BUPA launches flexible group private medical insurance

Mon, 05 Oct 2009

Bupa has revealed a new flexible private medical insurance (PMI) product for businesses which employ more than 50 people.

Companies will be able to set up their own tailored health insurance packages, using benefit options which were previously only available to larger employers . The scheme will mean that businesses and staff will not have to pay for cover they don't want or need. BUPA Select will be available from 1 December and alongside its core product, it will provide out-patient, add-on cash packages and a range of underwriting and excess options.

Companies can also opt to exclude cancer or psychiatric cover, have a rolling excess or add an annual benefit maximum to their policy, allowing them to control costs and minimise exposure to high claims. There are also packages available to cover overseas and off-shore employees .

Fiona Harris, head of strategy and development at Bupa UK Health and Wellness said: "We know that many businesses are struggling in the current economic climate, but we also know how much they and their employees value their healthcare cover ."
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