Private medical insurance providing fast diagnostics and treatment to your employees, allowing them to get back to work as soon as possible.
Business Medical Insurance
Compare & save on Business Medical Insurance
Scott Mulligan
Senior Sales Consultant
Helping employees resolve their health issues quicker.
We compare all UK healthcare insurance providers
What is Business Medical Insurance cover?
Business Medical Insurance is a group policy taken out by an employer. It offers employees private consultations, diagnostics, treatment and rehabilitation. This type of cover grants access to private healthcare where a large portion of the cost is paid by the insurer, allowing employees to bypass lengthy NHS waiting lists for eligible conditions, getting them back on their feet and in work again quicker.
It providers cover for day and inpatient investigations as well as treatment in full as standard.
Based on the level of cover that the employer chooses, there will usually be cover for outpatient consultations and care. All policies include a Digital GP which will allow employees to have a video or telephone call with a GP usually within 48 hours.
How does Business Medical Insurance work?
Your business will have one policy which will be used to cover everyone. You will decide what the eligibility criteria will be within your employee benefits package, just as you would for all other benefit, ensuring the decision isn’t made on any discriminatory grounds.
By spreading the risk across a group, the cost of premiums is generally lower than that of individual policies.
When an employee is diagnosed with an illness or medical condition, and has a referral from a GP, they will have the option to seek private treatment. They will still be able to use the NHS as this type of cover doesn’t replace the NHS.
If the medical condition is covered within the policy, a claim authorisation can be obtained which will then be used when booking an appointment. The employee may be required to pay an excess while the insurer pays for the cost of treatment.
The amount of excess and total cost of treatment covered depends on the level of cover on the policy.
We have access to all private medical insurers in the UK
Our unbiased and independent advice, we can help you find the best policy solutions.
What are the employee benefits of Business Medical Insurance?
Business medical insurance is the second highest sought after benefit in 2021 according to a survey of SME employees.
It provides employees of the business with access to high standards of healthcare for a wide range of illnesses and conditions, including mental health and musculoskeletal conditions.
One of the biggest benefits is the shortened waiting times for treatment as not everyone can afford private care meaning the numbers in the queue are far less than those waiting with the NHS. Private care also generally has more accessible hours meaning you may not need to be absent from work to attend an appointment.
Policies can cover employees family members for an extra cost.
Here are some of the additional benefits:
- 24 hour GP or nurse practitioner phone line.
- Better healthcare can help improve wellbeing among your team.
- You can attract and retain the best people with an appealing benefits package.
If you have an existing policy or are in the market to take out a new policy, we would love to hear from you. Share your current premium details with us and we’ll request quotes from every healthcare insurance provider in the market.
Employers usually pay for employees’ Private Medical Insurance from pre-tax earnings, as such HMRC typically treats premiums as a business expense.
For employees, Business Medical Insurance is a P11D taxable benefit in kind, so they would pay additional tax on this cover.
As an employer, tax rules require you to fill out a P11D form declaring that you’ve provided employees with a benefit in kind. You will also need to pay employer’s National Insurance on the premiums as well.
Generally, pre-existing conditions would not be covered as the most common types of underwriting exclude them from cover.
Medical History Disregarded is a type of underwriting which would allow members to claim for pre-existing conditions – this type of underwriting is most common for groups of over 250 people,
To understand whether you would be covered, give us a call today so we can talk you through the different options.
In short, yes. The number of employees included in a policy firstly determines the number of eligible insurers who can provide a quote. Secondly, it impacts the premium per person.
There are some insurers who can provide cover for a group of 3 or less, however for a group of 4 and above, a full market review should be available.
Some insurers will allow you to structure the policy by splitting the level of cover.
If your employee benefits scheme rewards staff based on their length of service or position within the business, you can set different levels of cover within a policy.
For example; a comprehensive level of cover for employees within management, and a standard level of cover for all other employees.
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With over 30 years of industry experience, we guarantee we'll find the best insurance solutions for your business
Vitality Health
We offer employee health insurance for small and corporate business schemes. Our award-winning cover with rewards for healthy living is 5 Star Rated by Defaqto
Underwriting
MHD, NMORI, FMU, CPME, CMORI
Excess
£0, £100, £250, £500, £1,000
Core Cover
Inpatient & Day patient Treatment, Advanced Cancer Cover, Outpatient Surgical Procedures
Outpatient Cover
£500, £750, £1000, £1,250, £1,500 or Full
Aviva
Private medical insurance for 1-249 employees offers extensive cover, flexible options and ongoing support for you and your employees.
Underwriting
MHD, NMORI, FMU, CPME, CMORI
Excess
£0, £50, £100, £150, £200, £250, £500
Core Cover
Consultations & Treatment with a Specialist, Diagnostic Tests, In & Day Patient Hospital Charges Expert Select or Key Hospitals Full Cancer Cover, Back to Better - MSK Pathway, Mental Health Pathway
Outpatient Cover
£0, £1000, £1,500 or Full
Axa Health
AXA Health offers a range of business medical services, from corporate healthcare for your employees to occupational health and wellbeing solutions.
