Health insurance - considering cancelling

Sandtree

csgohan4 said:

I am curious how much would the company pay as a premium to have these policies which covers pre exisiting stuff which is unusual for the individual to get

I said already, was about £800 per person on a employee + spouse basis as the BIK tax has to be the cost to the employer to provide the insurance.

Obviously insuring several thousand people at the same time gives a decent discount.

csgohan4

Sandtree said:

csgohan4 said:

I am curious how much would the company pay as a premium to have these policies which covers pre exisiting stuff which is unusual for the individual to get

I said already, was about £800 per person on a employee + spouse basis as the BIK tax has to be the cost to the employer to provide the insurance.

Obviously insuring several thousand people at the same time gives a decent discount.

AHH, several thousand, so that's where the insurer makes their money. So it wouldn't be available for small company of less than 5 people.

goodwithsaving

Hi everyone. Thank you for your replies and views, it's appreciated. I'm not entirely sure why there was an assumption that I am male.
I fund it myself, work don't run a scheme but do provide me with a good sick pay deal which, given I don't have income protection (I save for a rainy day), I would hope private healthcare was quick enough to get me sorted and I could use savings thereafter if required.
I'm concerned about the repercussions of the pandemic and the inevitable lengthy waiting lists, although am also concerned about the upcoming budget and squeeze on finances. I can afford it and perhaps I should keep it for now. I'm finding any financial decisions at the moment an enormous mental drain as do worry about money even when I save 40% of my take home salary. I think I just panic about the future.

vacheron

goodwithsaving said:

Hi everyone. Thank you for your replies and views, it's appreciated. I'm not entirely sure why there was an assumption that I am male.

I read back through the threads to see who would be so presumptuous, and it turned out it was me! Sorry about that! 
As a male poster with a female avatar I have had the same happen in reverse... but I brought that on myself!  

goodwithsaving

vacheron said:

I read back through the threads to see who would be so presumptuous, and it turned out it was me! Sorry about that! 

That's okay! It made me chuckle