What is Group Health Insurance?

What are the benefits of a group health insurance policy, and how do they benefit employees?

Macbeth have all the answers and they can be found right here…

As and when employees take time off due to illness it can have a knock-on effect on your business. From lower productivity, covering sick pay and finding cover. That’s why when talking to businesses we recommend exploring the benefits of a group health insurance policy and the employee benefits it offers.

Not only does group health insurance give you reassurance as an employer that your employees will be looked after if taken ill, but for companies looking to attract new talent and improve their employment benefits packages, one of the best ways to do this is offering private health and medical insurance. According to CIPD report on health and wellbeing, 44% of respondents agreed that an organisation’s efforts towards employee wellbeing created a healthier and more inclusive culture.

What does Group Health Insurance do?

Also referred to as Group Private Medical Insurance, Group Health Insurance provides private health care for employees giving them access to top quality medical treatments if they fall ill and, in many cases, helps avoid typical NHS wait times.

Benefits of a Group Health Insurance policy:

  • Cost-Effective – It’s a great way to reward your employees and boost their productivity
  • Less down time – Faster treatments and reduced wait times mean employees can return to work quicker – great for employers saving them paying salaries to staff unable to work and for employees if they’re employer doesn’t offer a full sick pay scheme
  • Tailored to your company – Macbeth work with insurers who offer a wide range of private medical insurance plans, providing you with tailor made policies
  • Attract new staff – Group Health Insurance is a great employee benefit and will allow you to find, attract and retain high calibre employees

 

Where can you find more information?

Overall, group health insurance is there to help your business, building a robust company culture and framework around your employees and care. Sending your employees a message to say you are there to help and support with their health and wellbeing. Afterall, happy healthy employees are more productive and are more likely to stay working for a company that cares.

If you need help choosing the best Group Health Insurance Policy for your company, and one that really offers great employee benefits then please contact Macbeth here.

Macbeth’s specialist employee benefits advisers can explain the different options and highlight the benefits, finding you the best policy for your company and employees.

Author: Simon Claxton | September 18, 2020

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