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Premiums fixed for life
The Healthcare Deposit Account offers you fixed monthly premiums for life, so they'll never go up, no matter how old you are or how many times you have claimed.
Cash if you claim, cash if you don't
Unlike other healthcare policies, where your premium is lost whether you claim or not, the Healthcare Deposit Account puts half of each monthly payment into your own personal deposit account.
If you need to make a claim, your personal deposit account will pay a set percentage of the cost. This will always be the minority share - usually 10% of the claim. . At the same time, if you stay reasonably healthy and rarely need to claim, the money in your personal deposit account is there for you to withdraw if you wish.
Some of the other key benefits you can expect from this healthcare plan include:
- Comprehensive cover including private consultations, surgery, alternative therapies, cancer & heart treatment, dental & optical bills and cash payments for an overnight stay in an NHS hospital.
- Your choice of monthly premium, from as little as £30 a month .
- A choice of hospital or treatment location, whether it is private or with the NHS.
- An Early Years Top-up option, which gives you an extra £20,000 of medical cover in the first five years for just £5 a month, while you're building your deposit account balance, £30,000 of medical cover in the first ten years for just £10 a month.
About the product provider
A long established Friendly Society formed in 1868, initially to help people save for healthcare. Before the NHS was launched, Friendly Societies were the primary providers of healthcare. In fact this particular friendly society was seen to have such expertise that they supported the government in administering state healthcare from 1912 and went on to help set up the National Health Service in 1948.
Established 80 years before the NHS, they now have over 130 years' experience in caring for their account holders. As a Friendly Society and a mutual, they have no shareholders to pay dividends to. Their ultimate purpose is to provide benefits for their members. They pride themselves on the very high standard of service they are able to offer their clients.
How the plan works
You make a contribution each month between minimum £20.00 per month and maximum £100 per month depending on age.
Half of your contribution is placed in your own deposit account and half goes to the Society to administer your scheme.
Cost of claims are paid 10% by your own deposit fund - the balance from the Society
For more details if you are under 68 and wish to consider joining this excellent scheme please contact us now
Group Private Medical with a difference |
| Top pedigree institution – established 130 years – not-for-profit Friendly Society. |
Lower costs per capita per employee – client decides how much. Is not age related other than
under 50 - minimum premium £30.00
over 50 - minimum premium £50.00
over 60 - minimum premium £60 |
| No more claims related increases …. EVER |
| Budgeting stability |
Employee takes fund with them if they leave |
| Protection against under funding years 1 – 10 at £10 per month |
| Generous underwriting – may consider some pre-existing conditions |
| Is a mutual organisation not concerned with profit – ethos will be to assist and facilitate a claim. |
Immediate cost saving for employer |
| Significant longer term cost saving |
| No annual policy reviews |
| Co-branded literature available for larger groups |
| Generous full refund dental and optical cover after 6months membership |
| No Excess |
| No administrative involvement/payroll deductions for spouses and children – the employee pays directly into the fund |
You are our client - We act for you - not the Insurer
Benefits for Business Ltd is authorised and regulated by the Financial Services Authority. Benefits for Business Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 304510.
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Private and Group Medical Insurance 
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