Employee Health Insurance - Equipsme

In the UK, employers do not have to offer private medical insurance or health insurance as an employee benefit but they must pay national insurance contributions to their employees. Whilst not a legal requirement, providing health insurance in some form to employees can not only be of benefit to the employee but the employer and business as well.

Employee Health insurance can help employers in can help boost productivity through a reduction in with people getting the medical support they need more quickly, can improve employees’ morale and well-being – they will be able to seek medical assistance quickly and benefit from subsequent support offered by the policy, which could lead to a greater peace of mind around health concerns for them and/or their family.

It can also help in recruiting and retaining workers, being able to provide health insurance for staff is a valuable benefit to many employees.

Offering health insurance to employees can give them peace of mind; they know they have these services and cover should they need it.

Depending on the level and type of cover you purchase, this can help employees to obtain a quicker diagnosis, treatment and support at a crucial time for them, their family and their wellbeing. This support can ultimately lead to better morale within the workforce and increased loyalty from them.

It also allows employees to add qualifying family members to the plan, which can provide them with an additional benefit by way of supporting their wider family through their employment with you.

The price of business health insurance can vary and depends on multiple factors – what type of insurance you are buying, the business you operate in and the demographic of your employees.

However, with Equipsme, you would be purchasing a health insurance plan for your employees and one that comes at a set price each month. The price will simply depend on the level(s) of cover you choose, how many employees you have, and the average age of your workforce. Equipsme plans start from as little as £9 per person per month.

Think about what your workforce needs, how much coverage you want/will be beneficial to your employees and business, the type of work your employees carry out (and thus, the types of medical support that may be particularly beneficial to them) and what your budget is. Equipsme offers businesses the chance to customise the levels of cover required as well as the option for employees themselves to upgrade their cover and add family members should they wish to, at their own cost.