Corporate healthcare programmes enable a team to perform more effectively, enabling you to achieve your goals more easily. The trouble is, there are a number of drawbacks to traditional medical insurance.
Most standard insurance schemes are inflexible. What’s more, all group insurance is taxed – increasing costs by 5% at current rates. You’re exposed to accelerating medical inflation, and you’re also likely to face higher and higher administration expenses levied as part of your insurance premiums.
And any surplus that’s left if the value of your claims falls short of the premiums you’ve paid are absorbed by your insurance company – adding to their profits at your expense.
An increasing number of businesses and public sector organisations have switched on to the advantages of operating their own corporate healthcare trust.
Instead of paying premiums, the company or public sector organisation forms a trust. Money is then paid by the employer or employees into the trust’s bank account to meet any private medical fees incurred by its scheme members.
There’s no insurance tax to pay, and administration costs are much lower too. You can take direct control of shaping your scheme, and you can also maximise the trust’s security by taking stop-loss insurance to protect against volatility in benefits payments.
Multiplex Healthtrust is a health management business with over 20 years’ experience in creating and administrating corporate healthcare trusts for organisations across the public and private sectors.
We’ve got an excellent reputation amongst our clients for creating then running health trusts that really perform.
Core elements of the service include a comprehensive advisory service to develop a scheme that meets your needs and an administration service to establish and assist in managing the scheme. We can also assist in the provision of support services including health screening and 24 hour access to a doctor.
Healthtrust Management Services Limited
Registered in England & Wales No. 3415978.
Registered address: Paradigm House, Brooke Court, Wilmslow, Cheshire, SK9 3ND
Multiplex Healthtrust is a trading style of Healthtrust Management Services Limited.