National Deposit has launched a business version of its Healthcare Deposit Account, which combines private medical insurance (PMI) with cash plan benefits.
The Group Healthcare Deposit Account is targeted at businesses insuring two or more directors, partners or employees.
Each person will have a personal deposit account which builds value over time and from which they must fund 10% of any claim. If they leave the company, they can transfer to an individual plan or the deposit account can be repaid to them.
Premiums start from £40 per person per month and are fixed for life, but businesses can choose higher premiums in order to increase the annual maximum medical cover. Half the premium goes towards the cost of running the scheme and the other half goes into the personal deposit accounts.
Medical treatments covered include surgical operations, consultations, cancer treatment, heart surgery, diagnostic investigation and physiotherapy.
It also covers dental and optical treatments, such as laser eye surgery, eye tests, new glasses, bridges, crowns, dentures and fillings, and it incorporates an assistance programme.