Group critical illness insurance provides financial protection for employees diagnosed with serious medical conditions, offering a lump-sum payment to support them financially during difficult times. In this guide, we’ll detail what group critical illness insurance covers, its importance for businesses, and how to effectively incorporate it into your employee benefits package.
This guide dives into the essentials of employee dental insurance, covering what it is, the different cover options available, and its significance for both employers and employees. We'll explore how dental insurance works, from policy costs and tax implications to the process of making claims. Whether you're considering offering dental insurance for the first time or looking to improve existing benefits, this article provides the insights you need to navigate your options.
Group life assurance, sometimes referred to as death in service benefit, will cover employees against their death. If an insured employee passes away and a valid claim is made, a cash lump sum or regular pension payments will be made to their beneficiaries.
Executive income protection protects businesses and their employees against the financial impact of a staff member being unable to work due to illness or injury. When a successful claim is made, the policy will pay a monthly cash amount based on the employee’s salary to the business.
Employee health cash plans are an employee benefit that companies can implement to help their staff cover the cost of everyday healthcare services. Learn more about what they have to offer in our insight.
One of the few silver linings to come out of the pandemic was the accelerated adoption of digital healthcare, particularly for the delivery of primary care services. Now that patients have embraced such technologies and are using them in anger, it’s time for more organisations to offer them as part of the employee benefits they offer, such as private medical insurance.
As my colleague Gill Adams recently highlighted, most workers value employee benefits above pay. With the so-called Great Resignation showing few signs of abating, organisations need to ensure they are doing everything in their power to retain their best talent, and that means, among other things, offering the right mix of employee benefits.
New figures have highlighted the important role of life insurance in helping families cope financially in the event of a loved one’s death, as the protection industry witnesses an uptick in claims driven by the Covid-19 pandemic.
Workers want employee benefits that better support their wellbeing, yet a significant proportion of organisations are failing to offer the right mix, particularly when it comes to women’s health. These are two of the main findings from two separate pieces of recent research.
Most organisations realise that employee mental health should be at the top of their agendas. But many firms have yet to act on their policy commitments. It’s an area where offering the right employee benefits can really make a difference.
UK working adults value their health over their careers, according to new research, a reality that should highlight to organisations the potential of Private Medical Insurance (PMI). However, not all employee benefits packages are equal and some are far too inflexible, according to one nursing support services provider.
Employees need customised support which is tailored to their individual needs and circumstances. That’s one of the main findings to come out of two separate pieces of recent research. For organisations, this reality should act as a wake up call to review the group risk benefits they offer.
The Group Risk industry paid out over £2 billion during 2021, a significant increase over 2020 and testimony to the level of help it provides, research shows. Yet many employers are missing out on better deals on the employee benefits they offer as they are simply not taking the time to regularly review them.
Poor financial wellbeing at work is costing UK businesses billions of pounds every year, yet half of companies do not currently offer extra financial support to their staff. By not providing such support through employee benefits and value-add services like Employee Assistance Programmes, organisations are literally leaving money on the table.
As NHS waiting lists continue to lengthen, more and more people are exploring how private healthcare can complement our treasured health service. But if you’ve never had private healthcare before, figuring out what’s what can be a little daunting. But don’t worry we’ve got you covered and in this short guide on how does private healthcare work, we are going to provide you with everything you need to make an informed and confident decision.
As the UK’s cost of living crisis comes sharply into focus, employers are increasingly needing to support their employees’ financial wellbeing. By offering the right employee benefits and value-add services like Employee Assistance Programmes – which routinely include financial counselling and support services – companies can demonstrate just how much they value their staff.
What flexible employee benefits do your staff really want? It might seem like a simple question, but research reveals that a significant proportion of employees do not know what benefits are on offer. If that’s the case, how can they assess which ones are right for them?
Financial stress can directly impact employee performance, according to one new study. So as the cost of living crisis continues, employers need to ensure they are doing everything they can to support financial wellbeing in the workplace, including offering the right employee benefits and value-add services like Employee Assistance Programmes.
