A fresh approach to healthcare
Precision Corporate Healthcare offers health insurance benefits, cash benefits and dental benefits all in the one Scheme. Traditionally these were separate products - combining them into one provides a tailored and flexible healthcare package.
An extensive range of benefits enables you to create a healthcare Scheme that's tailored to your company's budget and your business requirements.
Whether designing your Scheme from scratch, or transferring from another insurer, we aim to be able to match your objectives and requirements as closely as possible so you have precisely what you want and need.
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Helping you to build your cover
Precision Corporate Healthcare allows single or multiple categories of cover and we will work with you to create a group scheme that fits your company's needs.
1. Choose your 'base' cover
Health insurance, cash benefits or a mixture of the two. Health insurance offers peace of mind in the event of an illness or injury. Cash Plans offer a lower cost option that complement the NHS by providing cashback towards everyday healthcare costs.
2. Add Optional Extras
For example, mental health treatment, out-patient benefits and Cash Plan benefits can be added to health insurance; health screening, GP charges and NHS car parking can be added to a Cash Plan or health insurance.
3. Add Health & Wellbeing
An Employee Assistance Programme (EAP) can be added, together with a Structured Counselling option if required. Additionally, there is a LifeStage Health option with a range of benefits that provide support at each of life's natural stages.
4. Manage your premium
Manage your premium with the various options available such as Shared Responsibility (co-payment), Excess and Group Deductible.
A Remote GP Services benefit
Employees within the Scheme may have access to a remote GP. They can use this service as often as they want, and speak to a GP for as long as they need. Even better, the service extends to immediate family members who live with them - and it's available 24/7.
Value with a Group Deductible
WPA's Group Deductible is an intelligent way to fund your company's health insurance Scheme. It will reduce your costs but not your benefits with no additional risk. Deductibles are widely used in many types of insurance and we are proud to pioneer our Group Deductible in the company paid health insurance market.
With the Group Deductible option, your payment is split into two parts:
- 30% covers the first 30% of claims received (“the deductible”).
- 70% pays for the insurance premium.
By choosing to pay your premium in this way, you reduce the overall cost to your company. This guaranteed saving enables you to use your money more efficiently. What's more, in the event that claims are less than the 30% deductible, you get the difference back as a rebate.
Market-leading management information
Until now, it's been difficult to understand how often staff use their healthcare benefits. Health insurers haven't always been willing to share data, making it difficult for companies to understand the value of their benefits. Precision Analytics changes this - it has revolutionised the way in which collectively, we are able to interrogate and view your Scheme data.
You can now benefit from a level of transparency and clarity unheard of in the insurance industry.
Available via your WPA Relationship Manager, Precision Analytics gives you insight into how your Scheme is being used, what is driving premium increases and, ultimately, allows you to model your Scheme to best fit your business needs.
Benefits for you and the employee
Employer Benefits Employee Benefits
Reduce staff absenteeism due to ill-health.
Improve productivity with employees getting quicker access to private medical treatments.
Combine health insurance, cash plan and dental benefits into one tailored flexible healthcare scheme.
Improve staff wellbeing for a healthier workforce.
Flexibility of scheme design with the ability to mix and match benefits.
Fund the health cover using a Group Deductible (corporate excess) to reduce premiums.
Health & Wellbeing
Our website has a Health and Wellbeing hub that provides access to a variety of useful and valuable information. Designed to offer support and guidance it's accessible to anybody who visits our site. There are many videos and a range of supporting documentation covering a wealth of different topics.
Health & Wellbeing hubFrequently asked questions
Here's a selection of questions and answers that we've already helped our customers with
Employer FAQs
How much on-going administration is there once the Company Scheme is set up?
What happens if one of our Company Scheme members wants to make a claim?
Can we mix and match cover between Company Scheme members?
Employee FAQs
How do I make a claim?
Will my employer be told when I make a claim?
What hospitals can I use?
What isn't covered?
As with all health insurance there are certain things that are not covered. For a full list of what isn't covered, please refer to the 'A Guide to Your Group Scheme', available on request.
Key exclusions include:
- Any long-term illnesses that lead to long-term monitoring and management (chronic conditions) unless the Long Term Conditions benefit is included.
- Dental problems (unless Dental Care is included). Where this is included, benefit will not be provided for wisdom teeth unless the treatment is performed in general dental surgery (not hospital). If Oral Surgery option is selected there is cover in hospitals.
- Fertility problems, pregnancy and childbirth (except the limited cash benefit for childbirth under the New Baby benefit if included and limited cash benefit for fertility, pregnancy, coil insertion and hormone implant under LifeStage Health if this Option has been included).
- Neonatal treatment.
- HIV/AIDS.
The Supplementary Benefit option provides cash benefit for use towards excluded conditions e.g. pre-existing conditions, menopause, pregnancy, allergies or long-term conditions. We will pay for consultations and tests, scans and therapies under this benefit.
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What next?
Contact us
If you'd rather talk to someone about our Company Schemes, please give our UK team a call on 01823 625247.