Your flexible friend

The recession has brought increasing focus on the costs of employee benefits incurred by businesses, with a number of organisations looking closely at whether private medical insurance (PMI) can continue to be a tenable solution. But as businesses continue to seek ways to manage costs while protecting the wellbeing of staff there are a number of unquantifiable risks for those that choose to stop PMI schemes. However, there are also possible alternatives. Over the last two decades, PMI has become well accepted as ‘de facto’ in employment packages, particularly where businesses are aimi...