Flexible working is now a core feature in many workplaces across the UK, reaping benefits for both employees and employers alike. Alongside traditional employee benefits, flexible working has enabled employees to enjoy better work-life balances and employers to benefit from more motivated and productive staff. Now, two separate pieces of research reveal how remote working is affording people higher salaries and how flexible working could help millions secure employment.
Two recent pieces of research have highlighted just how much value workers place on the employee benefits they receive through their jobs. The second piece of research, in particular, underlines why organisations need to carefully consider the employee benefits they offer and ensure all staff are getting the same opportunities.
As NHS waiting lists continue to lengthen, more and more people are exploring how private healthcare can complement our treasured health service. But if you’ve never had private healthcare before, figuring out what’s what can be a little daunting. But don’t worry we’ve got you covered and in this short guide on how does private healthcare work, we are going to provide you with everything you need to make an informed and confident decision.
With more and more people facing mental health challenges, providing mental health and wellbeing support as part of the employee benefits you offer is a must nowadays. But unless these benefits are clearly and accurately communicated and the stigma associated with discussing mental health in the workplace is broken, even the best-laid plans can prove ineffective.
An increasing number of Brits are turning to private healthcare for their medical needs as NHS waiting times continue to increase. But for some without private medical insurance, the cost of going private means getting into debt.
With the NHS under considerable pressure because of the COVID-19 pandemic and waiting lists hitting record highs, the case for taking out Private Medical Insurance (PMI), which allows access to private healthcare, is stronger than ever.
The COVID-19 pandemic has caused nothing short of a healthcare revolution. With significantly more emphasis now being placed on the role of 'digital' and health and wellbeing being placed at the top of most organisation’s agendas, the future of health insurance will be decidedly different.
With the fantastic services provided by the NHS, not to mention most of which are free, is private healthcare in the UK really necessary? We’re here to give you 10 reasons and some food for thought as to why private healthcare is more than just a financial decision for many.
The Covid-19 pandemic has caused many individuals to consider their health, their family’s health and mortality in general. It’s a reality that has led many to investigate the benefits of private healthcare in the UK and review whether private medical insurance would be a smart investment for themselves and their family.
Even though 2020 is over and most of us are pinning our hopes on 2021 being a marked improvement, the topic of stress is still never far away as this New Year unfolds. While the UK’s Covid vaccine rollout will inevitably provide reassurance for many, the thought of returning to work and the associated risks remain a concern for Brits, a new study shows.
With 2021 now in full swing and our health firmly at the forefront of our minds, there is no better time to reflect on everything we learnt during the past unprecedented year. With few areas of our lives receiving as much of our attention as health and wellbeing over the past 12 months, this won’t change in 2021. As such it is worth considering the priority and role that health insurance can play in peoples’ lives.
Back in October, I wrote about how the Covid-19 pandemic is hammering mental health. I also highlighted in that piece how despite the detrimental impact of the current situation, many businesses are responding and supporting their employees as best they can. However, there is no getting away from the fact that Covid-19 is fuelling nothing less than a surge in work-related stress across the globe. Indeed, recently published research from AXA shows exactly what is happening in this regard across
NHS waiting lists are at their highest level since records began and now concerns are growing that we could end up with a two-tier healthcare system here in the UK, as more people look to the private sector to accommodate their health needs.
Individuals who earn above a certain amount should pay for private healthcare to help relieve pressure from the NHS, a leading eye surgeon has said. According to Dr Allon Barsam, co-owner of Ophthalmic Consultants of London in the Harley Street area, the impact of the COVID-19 pandemic on the NHS could be eased with greater private funding, helping the industry as a whole recover from the crisis.
This guide dives into the essentials of employee dental insurance, covering what it is, the different cover options available, and its significance for both employers and employees. We'll explore how dental insurance works, from policy costs and tax implications to the process of making claims. Whether you're considering offering dental insurance for the first time or looking to improve existing benefits, this article provides the insights you need to navigate your options.
