A brand new initiative by the Forum for Private Business [FSB] has shown that there are some several benefits in employee health insurance for small businesses, and there are ways to get around the potentially prohibitive costs for companies that are just too small take take out a policy on their own.
The benefits of a healthy workforce are clear to almost everybody when they think about it. A healthier workforce is not only a happier workforce, but a healthy workforce is also more likely to be present, and when at work a more vigorous workforce.
Studies have shown, time after time, that a business healthcare plan brings healthier employees, and that the healthier the employee the more likely they will be able to return to work all the quicker, and all the fresher for their time off. And that a healthy happy workplace is a lot less likely to suffer from Monday morning 'sivkies' and we all know that this takes place.
And all this can be achieved by the smallest of businesses by organisations like the FSB offering discount if the insurance is taken out by the members through a collective insurance in the name of the umbrella organisation. Simple.
Showing posts with label private medical insurance. Show all posts
Showing posts with label private medical insurance. Show all posts
Monday, 7 February 2011
Friday, 21 January 2011
The Cost of Health Insurance for SMEs
It is often stated that the cost of private health insurance for small to medium businesses is far to high to justify the expenditure when overheads are so tight. But this is to underestimate everything that healthcare provision adds to a company of any size.
Yes, in the short term health insurance is yet another overhead, and yes things can be tight for small and local businesses, but it is still a question of scale, and all businesses in the end face the same problems, just that sometimes it is slightly more acute the smaller the business if key members of staff are unable to work for reasons of illness or accident. Let us face the facts that the bigger the business, the larger the staff, the more chance of overlap in particular roles, therefore the easier it is for people to cover for absenses: large companies always have a corporate health plan, and if it makes sense for them it makes more sense for a smaller business that has necessarily more limited resources to draw upon.
A healthcare insurance policy not only covers the costs of medical treatment but also affords the employer the cost of employing temporary staff in the meantime, and besides, the insurance does not have to be that expensive if you have a thorough look around.
Yes, in the short term health insurance is yet another overhead, and yes things can be tight for small and local businesses, but it is still a question of scale, and all businesses in the end face the same problems, just that sometimes it is slightly more acute the smaller the business if key members of staff are unable to work for reasons of illness or accident. Let us face the facts that the bigger the business, the larger the staff, the more chance of overlap in particular roles, therefore the easier it is for people to cover for absenses: large companies always have a corporate health plan, and if it makes sense for them it makes more sense for a smaller business that has necessarily more limited resources to draw upon.
A healthcare insurance policy not only covers the costs of medical treatment but also affords the employer the cost of employing temporary staff in the meantime, and besides, the insurance does not have to be that expensive if you have a thorough look around.
Thursday, 4 February 2010
Free Medical Insurance When Visiting The UK
Talks are on going to make sure any resident of the Isle Of Man visiting the UK is guaranteed private health insurance could be discussed as soon as next month. The plan is the proposal is brought into play before the end of the UK reciprocal health agreement.
As of the 1st of April Manx visitors won’t be eligible for free treatment in the UK if they take ill. This has caused concern with the older community that don’t believe they will be able to obtain private medical insurance to leave the Isle Of Man.
Surely this problem has to be sorted before the people of the Island think that they are imprisoned there and have no choice but to remain there because there’s not much of a chance at one point in your life you’re not going to have to receive medical treatment. Sorting this out can only be good for the country as people would surely avoid visiting the UK if they thought they were covered incase of illness.
Wednesday, 18 March 2009
Private Medical Insurance and Small Business Health Insurance
There are 2 main types: firstly there is small business health insurance, this type is for business and corporate customers who would like to offer their employees with free or discounted private healthcare, It is a good incentive to attract the best employees and can give you an edge over your competitors when recruiting, the second is private health insurance: this type is geared towards, and is very popular among individuals and young professional families.
We will be concentrating on the small business health insurance side of the business and will be going into greater detail in the coming posts so stay tuned, the first of our 15 part series will be “Do I really need private medical insurance”.
We will be concentrating on the small business health insurance side of the business and will be going into greater detail in the coming posts so stay tuned, the first of our 15 part series will be “Do I really need private medical insurance”.
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