Health cover – a problem shared

One of the most popular types of private health cover policy amongst small businesses is a shared risk health cover plan. This gives businesses the benefit of paying reduced premiums in return for sharing the cost of claims with their policy providers. Whereas multi-national corporations usually offer their employees comprehensive health cover policies to cover all eventualities, private health cover in small businesses is more likely to be about personal preferences. Smaller businesses may not need or be able to afford comprehensive policies which is why so many are turning to shared risk policies to reduce the costs of their premiums. So, regardless of the size of your company, you are sure to be able to find a private health cover policy that suits the needs of your business and your employees.

Health cover – meeting half way

Most private health cover policies include an excess, which commits the policy holder to pay a proportion of the cost of any future claim. In the case of shared risk health cover plans, small businesses are able to reduce their premiums by agreeing to meet a higher proportion of the claim. For smaller companies that want to offer their employees the benefits of private health insurance but are unsure about their capacity to meet the costs, it’s a good idea to seek expert advice. Speak to a specialist private health cover provider who will be able to recommend a payment scheme that’s financially viable for your  business.

Health cover – discussing your needs

If you run a small business, you’ll know how  important it is to attract a pool of good employees to help your company flourish. Most employees list private health cover as one of the primary benefits that they look for when choosing an employer. However, before deciding on a shared risk health cover plan, discuss its pros and cons with your provider to determine whether  it is the right option for your business, or if another type of  private health cover plan would be more suitable.

Looking for health cover? Speak to Right to Health

Right to Health is a leading UK health insurance intermediary, helping individuals and businesses find the best private health insurance cover. With access to the UK’s top health insurance companies, Right to Health has advised thousands of clients and can help you to get great health coverage for a competitive premium. Right to Health is authorised and regulated by the Financial Conduct Authority, which means you can be confident that the recommendations you are given really are in your best interests. To find out more or  get a review of your current health insurance, call us on 08000 753 999 or click the Get Quotes button at the top of the page.