Employers are more concerned about the health and wellbeing of baby boomers than they are any other generation in the workplace, new research reveals. Generally defined as people born from 1946 to 1964, during the post–World War II baby boom, baby boomers are fast approaching retirement. Nevertheless, they are the generation that employers worry about most when it comes to health and wellbeing, according to a poll carried out for trade body Group Risk Development (GRiD).
New figures have highlighted the important role of life insurance in helping families cope financially in the event of a loved one’s death, as the protection industry witnesses an uptick in claims driven by the Covid-19 pandemic.
Most organisations realise that employee mental health should be at the top of their agendas. But many firms have yet to act on their policy commitments. It’s an area where offering the right employee benefits can really make a difference.
A significant proportion of employees say their mental health is worsening. Meanwhile, the majority of employers say they want to better support their employees’ mental health, yet only around a fifth have invested in new employee benefits to provide any such extra support. It seems a perfect opportunity exists for organisations to highlight how much they care about their staff.
The way in which organisations support and care for their people has always been an important consideration. But changing employee expectations following the events of the past two years will mean employers have to step up their workplace wellbeing games if they want to attract and retain the best talent. While providing the right mix of employee benefits is a great starting point, by placing more focus on employee mental health and instilling an agile culture, employers can further engage their workforce and reap the associated benefits.
With skills and labour shortages affecting most UK industries, protecting employee health has never been more significant for organisations. But as research shows, many companies aren’t doing enough in this area, despite the benefits of providing the right employee benefits being plentiful.
Many employees at small- and medium-sized businesses (SMEs) have seen their mental health impacted by the COVID-19 pandemic, as highlighted by two separate pieces of research. For employers, the reality is that staff wellbeing has never been a more prominent subject and, as a result, offering the right employee benefits is more crucial than ever.
The financial wellbeing of employees should be an area of focus for organisations after the Covid pandemic, as research reveals how money worries have resulted in anxiety, stress and depression for staff. With this in mind, businesses should be looking at the staff benefits they are offering and see if they really are supporting their employees’ best interests.
Employers must try to do more to support their employees’ mental health, or risk their biggest assets becoming unwell and unable to work. And yet, despite COVID restrictions easing and people returning to their places of work, the pandemic continues to have widespread implications on people’s health. Which is why organisations whose employee benefits packages aren’t working in their workers’ best interests stand to lose out in many ways.
With UK job vacancies at a record high, according to the latest release from the Office for National Statistics (ONS), organisations need to put themselves in the best position possible to attract and retain the best talent. Failure to do so will likely see a company’s top assets looking elsewhere for employment.
The vast majority of employees want their employers to encourage good mental wellbeing in the workplace, but very few actually are. With Group Risk products often making up a significant proportion of employee benefits packages, it’s time employers started implementing solutions that their employees want. Fortunately, such products don’t cost the earth and employers that stay ahead of the curve stand to reap the greatest rewards.
The immediate effects of Covid-19 are widely known. But less is understood about the long-term implications of the disease. Now, new research has revealed how most employers are offering support to employees with Long-Covid, including virtual healthcare services, employee benefit programmes and flexible working arrangements.
Despite many workers being furloughed or working from home, the ‘always on’ cultures in many workplaces are exacerbating both presenteeism and leaveism, as outlined by my colleague, Gill Adams, here. It’s just one of the reasons why organisations should never underestimate the importance of health and wellbeing in the workplace.
Two separate pieces of research have revealed just how important mental health support for employees is. It begs the question: Are you fulfilling your duty of care as an employer and supporting your employees’ physical and mental health?
If you haven’t reviewed the benefits you are offering to your employees, there has never been a better time than now. Covid has caused individuals to think differently about their health and wellbeing, and forward-thinking employers will be the ones that benefit the most from tweaking their employee benefits offering to the needs of their staff.
Despite vaccinations ramping up in the UK, the mental health consequences of the Covid-19 pandemic are likely to stretch far and wide for some time to come. While the ongoing situation obviously presents many challenges for employers, those that seize the presented opportunities will come through this in the best shape.
