Healthcare trusts vs private medical insurance
Navigating the complexities of employee healthcare benefits can be challenging, but understanding the differences between Healthcare Trusts and Private Medical Insurance (PMI) can help businesses make the right choice for their workforce.
In today's challenging economic climate, businesses are rethinking how they provide healthcare benefits. While Private Medical Insurance (PMI) has long been the go-to option, Healthcare Trusts are emerging as a flexible and cost-effective alternative.
Healthcare Trusts offer advantages such as reduced costs (typically saving 10% compared to PMI premiums), bespoke benefits tailored to your workforce, and the ability for businesses to retain unused funds rather than losing them to insurers. Despite common myths, setting up and managing a Healthcare Trust is straightforward when partnered with a reputable provider.
Want to learn more? Download our publication to explore how Healthcare Trusts compare to PMI and discover which option is best for your business.
