July 14, 2024
This guide explores the fundamentals of company health insurance in the UK, such as its definition, cover options, policy details, and how it compares to personal health insurance plans.
Read MoreHealth insurance for the self-employed and freelancers covers the individual for private healthcare diagnosis and treatment, subject to the inclusions in the policy. The cost of the policy premium may be eligible to be paid out of your business expenses, and it may help you get back to work sooner due to quick access to diagnostics and treatments. In some cases, a personal policy may be more beneficial than a policy for self-employed people, but this is something that we can advise you on once you’ve learnt more about how you may benefit.
Both the self-employed and freelancers will go through the same process when comparing health insurance. While there may be some differences between the two in terms of their business status, the way they refer to themselves will not impact the policies available to them. Providers will look at the personal circumstance of each individual rather than whether they’re classed as being self-employed or a freelancer.
You’ll have the option to tailor aspects of your health insurance policy around your wants and needs. For example, outpatient cover may not be included as standard, and if you do want this included, you may have the option between various levels of cover. Depending on the provider you opt for, there may be more or less benefits. This is why we always advise that you go through a health insurance comparison process so that you can fully understand the options available to you. Some of the most common benefits and features you may be offered include:
Any freelance or self-employed health insurance policy should aim to cover the business owner for the treatments that present the most value to them. This may vary depending on the industry they’re working in, or it may be more personal to their individual health wants and needs. Tailoring your policy with both the business and the individual in mind may help you purchase a policy designed to help if the owner falls sick. Having quick access to diagnostics and treatments may mean that the business owner can return to work sooner and reduce the incurred costs of not being able to operate the company.
Mental health in the UK affects 1 in 4 of us (mind), and periods of ill mental health may result in self-employed and freelancing individuals being unable to work. The report from MIND states that anyone can get a mental health problem, which means that the pandemic may also have led to an increase in the number of self-employed people experiencing ill mental health. Many health insurance providers offer mental health support, with additional treatment options being available as additional inclusions.
The price of self-employed health insurance varies from person to person, and all of your requirements and personal information will determine how much you’ll pay. Finding a balance between a premium payment you can afford and coverage that offers you the protection you need may help you benefit most from your health insurance policy. Some of the factors that are considered during the pricing of your policy include:
The type of work that you do
Your age
Previous health history
Your location
Your policy exclusions
Excess amount
Underwriting terms
Additional cover options
Level of outpatient cover
We can help you to compare the health insurance policies available to you on the UK market, with the aim to find you the most competitively priced policy that covers you for everything you need.
Below you'll find our latest blogs covering the topic of corporate health insurance. To see more articles like this, you can view our Health Insurance News & Blogs page here.
This guide explores the fundamentals of company health insurance in the UK, such as its definition, cover options, policy details, and how it compares to personal health insurance plans.
Read MoreIf you want private health coverage but are concerned about the cost, there are many ways to make policies more affordable for you and your family. Learn more in our blog.
Read MoreAffordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
Affordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
Affordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
Affordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
Affordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
Affordable Business Health Insurance. Our dedicated business team will find the most tax efficient solution.