Nearly a quarter (23%) of UK businesses do not offer any form of emotional or practical support to employees if they are diagnosed with a serious illness such as cancer or heart disease. That is one of the main findings from new research by GRiD, the group risk sector industry body.
The announcement that the UK has approved the Pfizer-BioNTech Covid-19 vaccine will have come as welcome news for many. It now (hopefully) means that we can start returning to some semblance of normality once more and put the physical threat of SARS-CoV-2, the virus that causes COVID-19, behind us.
Whether they’ve been furloughed for the last few months, working reduced hours or carrying on with their jobs as best they can, your employees will have been significantly impacted — in a variety of ways — by the ongoing Covid-19 pandemic. Right now, they need you as an employer to be more supportive than ever.
The ongoing Covid-19 pandemic is having a profound impact on both employers and employees, especially when it comes to mental health. While the initial lockdowns and social restrictions have taken their toll, we are now faced with an extended period of social isolation.
Executive income protection protects businesses and their employees against the financial impact of a staff member being unable to work due to illness or injury. When a successful claim is made, the policy will pay a monthly cash amount based on the employee’s salary to the business.
The uncertainty and unease caused by the ongoing Covid-19 pandemic has meant that 2020 will go down in history as one of the most unprecedented in living memory. Now, as we enter 2021, health and wellbeing is going to remain high on people’s agendas as they reflect on the events of the past year.
How long could you and your family survive financially if you suddenly became unable to work? Would state benefits be enough to support you? How long would any savings you’ve accumulated last? If your answer to any of those questions was “I don’t know” then Income Protection (IP) might be something you want to find out more about.
Figures show that income protection (IP) sales are healthy. In fact, according to data released by the Financial Conduct Authority (FCA), IP sales in the first half of 2019 reached their highest level since FCA records began in Q2 of 2005.
Group critical illness insurance provides financial protection for employees diagnosed with serious medical conditions, offering a lump-sum payment to support them financially during difficult times. In this guide, we’ll detail what group critical illness insurance covers, its importance for businesses, and how to effectively incorporate it into your employee benefits package.
Group life assurance, sometimes referred to as death in service benefit, will cover employees against their death. If an insured employee passes away and a valid claim is made, a cash lump sum or regular pension payments will be made to their beneficiaries.
The Group Risk industry paid out over £2 billion during 2021, a significant increase over 2020 and testimony to the level of help it provides, research shows. Yet many employers are missing out on better deals on the employee benefits they offer as they are simply not taking the time to regularly review them.
For many small business owners, when it comes to protection, the focus is often on the company and not the founder. But such an approach risks leaving the small business owner vulnerable should they become seriously ill or injured. Without them at the helm, how would the business inevitably fare and for how long? That’s why income protection for small businesses is absolutely something that should be considered if the business owner wants to afford total peace of mind.
Employee benefits packages, which usually include Group Risk benefits, play an important role in helping support employee health and wellbeing. That is one of the conclusions made by the government in response to its 2019 consultation on how to reduce ill-health related job loss.
New research reveals the Group Risk market is displaying a ‘gender paradox’, highlighting the need for providers and employers to better facilitate adoption among every gender. According to the Legal & General (L&G) study of over 1,000 UK employees, a gender paradox exists when it comes to group risk protection benefits, with more women than men being aware of the limitations of state health and welfare support. However, fewer women than men actually fully engage with group protection benefits and services.
The Covid-19 pandemic has made most workers consider their financial situations and security, as well as emphasise the importance of Group Risk employee benefits. In fact, Group Risk employee benefits have never been so highly valued (by both employers and employees).
After months of either being furloughed, working from home or carrying out their jobs in a totally different way, employees from organisations across every sector need to be supported by their employers. As a result, there has never been a more important time for employers to look at their duty of care to their employees as now.
