Family Health Insurance

[sergeantpluck]

Hello, has anyone purchased private health insurance for themselves and their family through their limited company? I'm wondering if it might more affordable or tax efficient to do it through the business. Thank you kindly.

[northernladuk]

Have you asked your accountant about it? They are tax specialists afterall.

https://www.contractoruk.com/limited...insurance.html

And all this is about your cover as an employee/director of your company. Family insurance is not wholly and exclusively for the purpose of business so will attrack BIK.

[northernladuk]

Also factor in the fact it's highly likely you'll be taking an inside gig in the near future which is going to be a right pain in the arse having to get a new plan even if you could put it through the business.

[saptastic]

Hello, has anyone purchased private health insurance for themselves and their family through their limited company? I'm wondering if it might more affordable or tax efficient to do it through the business. Thank you kindly.

Yes. It was a lot cheaper through the company from the broker who gave me policy quotes.
Will need to pay BIK but it was more affordable and accountant said was allowable expense.

[dsc]

Can anyone recommend brokers / insurance suppliers? I'm looking into this as well, just not sure for how long (currently can't afford to wait weeks for simple blood tests etc).

[northernladuk]

Can anyone recommend brokers / insurance suppliers? I'm looking into this as well, just not sure for how long (currently can't afford to wait weeks for simple blood tests etc).

WPA is the name that used to be recommended. I'm sure they used to do a discount for CUK but this was a long time ago now. I'm also sure he used to post on here.

[saptastic]

Just if it helps I went with Bupa SME product.
Need to have more than one "employee" or "Director" in your Limited Company.
WPA was expensive for me personally.

[Stevep42]

I’ve had private cover for a while now and it’s been really useful. Things like physio, scans, and specialist appointments were all way faster than going through the NHS. My family used it for hospital care too, and it made a big difference.

If you’re comparing plans, some let you adjust the cover so you're only paying for what you really need. I found this site helpful https://premierpmi.co.uk/wpa-health-insurance/, it explains how to pick and choose different options like outpatient cover, mental health, etc.