By Dean Ghavami
Nowadays, it has become quite common for companies, big or small, to offer private health insurance to their employees. There are several benefits that the company reaps in lieu of this comparatively small expense.
• Company health insurance helps to attract quality staff and in retaining them
• Employees get speedy private treatment and hence can return to work sooner
• Employees get more choice as far as hospitals, surgeons, and specialists are concerned
• It will ensure peace of mind for you and your employees
However, over the years, we have observed that at times companies can end up paying more for their premiums than they need to. It is quite natural that some insurance companies will not come in with their best possible rates right from the outset when they are providing quotations for your company. If companies were to spend some time on negotiating with the different insurers, they would in most cases be able to reduce the quoted premiums.
Needless to say, there is the hassle of matching your specific health insurance requirements and the products and services that most insurance companies in the market are offering. Every organization has different insurance needs, and sometimes it becomes difficult to find the right health insurance company that satisfies all your needs. However, if you wish to opt for company health insurance for your employees and wish to simplify the process, you can use a broker that specializes in private health insurance and is able to find the right cover at the right price.
Usually there is no fee charged to the client as these specialist brokers receive commission from the insurance companies once they have submitted an application. The brokers providing such specialist services do not shoot in the dark as far as your specific requirements are concerned. They in fact, perform a thorough analysis of your company private medical insurance requirements before making a recommendation based on your needs. Usually a detailed analysis of the products and services offered by the insurance companies are provided.
Using a specialist private medical insurance broker can in most cases save you time and money as they try hard to negotiate the best rates possible for your company. Therefore, you don't have to spend hours searching and comparing the different policies in the market for suitable insurance companies which will save you a lot of time and resources that can be put to better use elsewhere.
Dean Ghavami is the Director of DataHealth Consultancy Ltd which was founded back in 2000 and he has over 15 years of experience in the health insurance industry.
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