In July 2019, the UK Government published a consultation paper: Health is everyone’s business: proposals to reduce ill health-related job loss. It outlined, among other things, how the government and employers can take action to reduce ill health-related job loss. In response to the publication of this consultation, the industry body for the group risk sector, GRiD, set up the Workplace Public Policy Committee (WPPC), with the aim of promoting workplace health and wellbeing matters to...
As if employee benefits needed any more reasons to be at the top of every employer’s agenda, the coronavirus pandemic has firmly underlined their importance once more. Here we take a quick look at how three group risk products can be pivotal during a pandemic, providing reassurance, faster access to healthcare and direct financial support.
UK workers overestimate state benefits, yet few companies have any protection in place. Research has shown that workers overestimate how much support they would receive from the government if they found themselves unable to work due to an illness or disability. Yet only a tiny proportion of UK SMEs have suitable protection in place to safeguard their employees financial security. This suggests that both a huge protection gap and enormous opportunity exist.
According to the study by Opinium on behalf of GRiD Group Risk Development (GRiD), the industry body for the group risk protection sector, 31% of employers do not make early intervention services available to help staff who have been absent for six months or more return to work. Almost the same number of employers again (32%) don’t have any financial support in place for staff if they are absent long term.
In 2019, the Group Risk industry paid out a record £1.76bn in claims, new data shows. According to the figures released by Group Risk Development (GRiD), the industry body for the Group Risk protection sector, the total amount of claims paid last year was £75m more than the year before, with cancer claims making up the majority.
One of the few silver linings to come out of the pandemic was the accelerated adoption of digital healthcare, particularly for the delivery of primary care services. Now that patients have embraced such technologies and are using them in anger, it’s time for more organisations to offer them as part of the employee benefits they offer, such as private medical insurance.
As my colleague Gill Adams recently highlighted, most workers value employee benefits above pay. With the so-called Great Resignation showing few signs of abating, organisations need to ensure they are doing everything in their power to retain their best talent, and that means, among other things, offering the right mix of employee benefits.
Workers want employee benefits that better support their wellbeing, yet a significant proportion of organisations are failing to offer the right mix, particularly when it comes to women’s health. These are two of the main findings from two separate pieces of recent research.
Employees need customised support which is tailored to their individual needs and circumstances. That’s one of the main findings to come out of two separate pieces of recent research. For organisations, this reality should act as a wake up call to review the group risk benefits they offer.
UK working adults value their health over their careers, according to new research, a reality that should highlight to organisations the potential of Private Medical Insurance (PMI). However, not all employee benefits packages are equal and some are far too inflexible, according to one nursing support services provider.
Poor financial wellbeing at work is costing UK businesses billions of pounds every year, yet half of companies do not currently offer extra financial support to their staff. By not providing such support through employee benefits and value-add services like Employee Assistance Programmes, organisations are literally leaving money on the table.
What flexible employee benefits do your staff really want? It might seem like a simple question, but research reveals that a significant proportion of employees do not know what benefits are on offer. If that’s the case, how can they assess which ones are right for them?
Financial stress can directly impact employee performance, according to one new study. So as the cost of living crisis continues, employers need to ensure they are doing everything they can to support financial wellbeing in the workplace, including offering the right employee benefits and value-add services like Employee Assistance Programmes.
Flexible working is now a core feature in many workplaces across the UK, reaping benefits for both employees and employers alike. Alongside traditional employee benefits, flexible working has enabled employees to enjoy better work-life balances and employers to benefit from more motivated and productive staff. Now, two separate pieces of research reveal how remote working is affording people higher salaries and how flexible working could help millions secure employment.
Two recent pieces of research have highlighted just how much value workers place on the employee benefits they receive through their jobs. The second piece of research, in particular, underlines why organisations need to carefully consider the employee benefits they offer and ensure all staff are getting the same opportunities.
As the UK’s cost of living crisis comes sharply into focus, employers are increasingly needing to support their employees’ financial wellbeing. By offering the right employee benefits and value-add services like Employee Assistance Programmes – which routinely include financial counselling and support services – companies can demonstrate just how much they value their staff.
