Health matters are high on the agenda for many businesses. With one in five companies planning to increase their health care benefits in the coming year*, here are three illustrations of how employers of small and medium businesses can use BUPA Select to create health insurance cover tailored for them.
Making employees feel valued enhances loyalty and productivity
Family run hotel / restaurant, Edinburgh
This business has a number of long-standing employees, including family members, who've given loyal service for many years. In return, the owner wants to look after her staff of 25: helping ensure that employees get back to work as quickly as possible in the event of any illness and helping avoid the expense of recruiting temporary staff who may not deliver the same levels of personal service. Also, while most employees do not live near the local Network hospital, they are close to the NHS hospitals.
BUPA Select health insurance options chosen:
- Increased out-patient benefit to £1,500 with no limit on complimentary medicine
- Increased access to include all participating hospitals, helping provide access to a hospital in close proximity
- Optical, dental and prescription cash benefit
|
Retaining Staff by improving the employee benefits package - but containing cost is a priority
Carpet manufacturing company, London
A local competitor has recently begun providing health cover. There is concern amongst management that their experienced staff will recognise that their package doesn't compare favourably and that they will start looking around for a more attractive offer.
The MD wants to retain his staff by enhancing their employee benefit package - but with 150 employees to consider, cost implications are a major concern.
BUPA Select health insurance options chosen:
- Reduced out-patient cover of £500
- Member contribution - £100 excess
- Hospital access not increased given the proximity of locally-based employees to a hospital within the BUPA approved partnership network
|
Providing health cover for key staff in a small business is essential
Start-up web design agency, Manchester
This business needs to keep costs down and production up at such an early stage in its development - but with only five staff, any long-term absence could have a serious impact on revenues. The partners appreciate that PMI could help avoid NHS waiting lists. Psychiatric cover is retained as a safeguard against the stressful nature of the business. The well-paid staff are happy to pay a £200 excess, which reduces premiums. The choice of high quality hospital accommodation is seen as an important factor in enhancing any recovery times.
BUPA Select health insurance options chosen:
- Member contribution of £200
- A higher standard of hospital accommodation in the wider participating network
|
* Employee Benefits / HAS Healthcare Research 2004
|
Call us on 
