How health insurance for your employees can also protect their income
No one wants to be worrying about their income when they’re ill.
Finding out that you need medical help is challenging enough, without concerns over how you will pay the bills.
The difficulties facing the NHS are well known and can directly influence the speed with which your employees can receive medical care. Huge waiting lists, too-few appointments and limited hospital beds all increase how long an employee is affected by their illness.
Whilst they struggle at home, waiting for an appointment, other employees have to pick up the slack. This can lower morale and productivity and ultimately damage customer service.
At Bravo Benefits, we believe that employers have the chance to provide employee benefit solutions that can really make a difference to employees’ recovery time, improve their financial wellbeing and ultimately safeguard their business.
But before we explain how, let’s look at the solutions themselves.
What is Private Medical Insurance?
Our Private Medical Insurance benefit is a type of health care coverage that employees can purchase to supplement or replace care available on the NHS. Our Private Medical Insurance covers acute conditions, such as appendicitis, asthma attacks and broken bones. It is not designed to cover the cost of chronic, long-term conditions such as diabetes or arthritis.
We have a number of options with our private medical plans that can fit employers' budget needs. These plans are aimed that covering the costs of private healthcare from diagnosis to treatment. The plans cover the cost of treatment for acute conditions that develop after the health insurance policy has begun.
Find out more about Private Medical Insurance
What is Group Critical Illness Cover?
Our Group Critical Illness Cover allows you to give your employees a lump sum of up to £500,000 or five times their annual salary if they fall ill with a critical illness. Group Critical Illness Cover is unique in that there are no restrictions on how your employees can spend their money.
Find out more about Group Critical Illness Cover
Talk to us
If you would like to find out more about our solutions, get in touch.
How do these solutions help?
So how do these solutions support your staff’s income during what could be a very trying time in their lives?
1. Faster medical help
There’s no denying that the NHS is under pressure. Long waiting lists can affect how quickly employees can get the help that they need. This in turn can affect their mental health and lengthen their recovery time.
Private Medical Insurance ensures that your team gets quick access to the medical help that they need when they need it. This helps them return to work promptly, ensuring that they are not dependent on the lower-rate Statutory Sick Pay that many critically ill workers have to rely on for an extended period of time.
2. Assurance
Secondly, Group Critical Illness Cover will provide your team with the peace of mind they require to get through a difficult period in their lives. They can focus on their healing and return to their job quicker, assured that they don’t have to worry about outstanding debts.
With assurance comes productivity
In conclusion, providing health insurance for employees is an important step to take for businesses of all sizes. Not only does it provide peace of mind and improved morale, but it can also help protect their income. By having corporate health insurance plans in place, companies can serve as a financial safety net for their employees if they ever become unwell and unable to work. All of this ensures that they can work at their best and safeguard the longevity of the business.
