Health insurance is an important thing to have as it can protect you in dire situations. Health scares are unexpected, and without good insurance, you can put a heavy financial strain on your family.
But if you are a small business owner, you can provide insurance for your employees. Not only will that protect them, but you can also hire better employees by offering more benefits. This will make lots of people want to work for your business because they know that you care about them.
While NHS is great, some people prefer private insurance plans as they can get a wider option of doctors and specialists to fit their lifestyle.
About small business health insurance
Health insurance offered through your small business is not much different from individual insurance. What small business insurance does is makes it easy to purchase large amounts of insurance for all your employees. This will make it easy to manage multiple plans and offer better benefits since you are purchasing in bulk
Is it cheaper?
When you purchase business health insurance, the price will be cheaper for your employees compared to individual insurance. This is the cheapest option to get someone high-quality health insurance.
How much is it?
Small business health insurance costs vary. Usually, it is premium based, meaning yearly costs. The average premium for private insurance is £1,349 per year per person. But when you speak with an insurance agent, you may be able to get some great discounts. A small business health insurance package price can only be obtained after speaking with an agent. Costs vary for each business.
The best thing to do to save money while looking is to call around to different companies and compare quotes and benefits. Make sure to ask about discounts and deals to get the best one!