Group Medical Insurance

[xenomorph]

You don't know how an excess works, you do?

But, I'd agree - £50/month for medical insurance seems cheap, even if the insured party is young/healthy. xenomorph, who is the insurer? Is cancer the only exclusion?

Its AXA PPP.Buisness Medical.
The same offering on the personal one works out £80 a month.
I have excluded following:
- No in person Private GP
- No Cancer cover
- No physio cover
- Limited Out-Patient so 4 out patient assessments per year

I asked them whats the difference between this and personal plan and they said nothing apart from this must be in name of Business and cannot be paid via personal account.
Difference with Axa vs others is the mental health cover. So in the last 5 years you have not had any medication or referral from your GP for mental health then it will be accepted.
They also fixed my price for 2 years.

Business Health Insurance | AXA PPP healthcare

[Paralytic]

Sounds to cheap to be any good

2 years time - I have a sore back

Yes needs fixed

Ohh you had this conduction for years - just did not notice

Bye - ohh give us £250

You don't know how an excess works, you do?

But, I'd agree - £50/month for medical insurance seems cheap, even if the insured party is young/healthy. xenomorph, who is the insurer? Is cancer the only exclusion?

[GhostofTarbera]

Sounds to cheap to be any good

2 years time - I have a sore back

Yes needs fixed

Ohh you had this conduction for years - just did not notice

Bye - ohh give us £250


Sent from my iPhone using Contractor UK Forum

[jatinder]

Sounds pretty good ... certainly worth looking at as personal private medical cover can be bloody astronomical!

--Jatinder

[xenomorph]

thanks

Out of interest, who did you take out the medical insurance with and how comprehensive was it?

Thanks,
--Jatinder

Its with AXA PPP Business Select
Includes full London hospital list
no cancer cover (NHS only but they pay for medication)
no dental extra
full out patient
full mental health
full day patient
Private GP via phone or video (pay more for in person private)
250 excess
2 year fixed price

as with all policies existing conditions not covered unless symptom and treatment free for 2 years

[jatinder]

Out of interest, who did you take out the medical insurance with and how comprehensive was it?

Thanks,
--Jatinder

[Lance]

Hi all

So I have set up a Group/Business Medical Insurance via my Ltd Company.
Value is less then £50 a month so much cheaper then personal plan.
Accountant said I will need to fill in P11d but there should be no negative impact due to BIK.

They mentioned as the amount for the insurance over the year plus my salary does not go over £12,500 tax allowance that I pay no additional personal tax however my dividend allowance will be lowered by the amount for the insurance in total.
Does this seem correct for those who done this before?

Thanks

yes

[xenomorph]

Hi all

So I have set up a Group/Business Medical Insurance via my Ltd Company.
Value is less then £50 a month so much cheaper then personal plan.
Accountant said I will need to fill in P11d but there should be no negative impact due to BIK.

They mentioned as the amount for the insurance over the year plus my salary does not go over £12,500 tax allowance that I pay no additional personal tax however my dividend allowance will be lowered by the amount for the insurance in total.
Does this seem correct for those who done this before?

Thanks