WPA has reported rising interest from mid-market companies in alternatives to fully insured private medical schemes as awareness of the Insurance Premium Tax (IPT) increase takes hold.
The health insurer said such employers were moving away from fully insured schemes to solutions that would mitigate IPT. In January, the latest LaingBuisson report identified a rise in corporate healthcare trust participation. In November, Chancellor Phillip Hammond announced an increase in IPT to 12% would come into affect in June, the third rise in less than two years. Rachel Riley, commercial director, WPA said: "In the past we've paid attention to the larger groups who would have considered...
LV= has signed up to Synaptic's Multi-Benefit quoting service, enabling advisers to compare its multi-benefit and single benefit products and share the most suitable protection product with its clients.
Shepherds Friendly paid 97% of income protection claims during 2016.
The Association of Medical Insurers and Intermediaries (AMII)'s petition to scrap Insurance Premium Tax (IPT) on health insurance has been postponed due to the forthcoming 'snap' General Election.
Aetna International has launched a redesigned secure member portal, Health Hub, which offers members a one-stop-shop to manage different aspects of their health online.