What is corporate health insurance?
Corporate health insurance is a type of insurance plan which is designed to cover medical treatment for employees and support them when they need it most. If one of your employees falls ill and requires medical attention, they will benefit from quick access to private hospitals (as there is no NHS waiting time) and consultants who can restore them back to health, helping to reduce the number of sick days taken. From supporting mental health to cancer cover, our company medical insurance will give your employees the peace of mind they need.
Why buy corporate private medical insurance?
For larger businesses, Freedom Health Insurance offers flexible company health insurance to meet your employees’ healthcare needs and help you control costs. Here is what private corporate health insurance can do for your company:
Cuts the cost of sick days
Every year, millions of working days are lost to sickness1, considerably impacting the bottom line of businesses. Whilst you can’t control when your employees get sick, private medical insurance can provide your employees with fast access to quality healthcare, helping them return to work sooner.
Presenteeism (when employees come to work while sick) is often a hidden problem, especially within large companies. It can reduce productivity and leads to a poor organisational culture. With corporate health insurance in place, your staff are encouraged to seek medical help knowing their medical treatment bills will be covered, enabling them to return to full productivity more rapidly.
Helps you hire and retain staff
When recruiting talent, offering corporate health insurance as part of your benefits package can be the reason why a candidate chooses you over competing companies. At the same time, your current employees are less likely to look elsewhere for employment because offering company private medical insurance can make them feel more valued and looked after.
Increases job satisfaction
Corporate medical insurance is one of the most wanted employee perks2. When people know their employer is interested in their health and wellbeing by giving them access to quality private healthcare through a corporate health insurance scheme, they can experience a boost in motivation, productivity and be enticed to stay with your company for longer.