Profit Share Private Medical Insurance

If you are a small to medium sized business keeping an eye on every penny is important but at the same time health insurance is an extrememely valuable resource for your employees and for your own productivity. However, if you get to the end of the year and find that the cost of what you have paid out in premiums is more than your employees have used it is understandable that you may be frustrated and feel that you have wasted your money.

PruHealth offers profit shares for small businesses by giving you 25% of the difference between the claims and the premiums you have paid. This is offset against the next year's premiums. In 2008 PruHealth's small group clients where able to renew their policies for only a 2% increase on the previous year. This may not sound like a good deal but actually amounts to a saving of 6% as premiums had increased from 2007 - 2008 in line with the rest of the industry.

This profit share offer means that if your claims are low you do not feel that you are wasting your money and what you pay is a fairer reflection of the claims made. It also means that you could save the time and inconvenience of shopping around for a better deal. However, the medical health insurance market is very competitive and therefore it is always worth taking a look at the best medical insurance policy for you and your employees. Using a reputable broker will save you time and provide you with the best overall cover.