We mentioned above that one of the critical decisions you will have to make is whether you opt for basic cover, which will just cover inpatient treatments for your employees, or alternatively, a more comprehensive policy. However, that is just one consideration you will need to make. Let’s have a look at other factors that your business will need to consider and discuss with a professional when selecting the right policy for your business:
- Excess -This is the amount your business will pay towards the claim before your policy covers the rest.
- Mental health cover - This isn’t always included but is a desirable benefit that adds value. It can be a costly benefit to add, so one that’s worth discussing with your broker.
- Dental and optical care - most policies will include surgical procedures. However, routine care is often excluded. It can be added to your premium, usually for a small additional fee.
- Cover for family members - As mentioned earlier, it is possible to add employees, immediate family to a policy. This is usually at an additional charge but is a benefit that employees value.