Barceló Hinckley Island Hotel, just outside of Coventry, and is sure to be attended by all the top people in the world of health insurance.
The theme for 2010 is set to be "Working Together for a Healthier Britain" and it expected to be the largest Conference so far, with more delegates from the health insurance business than ever, mingling, networking and scoping out the competition.
If you want to know all the new things in the Corporate Health Insurance World then you had better send someone along, or better still attend in person, after all you never know what contacts you might be able to make.
Thursday, 18 February 2010
Small is Beautiful
All businesses need adequate protection, especially so if you find it difficult to get good cover if one of your employees has to be absent for a long time.
The smaller the business the more important it is for the corporate medical insurance provided absolutely guarantees that the company is able to hire temporary staff to cover the vacant positions. Larger companies do not have to worry so much about this as when more people are employed there is always a certain amount of overlap in the employees' job-skills. But most SMEs have to make sure that the person in every position is specialised in their field.
The best way to ensure that your business is adequately protected for any eventuality is to check around, always make sure to check the small print in any coverage, and don't just go for the cheapest option [although don't ignore it just because of that!]
The best way to ensure that your business is adequately protected for any eventuality is to check around, always make sure to check the small print in any coverage, and don't just go for the cheapest option [although don't ignore it just because of that!]
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