Private medical insurance market shows signs of recovery
Raman Sankaran, Sales Director at Simplyhealth comments on the 2013 Laing and Buisson health cover UK market report.
It is pleasing to see that the private medical insurance market is beginning to show small signs of recovery, as highlighted in the latest Laing and Buisson health cover report.
“At Simplyhealth we have concentrated on updating our private medical insurance offering to both employers and individuals. We recognise that the economic environment and changing NHS is affecting the benefits and level of choice that people expect from private medical insurance. Our offering now provides more flexibility so customers can build their policy to meet their needs and budget.
“We have been providing self funded health plans for over 25 years and this remains a strong part of our offering. The control and flexibility over benefits and cost is the main attraction for larger employers wanting to provide a bespoke private medical insurance plan to their employees.
“We expected to see a continued rise in the employer paid health cash plan market, and the report shows that this has grown by 15.4%. Our own experience in this sector shows that employers now recognise that health cash plans can help them care for the health and wellbeing of their staff, minimise absence and deal with issues such as stress and musculoskeletal conditions.
“We recognise that if the healthcare market is to strengthen it needs all providers to listen to customers, employers and intermediaries so we can effectively adapt to the changing environment.”
Simplyhealth offers health cash plans, dental plans and private medical insurance to individuals, families and companies.
We became Simplyhealth in 2009 after bringing together HSA, BCWA, LHF, HealthSure, Totally Active, our family of health companies have joined together over the last ten years to form Simplyhealth
In December 2011, we acquired Denplan Limited, the UK's leading dental payment plan specialist.
We've been providing healthcare solutions for 140 years, dedicated to serving our customers and patients through a variety of cash plans, dental plans, private medical insurance, self funded health plans and mobility and living aids
Simplyhealth is a trading name of Simplyhealth Access, which is authorised and regulated by the Financial Services Authority
Simplyhealth as it stands today, now covers nearly four million people with health plans (more than any other company) and helps 20,000 companies with their employees' health
Simplyhealth is committed to making a positive impact on its communities. Each year, we donate over £1 million to health related charities and causes