Private medical insurance for small businesses : Medical savings plans

Get a quote

You can either "Get a Quote" direct from the health insurance provider or let us submit "Your Enquiry" to up to 3 providers of health insurance in the UK on your behalf.

Read the guide

Read our Guide to Private Medical Insurance. It can help you decide what private medical health insurance for small businesses and the self employed you need, show you how to keep costs down and provides reviews of current products.

Where do medical savings plans fit in?

On a conventional Private Medical Insurance you may pay premiums for several years and if you do not make a claim you get nothing back. If you self fund then you have no guarantee that funds will be available when you need private treatment.

The approach

Medical savings plans are a form of private medical insurance that have been developed in the USA and are now being introduced here. When these are purely savings plans they are a financial tool which this site does not cover. However, a new breed of part savings plans, part private medical insurance is developing. These allow individuals to build up their own health fund for paying medical bills. They also have insurance to limit how much the business pays.

These products are not really suitable for small businesses