Despite being a highly valued employee benefit, the take-up of corporate private healthcare schemes remains very low. Peter Madigan reports
When it comes to employee benefits in the UK, company-paid pension plans are far and away the benefit most frequently provided by employers. Yet, research from Sterry Communications has shown that employees value a company paid private medical insurance plan (PMI) as much as a pension, with both polling 40% of the vote in a recent survey. While almost all employers offer some kind of pension scheme to their staff, only 7.7% of the UK population are covered under a company paid PMI plan. During the favourable economic climate of the mid-to-late 90s, company-paid subscriber numbers grew by...
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