No Result
View All Result
Benefits Expert
  • About
  • Advertise
  • Alerts
  • Events
  • Contact
  • NEWS
  • IN DEPTH
  • PROFILE
  • PENSIONS
  • GLOBAL REWARDS
  • FINANCIAL BENEFITS
  • HEALTH & WELLBEING
  • DIVERSITY & INCLUSION
  • PODCAST
No Result
View All Result
Benefits Expert
  • NEWS
  • IN DEPTH
  • PROFILE
  • PENSIONS
  • GLOBAL REWARDS
  • FINANCIAL BENEFITS
  • HEALTH & WELLBEING
  • DIVERSITY & INCLUSION
  • PODCAST

4 in 10 UK businesses considering private health insurance

by Benefits Expert
06/11/2023
2023 sector predictions: health and group risk
Share on LinkedInShare on Twitter

RELATED POSTS

Talk Money Week, speech bubble, piggy bank, workplace savings, tax, pensions

DC pensions providers warn of ‘reserved powers’ risk to savers in reform plans

Scottish Widows, podcast, How digitally able is the UK

Scottish Widows Podcast: How digitally able is the UK?

A recent study conducted by the Independent Healthcare Providers Network reveals that 40% of UK businesses are contemplating the adoption of private health insurance for their employees.

This is attributed to growing concerns among businesses about escalating rates of employee illness absences, prolonged wait times within the NHS, and a proactive response from some executives who are considering the implementation of private health insurance for their workforce.

The Independent Healthcare Providers Network, representing a majority of private health service providers, also discovered that slightly over half of the 1,000 surveyed businesses expressed a level of concern, ranging from “fairly concerned” to “very concerned,” regarding the potential impact of extended waiting times on their internal sickness absence rates.

Buck senior benefits consultant Amanda Cran says: “UK businesses are increasingly looking to ways they can attract and retain talent, but many are not always in a position to offer inflation-busting salary increases.

“With employees growing more and more concerned about challenges facing public healthcare, including extended waiting times, one area companies are looking to boost their employee offering is by improving the health and wellbeing platforms they provide, and even setting up private medical insurance (PMI) or cash plan policies for staff.

“Almost 40 per cent of firms are exploring PMI as part of their employee benefits package, while research from Buck shows that nearly half the UK’s employers (47 per cent) plan to increase investment in financial wellbeing and employee health benefits technology platforms.

“Just some of the ways employers are taking action include offering access to quality, unlimited digital tools like CBT plans, mental and physical assessments, mindfulness, personalised content, and 24/7 GPs – all of which demonstrate their commitment to the wellbeing of their teams.”

Next Post
Employers, employees, intermediary, benefits, retention

One-third of companies with overseas staff do not benchmark benefits

cash-saving benefits

Increasing 'unforeseen expenses' drive borrowing

SUMMIT

BENEFITS UNBOXED PODCAST

Benefits Unboxed
Benefits Unboxed

The podcast from Benefits Expert, the title for HR, reward and benefits professionals.

Seasoned professionals examine the challenges and innovations in today’s employee benefits, reward and HR sector. Every episode, they will unbox a key issue and unpack what it really means for employers and how they can tackle it.

The regulars are Claire Churchard, editor of Benefits Expert; Carole Goldsmith, HR director at the Royal Horticultural Society, and Steve Herbert, consultant and rewards & benefits veteran.

Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
byBenefits Expert from Definite Article Media

As the professionals responsible for helping their organisations navigate NI hikes, rising employee stress levels and looming redundancies, the pressure on HR, reward and benefits teams has never been greater. 

HR is expected to lead with strength and compassion. But who is supporting the supporters?

In this episode of Benefits Unboxed, co-hosts Claire Churchard, Carole Goldsmith and Steve Herbert explore the emotional and ethical pressures HR face today, from managing redundancies to implementing complex legislation. They discuss why HR’s own wellbeing may not be the first topic of conversation, the risks that poses to employers, and the practical steps businesses can take to better support the wellbeing of the people who support everyone else.

This conversation shines a light on the resilience of the profession and why looking after HR is not just the right thing to do, but a business imperative.

Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
22/05/2025
Benefits Expert from Definite Article Media
Search Results placeholder

GUIDE TO CASH PLANS



CLICK TO REQUEST A FREE COPY

OPINION

Chris Andrew, EVP, Gallagher

Rewriting the deal: how hybrid and remote work is changing EVPs

Pat Sharman, Everyone Matters

What CEOs don’t know about workplace culture, but should

Jo Werker, CEO, Boostworks

Six proactive ways HR can build a happier, healthier workplace

(Left) Simon Fowler, Adviserplus, Empowering People Group, (right) Rena Christou, Halborns

Top 10 employment law reforms every HR team needs to prepare for now

SUBSCRIBE

Benefits Expert

© 2024 Definite Article Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy Policy
  • Terms & Conditions
  • Contact

Follow Benefits Expert

No Result
View All Result
  • News
  • In depth
  • Profile
  • Pensions
  • Global rewards
  • Financial benefits
  • Health & wellbeing
  • Diversity & Inclusion