Bupa is launching a new flexible private medical insurance (PMI) product for businesses employing more than 50 people.
Companies will be able to build their own tailored health insurance packages using benefit options previously available to larger employers.
The design means businesses and staff will not have to pay for cover they don't want or need.
BUPA Select will be available from 1 December and alongside its core product, offers: out-patient, add-on cash packages and a range of underwriting and excess options.
Companies can also choose to exclude cancer or psychiatric cover, have a rolling excess or add an annual benefit maximum to their policy, allowing them to control costs and minimise exposure to high claims.
There are also packages available to cover overseas and off-shore employees.
Fiona Harris, head of strategy and development at Bupa UK Health & Wellness said: "We know that many businesses are struggling in the current economic climate, but we also know how much they and their employees value their healthcare cover."
"Feedback from intermediaries has shown they need clarity of the benefits available and we are now able to provide a more flexible PMI product regardless of group size," she added.
