Important Tips to Find the Best UK Corporate and Company Health Insurance

With many insurance companies promoting their policies and different levels of cover, choosing the right insurer, let alone the policy that will best fit your needs can be daunting at times. However, investing in the right health insurance is one of the most important decisions a company can make. Sometimes businesses find it difficult to do this owing to their limited budget, and do not end up with the best company health insurance for their employees. For example, for the limited budget the company has they can not afford to take out a comprehensive type policy with full in-patient, full out-patient, therapies, psychiatric cover and full cancer treatment, etc. So, the company settles for a budget type policy which may be fine at the time, that is, until the employees start to make claims and find out that they are insufficiently covered for the out-patient consultations, etc. For this reason, it is a good idea to always use a broker that specialises in this field as they will contact a range of different insurance companies on your behalf and try to find the best policy that meets your needs, and in most cases they can negotiate discounted rates for your company. The good news is that most of these brokers do not charge you for their services – they work on a commission only basis.

However, here are some tips to consider if you decide not to use a specialist broker:

• Spend some time and learn more about private medical insurance in general and the different levels of cover and underwriting. Health insurance policies can be diverse in type and in their coverage.
• Contact at least five insurance companies and discuss your requirements with them. You may be surprised as to how much their prices vary, but make sure that they are all quoting on similar levels of cover with the same excess levels, if any.
• Check the actual hospital list and make sure it meets your requirements.
• Once you find the right policy for your employees, ask the insurer for a discount.

Finding a reliable insurance provider is a tedious task. Since this is an investment so you need to understand which policy and insurance service providers match your needs. Select the right insurer that guides you and suggest a suitable insurance cover. It’s not just about policy; it’s about you and your employee’s health cover. Plan insurance coverage today!

Dean Ghavami is the Director of DataHealth Consultancy Ltd which was founded back in 2000 and he has over 15 years of experience in the private health insurance industry.