Mid-corporates considering healthcare trusts to tackle IPT

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Mid-corporates considering healthcare trusts to tackle IPT

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...

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