With private medical insurance a stretch for many firms, Lee Andre makes the case for introducing cash plans into the workplace.
Private medical insurance (PMI) has been a prominent benefit for many years. The majority of course would, if they could, opt into the reassurance of knowing that, if necessary, medical treatment would be available instantly and easily. But it is undeniable that for the majority PMI is out of reach financially and companies that once provided it for their top management are now looking to other benefits. The Health Cover UK Market Report 2011, from healthcare analyst Laing and Buisson, showed that the health cover market has continued to be scarred by economic depression in 2010, a...
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