Small Business Health Insurance

We compare health insurance from the top UK providers so you can get the best cover for your business.

We provide free, no obligation advice on private health insurance. Give us a call on 01242 350071 or email [email protected] or use the contact form and we will get in touch with you within 10 mins during office hours.

Benefits Healthcare Clarity

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What is Small Business Health Insurance?

Small business health insurance offers private healthcare to your employees for teams between 2 and 100 employees. If your team has less than 100 employees, small business health insurances can cover the cost of private healthcare and medical treatment, from diagnosis to treatment. There are different levels of cover, so you can find the cover that’s right for you.

In addition, it covers any costs incurred by an employee who needs acute medical care outside their normal working hours or during annual leave. It can also include dental and optical treatments as well as prescriptions.

The benefits offered depend on which level of policy you choose. The most basic option will only offer cover for in and day patient care.  

What are the benefits of small business health insurance?

Private healthcare cover can have a number of benefits for small businesses. Your team is your business, ensuring your employees have fast access to medical care when required can have a real impact on them and on your business. Everyone benefits from taking small business health insurance:

  • Private health insurance plans can help with employee retention and recruitment: your employees see you care about their health and the wellbeing of the team.
  • It can make the workplace more productive.
  • It can increase productivity within the team.
  • The mental health and physical well-being of employees is taken care of.
  • Your team has extensive mental health cover.
  • Unlimited access to GP consultations

Your employees will get fast access to private healthcare and potentially bypass long NHS waiting lists when they need it the most. 

We are here to help you choose the best small business health insurance

If you’re thinking of offering small business health plans to your team, you probably have a lot of questions about how it works.

We are here to help you choose health insurance that covers your needs the best and answer all of your questions.

Why choose Healthcare Clarity for your small business health insurance?

It can be difficult to understand every company health insurance policy, as well as their benefits, as there are so many different providers to choose from. We are an independent broker and we can answer critical questions on all of the providers we work with. Our qualified advisers will talk to you about available small business health insurance options, along with your full requirements and budget.

What does a small business health insurance plan cover?

Whether this is the first time considering a small business health insurance scheme, or you’re simply reviewing your current plan, it’s crucial to be aware of your coverage requirements. We’re here to help assess all your options, enabling you to make the right choices for your employees and business as a whole.

What does a small business health insurance plan doesn't cover?

How much does a small business health insurance policy cost?

Business private healthcare cover can cost as much as £1,000 per employee per year. There are a number of factors that affect the cost of premiums.

  • Group size – The more people you cover, the lower the price per employee. There are policies for businesses with fewer than 250 employees, but the cost is usually higher for small businesses.
  • Average age – Younger employees are cheaper to cover. The premiums will be based on the average age of the people in the policy.
  • Level of cover – There are different levels of cover to choose from. The more comprehensive the cover, the more it will cost. 
  • Your location – The price of your policy will be affected by where you are located.
  • The excess – Employees will usually pay an excess for treatment. The premiums are higher if the excess is lower.

Understanding the cost of health insurance companies

The price of small business health insurance is similar to that of a personal policy in the sense that it reflects the conditions of those being covered, the level of protection opted for and how many staff members are within your business. The options available to reduce your premiums can be explored, but here are factors and conditions that will affect the price of your small business health insurance policy.

  • Age of policyholders
  • Location
  • Level of cover
  • Lists of private hospitals and medical facilities
  • Number of named employees
  • Underwriting
  • Claims history
  • Outpatient cover
  • Pre-existing conditions and chronic conditions
  • Mental health conditions

What happens if an employee leaves the company?

Your employee can choose to continue their coverage under their personal medical insurance policy with the same benefits and features after they leave. We can offer to help any past employees find a new small business health insurance policy that works for them.

Best Health Insurance Providers for Small Business Owners

We examine all plans available to businesses here in the UK, and advise you on how different providers would benefit your company. With our knowledge and experience, you can be confident that your organisation is getting the best private health insurance for your budget.

Here the list of healthcare providers we work with and recommend:

FAQ

  • Cover level – All employees You can look at differing levels of cover for your staff members offering a more comprehensive level of cover for senior management
  • Hospital List – Depending on where your employees are located may depend on the range of hospitals you would like to have covered on your policy 
  • Underwriting – Some policies won’t cover pre-existing conditions whereas for an additional cost other policies will 

Is business health insurance right for your company? In some circumstances it may be more cost effective to have personal policies that are paid through through the business.

No, although it is not a legal requirement for businesses to offer medical insurance there are many benefits of offering private medical insurance to your employees. We are fortunate enough to have the NHS so everyone has access to free healthcare based on clinical need and not an individuals ability to pay however there is an overwhelming demand for NHS services leading to increased waiting times.

Most providers will have a minimum requirement that 3 employees are covered to have a company scheme however some providers will offer a company scheme without a restriction on members insured. 

Company schemes are designed to spread the risk across a number of employees so if you are looking to insure a limited number of employees having a company scheme may not be the best option for your company.

You can search online for a business health insurance policy, with schemes on offer with well-known providers such as Bupa, AXA Health, Aviva, Vitality and more.

We are an independent broker and we can answer all of your questions regarding private healthcare cover. Our qualified advisers will discuss with you the options for small business health insurance according to your budget.

Our team of experts will provide you with independent advice regarding all leading UK health insurers.

Some of the main insurers are:

  • Aviva
  • AXA PPP
  • Bupa
  • Vitality

Depending on where your employees are located, some insurers are better priced for a younger workforce and others are better for a small business.

We will be able to get quotes from all the top UK insurers for your employee health insurance scheme.

Business health insurance providers have a number of additional everyday benefits, on top of the core cover. Here a few examples:

  • A digital GP with a prescription service.
  • Mental health and counseling hotlines.
  • High street discounts
  • Other health and wellbeing benefits including fitness and nutritional advice.

Company Health InsuranceYou are looking to cover more than 100 employees? Check our corporate Health Insurance

Why Switch Your
Private Health Insurance Provider?

Even if you already have private health insurance, there are many reasons why you should consider changing your provider:

By switching provider, you can:

* Findings are based on 49 clients, over the last 3 months who already had a live policy in place.
** a £50 voucher for M&S or John Lewis will be sent to you after switching to a policy we recommend once you paid your second monthly premium to your insurer.
Voucher for switching healthcare insurance

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