Healix partners with Amba for multi-trust PMI alternative

Partnership will create multi-employer trust for clients

clock • 1 min read
Healix partners with Amba for multi-trust PMI alternative

Independent healthcare trust provider Healix has partnered with ESG employee benefits consultancy, Amba, to create a multi-trust for its clients as an alternative to private medical insurance.

This will be called Lumina Health and be exclusive to Amba clients. Using Lumina, clients will be able to pool money in one effective trust. The fund will be used to pay out employee healthcare claims, in similar fashon to group PMI schemes. Unlike large insurance premiums, any remaining money left at the end of the year will be rolled over into the next year rather than being lost in premiums. Employees will also have access to tailored benefits that are inclusive across...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Exclusive access to our fortnightly Protection insight mini-podcast.
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Underwriting