Small Business Health Insurance

Small Business Health Insurance

Small business health insurance is a private policy group health insurance for small to medium size businesses. Most insurers require at least two or three members; However, some cover even a single employee.

In terms of a maximum group size, there’s not really a fixed upper limit. However, once you have between 65-100 employees most insurers will look to quote a policy of ‘related claims’ instead of the ‘age-related’ plans offered to smaller companies.

Like all health insurance in the UK, with the aim of a group policy is to cover the cost of private treatment for acute illnesses. That is, conditions that are likely to respond quickly to treatment.

A comprehensive policy will cover the costs of hospitalization, patients day and outpatient treatment in full, including nursing fees and accommodation.

Most majorities also cover outpatient specialist consultations and diagnostic tests such as X-rays, CT scans and blood tests. Along with clinical and complementary therapies such as physio. However, you can usually choose to remove or apply limits to this type of coverage to help contain costs.