Business Health Insurance for UK Companies
Group private medical insurance lets you cover your employees under a single business policy. It’s a benefit staff genuinely value, helps you attract and keep the people you want, and means key team members spend less time stuck on NHS waiting lists.
Insured Health arranges group PMI for UK businesses of every size. Call 0800 131 0400 or email info@insuredhealth.co.uk.
Who business health insurance is for
- Limited companies wanting to cover directors and key staff
- SMEs offering a group scheme as part of a benefits package
- Larger employers running corporate health benefits across multiple sites
- Startups wanting to compete with larger employers on perks
- Family businesses looking to cover working family members through the company
We can structure cover for businesses with as few as one employee (the director), all the way up to several hundred staff.
Why employers offer it
The business case is straightforward. Faster diagnosis and treatment means less time off work for the people you can least afford to lose. PMI is consistently rated one of the most-valued workplace benefits in UK staff surveys. And for many SMEs, it’s a far cheaper way to retain talent than matching a salary increase.
There are also practical benefits employees use day-to-day: virtual GP services with same-day appointments, mental health support, and Employee Assistance Programmes that handle everything from financial worries to bereavement.
Group PMI versus a series of individual policies
For very small companies; say one or two directors; individual policies sometimes work out better. From around three to five members upwards, group cover almost always wins on price, simplicity and underwriting terms.
Group schemes typically offer medical history disregarded (MHD) underwriting on larger schemes, which means existing conditions are covered without disclosure. That’s a benefit most individual policies can’t match.
Tax treatment
For limited companies, group PMI premiums are generally an allowable business expense and reduce corporation tax. The cover itself is treated as a P11D benefit-in-kind for the employee, who pays income tax on the value of the premium.
For sole traders, individual PMI premiums are generally not tax deductible because they’re treated as a personal benefit. We can walk you through which structure fits your setup, but you should confirm the tax treatment with your accountant.
What’s usually included on a group scheme
- Inpatient and day-patient surgery
- Outpatient consultations and diagnostics
- Cancer cover
- Mental health support
- Virtual GP services
- Physiotherapy
- Employee Assistance Programme
- Optional extras: dental, optical, international cover, travel insurance
Adding family members
Most group schemes let employees add their partner and children at a discounted rate. Premiums for family members are usually paid by the employee through payroll, though some employers fund family cover as part of the benefits package.
Frequently asked questions
How much does group health insurance cost? It depends on group size, average age, location and benefit choices. Per-employee costs typically range from around £35 to £150+ per month.
Can extended family be on the company policy? Only if they’re contracted employees of the business. For non-employee family members, the usual route is a separate individual policy funded by the company.
Do all employees have to join? That’s your decision. Some employers cover all staff automatically; others run a flexible benefits scheme where employees opt in.
What happens when an employee leaves? Most insurers offer a continuation option that lets the employee transfer to an individual policy without new underwriting, preserving cover for any conditions that arose during the group scheme.
Need a group quote? Call 0800 131 0400 or email info@insuredhealth.co.uk.