Employers have much to learn from the unprecedented rate of staff turnover we’ve witnessed in recent times. The Great Resignation has underlined the importance of organisations really looking after their staff’s needs, including their working arrangements, available support and employee benefits.
England’s beloved NHS continues to struggle as the impact of the pandemic stretches far and wide. But now leaked figures show that the situation is likely to get worse before it improves and that private healthcare groups are being called in to help ease the backlog.
The uncertainty and raft of changes brought about by the pandemic has seen many employees seriously questioning their roles and even seeking employment elsewhere to achieve better work-life balances, better employee benefits and better working arrangements. It’s a phenomenon that’s been dubbed the ‘Great Resignation’ by Anthony Klotz, an associate professor of management at Texas A&M University. Organisations would do well to take note of what’s going on or risk losing some of their most valuab
Despite many hoping that 2022 would mark the end of the COVID-19 pandemic and we could draw a line under the events of the past c. two years, new coronavirus variants seem to have other ideas. With this in mind, supporting employee health and wellbeing should be a top priority (if it’s not already) for organisations as this year continues to unfold and the role of group risk products should not be underestimated in fulfilling this mission.
The Great Resignation continues, with workers across the globe quitting their jobs in droves, mainly in response to the raft of drastic changes that were implemented because of the COVID-19 pandemic. For firms struggling to hang on to their talent or attract new staff, offering the right mix of employee benefits significantly helps both stem the churn and position them as a company that people want to work for.
With a significant proportion of the UK population experiencing the effects of so-called long covid, the importance of being able to secure a GP appointment when needed is paramount. But, sadly, many people are unable to get one when they need it most. This reality further highlights how beneficial private medical insurance can be.
As we welcome 2022 with anticipation of a better year than 2021, what better time than now to look at how organisations should look to improve their employees’ health and wellbeing over the next 12 months. The good news for employers is that there are a number of options in addition to employee benefits that can help boost their workforce wellbeing programs - physically, mentally and socially. Here are our top four New Year’s resolutions for employers to better support their employees’ health
Following another year of pandemic-related disruption, it’s more important than ever for healthcare services, including private healthcare, to continue to provide patients with the best clinical outcomes possible. With that in mind, here are 5 healthcare trends we can expect to see in 2022.
Two separate pieces of research have underlined the importance of financial wellbeing at work. With many employees saying they are not financially on track and a significant proportion unable to receive sick pay, the role of employer-provided protection should not be overlooked. In fact, employers should be reviewing the employee benefits they offer to ensure they are working in their employees’ best interests.
The advantages of offering the right employee benefits are well documented. But now new research has revealed how a significant proportion of employees would actually be prepared to quit their jobs and seek employment elsewhere if better perks were offered.
As our growth plans continue at pace, we have a vacancy for an administrator within our healthcare team. Experience of health insurance preferred. Whilst our office is in Paulerspury, Northants, remote working will be considered with travel to head office as required.
Having experienced a seismic shift towards more remote working as a result of the COVID-19 pandemic, many employees would like hybrid working arrangements to continue into the future so they can benefit from improved work-life balances.. The smart employers will be the ones that embrace this sentiment with appropriate employee perks and benefits.
Royal London data for 2019-2020 has revealed that critical illness claims declined by one fifth, with cancer claims in particular down as people delayed healthcare appointments at the height of the pandemic.
A significant proportion of employees have experienced stress in the workplace, recent research has revealed. Meanwhile, separate research shows that in-work employee benefits can help alleviate dissatisfaction at work.
The Covid-19 pandemic has taken its toll on many UK adults’ financial security. Meanwhile, younger workers have expressed a preference for financial bonuses over many other incentives. For employers, there is a huge opportunity when it comes to providing financial wellbeing at work.
Our growth plans continued this week with the acquisition of Equity Health Solutions. Equity will become the consumer specialist division of Premier Choice Healthcare and their excellent reputation in the market will see this area of our business continue to grow. We are very excited to have the team at Equity on board.
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