Private medical insurance (PMI) is an increasingly popular employee benefit for businesses looking to support staff wellbeing, reduce absenteeism, and attract and retain top talent. But how does private medical insurance actually work, and what does the process look like for employers?
What Is Private Medical Insurance?
Private medical insurance provides employees with fast access to private healthcare, covering consultations, diagnostics, and treatment for medical conditions. PMI allows employees to receive care quickly, helping them recover sooner and return to work faster.
Policies can cover a wide range of services, including specialist consultations, scans such as MRI and CT, hospital treatment, and in some cases therapies and mental health support. Cover levels vary depending on the policy chosen, making it important to select the right option for your business and workforce.
How Does the Private Medical Insurance Process Work?
The process typically begins when an employee experiences a health issue and contacts the insurer directly or is referred through their GP. The insurer authorises treatment, arranges appointments, and covers eligible costs in line with the policy terms.
For employers, private medical insurance is usually set up as a group policy, meaning all eligible employees are included under one scheme. Premiums are paid monthly or annually, and the policy can be reviewed and adjusted as your business grows or changes.
Choosing the Right Cover for Your Business
Not all private medical insurance policies are the same. Cover levels, hospital lists, exclusions, excesses, and pricing can vary significantly between insurers. This is where expert guidance is invaluable.
We work as independent brokers, giving you access to a wide range of leading UK insurers. We take a personalised approach to ensure your private medical insurance aligns with your business needs and budget.
How We Work
Our process is simple, transparent, and proven:
To start, we understanding your business, workforce, and priorities.
Review any existing private medical insurance or employee benefits you already have.
Source and compare quotes from multiple insurers, looking beyond price to assess cover, limits, and exclusions.
Negotiate premiums and terms on your behalf.
Present clear recommendations in plain English, so you can make informed decisions with confidence.
Once in place, we handle setup, changes, and ongoing support, and we review your policy annually to ensure it continues to deliver value.
Why Invest in Private Medical Insurance?
Offering private medical insurance demonstrates that you value your employees’ health and well-being. It helps reduce sickness absence, improves morale, and strengthens your employee benefits package all while supporting productivity and engagement.
If you’re considering private medical insurance or reviewing your current cover, working with an experienced broker ensures you get the right protection without unnecessary costs.
Get in touch with Medical Made Easy today to explore private medical insurance solutions tailored to your business.