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Corporate healthcare report: Self Funding Healthcare for Companies

Business Report

Author: Ian Youngman, independent writer on insurance and healthcare

Pages: 150

Cost: £650 (reduced from £900!)


 

Report summary: corporate healthcare report: Self Funding Healthcare for Companies

The new research report “Self Funding Healthcare for Companies” studies the growth of self-funding corporate healthcare and the use of healthcare trusts.


The government mantra is that individuals and employers must take more responsibility for health and finance. Companies want a healthy workforce, for the sake of the individuals and the business.


Traditionally, the answer has been to buy corporate private medical insurance, but medical inflation and insurer price rises make this more expensive every year. Large excesses, complex systems of encouraging a healthy workforce, and co-payments have all been tried to keep costs down, But all have serious drawbacks –employee anger at finding they have to pay a large share of each claim, employee annoyance at inability to choose hospital, or unexpected and hard to control bills.


While corporate private medical insurance has been in the doldrums for the last decade, an increasing number of companies, often quite small ones, are turning to self-funded health care by using healthcare trusts.



Scope of the report:

  • Private health and reform of NHS, sickness and welfare benefits
  • The growth of self-funding healthcare
  • The healthcare trust market and providers
  • Advantages and disadvantages of self-funding
  • The effect of new age and gender insurance legislation


“Self Funding Healthcare for Companies” offers a comprehensive independent analysis of the healthcare trust market and alternatives.



Highlights:

  • Over a million people are covered by healthcare trusts
  • Many insurers are offering them to balance the loss of corporate PMI business


  

Key areas covered

  • What a healthcare trust is
  • Why healthcare trust schemes are not private medical insurance
  • What healthcare trusts can cover that may not be available on PMI
  • The use of stop loss insurance
  • Who a healthcare trust is for
  • Who a healthcare trust is not for
  • Corporate PMI versus healthcare trusts
  • The size of the healthcare trust market
  • Corporate profiles of providers of healthcare trusts
  • What healthcare trust schemes can cover that health insurance cannot
  • Potential problems with healthcare trust schemes
  • The potential
  • Conclusions
  • Case studies


 

Reasons to buy:

  • Why companies may consider healthcare trusts and self-funding?
  • Which providers are at the forefront of innovation in the healthcare trust market?
  • What factors limit the growth of this sector? 


 

Report contents

  • Strategic overview
  • Health insurance in the UK
  • The need
  • The private health market
  • How private healthcare works
  • NHS reform
  • The private health market view on NHS reform
  • NHS and private patients
  • Welfare reform
  • Sickness absence reform
  • The OFT review of the private healthcare market
  • The OFT review of the dental market
  • The gender ruling
  • The new age laws
  • The health insurance market
  • Insurance market size
  • PMI costs for employers
  • Popularity of health insurance benefits
  • Employers will need to offer more employee benefits
  • Even the low paid will pay for private healthcare
  • Profiles of leading providers in mainstream health insurance
  • Competing traditional products
  • Health savings accounts
  • What a healthcare trust is
  • Why healthcare trust schemes are not private medical insurance insurance
  • What healthcare trusts can cover that may not be available on PMI
  • Stop loss insurance
  • Who a healthcare trust is for
  • Who a healthcare trust is not for
  • Corporate PMI versus healthcare trusts
  • The size of the healthcare trust market
  • Corporate profiles of providers of healthcare trusts
  • What healthcare trust schemes can cover that health insurance cannot
  • Potential problems with healthcare trust schemes
  • The potential
  • Conclusions
  • Case studies  

 

 

Companies Mentioned

  • Aetna
  • Allianz
  • Avantis Health
  • Aviva Health
  • AXA PPP healthcare
  • Benenden Healthcare
  • Bupa
  • CIGNA
  • CS Healthcare
  • DKV
  • EngageMutual
  • Exeter
  • General and Medical Healthcare
  • Healix
  • Health Shield
  • Medical Care Direct
  • New Vision Healthcare
  • PruHealth
  • Simplyhealth
  • WPA
  • Westfield
  • Zurich 


   

About the author

Ian Youngman is a writer and researcher specialising in insurance and health. He writes regularly for a variety of magazines, newsletters, and on-line services. He also publishes a range of insurance reports and undertakes research for companies. An ACII, with an honours degree in economics from the University of Liverpool, Ian was a co-founder of The General Insurance Market Research Association. He also has widespread experience within the insurance industry at management level, working for brokers, a bank, and an insurance company.