Underwriting
MHD, NMORI, FMU, CPME, CMORI
Excess
£50 - £750
Core Cover
Digital GP
Outpatient Cover
Standard, Enhanced, Full
Bupa
Business health is cover that works as hard as your team. Giving you fast access to treatment, mental health support & digital GP access.
Underwriting
MHD, NMORI, FMU, CPME, CMORI
Excess
£0, £100, £150, £200, £500
Core Cover
Outpatient Scans, Outpatient Surgical Operations, In & Day Patient Fees, Cancer Cover
Outpatient Cover
£500, £1000, £1,500 or Full
PHC
Private Medical Insurance. With every employee key to the success of a company, it's essential to help keep them fit, well and productive.
Underwriting
MHD, NMORI, FMU, CPME, CMORI
Excess
£50, £100, £150, £200, £250, £500
Core Cover
Inpatient & Day patient treatment, Outpatient Surgery & Diagnostic Tests
Outpatient Cover
£500, £1000, £1,500 or Full
WPA
From private medical insurance, through to cash and dental plans, our policies can be tailored to protect the health and wellbeing of your staff.
Underwriting
MHD, NMORI, FMU, CPME, CMORI
Excess
£50, £100, £150, £200, £250
Core Cover
Inpatient & Day patient treatment, Outpatient Surgery & Diagnostic Scans
Outpatient Cover
Standard or Comprehensive
Freedom Health Insurance
Whether you need self-employed, SME or corporate business health insurance, our policies offer your employees comprehensive healthcare cover.
Underwriting
MHD, NMORI, FMU, CPME, CMORI
Excess
£50, £100, £150, £200, £250, £500
Core Cover
Inpatient & Day patient treatment, Outpatient Surgery & Diagnostic Scans
Outpatient Cover
£0, £1000, £1,500 or Full
Providing you with independent and unbiased advice
We review all policy providers and are dedicated in finding you the best fit solution for your business.
We review and compare all policy providers and have extensive experience and market knowledge allowing us to give you the best advice. We have processed over 5,000 claims and have helped 650+ businesses switch to better providers saving them time and money.
Business Medical Insurance for Large corporates
Employee’s working for a large corporate business would somewhat expect there to be a good employee benefits package with private medical insurance included.
Cover is underwritten on a ‘Medical History Disregarded’ basis meaning; employees can claim for pre existing medical conditions.
High level employees view this type of cover as standard and expect cover to be included for their families.
Staff absenteeism can cause major issues for any size company and this policy will allow staff to obtain quicker diagnosis and treatment.
How much does Business medical insurance cost?
There are 5 main factors that determine the cost of this type of policy:
- The size of the company
- The age of each employee
- Your location
- Your underwriting
- The level of cover you choose
Here are some examples of the average cost per employee based on the total number of employees. We have selected some conditions:
- There is a £1,000 outpatient cap with an excess on the policy of £100. The company has chosen a mid-tier list of hospitals
- 10 Employees = £54.54 per month
- 50 Employees = £35.36 per month
- 100 Employees = £28.79 per month
What are the different medical underwriting options?
The underwriting option you choose impacts what will be covered in the policy for your staff as well as the premiums.
There are 3 main options to choose from:
- Full Medical Underwriting (FMU)
FMU will require employees to disclose their medical history. It is likely that the insurer will exclude any pre-existing conditions, but employees will know what exclusions will be in place, from the start of the policy.This option is usually the cheapest option as it excludes pre-existing conditions, however requires a lot of information and can be time consuming, depending on the number of staff required to disclose their records. - Moratorium Underwriting
This type of underwriting requires less initial information however does exclude medical conditions that have occurred or the employee has suffered from in the past 5 years.Employees aren’t required to disclose their medical history upfront, this will be required by the insurer at the claims stage. - Medical History Disregarded (MHD)
MHD underwriting is the best underwriting available. It ignores all pre-existing conditions allowing employees to claim for any eligible condition under the policy terms.As it is the most accepting, it is also the most expensive type of medical underwriting. It is important to know that MHD is ONLY available to large companies with at least 20-25 staff.
It's easy to understand
We have refined our process to make things as simple as possible
1
Do you have an existing
policy?
If you hold a policy and would like a full market review or would like us to become your broker, click on ‘switch providers’ below. 
2
Are you looking for
a new policy?
Select and read about the the policy you are interested in for your business from our services menu and click Request a Quote.
3
Provide us with some information
Once you’ve made your selection, help speed up the process by completing a form and providing us with some information.
4
We will call you back and discuss your options
We will use your information to find you the best premium for your team and deliver you independent and unbiased advice.
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WE ARE EXPERTS IN OUR FIELD
Providing you with independent and unbiased advice for all your healthcare insurance needs.
We have been working hard on presenting our customers with the best policies from the best providers to fit their business healthcare needs, to create desirable and fit for purpose employee benefits packages.
1
Confirm you're with the best provider
We’re one of only a few brokers who request quotes from every insurer and present you with every possible option.
2
Experienced Consultants
We are experts in the finer details of business healthcare insurance. We’ll advise on the best options for you.
3
Full Annual Reviews
We’ll automatically re-audit the entire market at every policy renewal date and present you with our findings annually.