Cheap Health Insurance - Some tips for small businesses

1 Make a list of what you need in a minimum health insurance policy. One health insurance policy can never fit all your employees' health care needs. Are you just looking for basic health care coverage in case of emergencies? Are you looking to make it more flexible for different needs? Determine exactly what is important for your situation.

2 Contact some reputable firms for a guide of what is on offer, and what kind of prices are available, you can either do this on you're own, or through a third party.

3 Ask your own personal GP! Strange as it sounds some GPs work for both Private and Public sectors, and are therefore experienced at both ups and downs of both systems, allowing you to cherrypick which ones might suit your situation. Your doctor might also be in a position to recommend companies/plans.

4 Ask/research Health Insurance Plans of other companies. Try both competitors and firms from other sectors. Compare the policies of large, medium and small companies, see which parts work best for which situation.

5 Contact 2 or 3 of your preferred choices directly. Be up front, tell them your situation and ask about the policies they offer. Tell them the policy you are looking for and ask them if they have any alternatives available.

6 Consider a joint overall Health Insurance scheme with one or two of your trusted business partners. as some Health Insurance companies offer better deals depending on the number of members of the scheme, this is to the benefit of everyone involved.

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Health Insurance in the Credit Crunch

With the economic situation posing financial problems for individuals and families all around the world, it is understandable that people have to prioritise where they should allocate their household budgets. Expenses such as food and energy costs are likely to be given more precedence than medical insurance. However, it is possible to reduce the costs of your monthly health insurance premiums, keeping access to private healthcare should you need it.

Despite the reccession more than seven-million people in the UK are covered by either personal or corporate private health insurance, and a further one million though heathcare trust agreements with employees. This is actually an increase of 2.7% on cover levels in 2007.


Is it worth switching insurers?

It is well worth reviewing your current insurance policy as if you've been with the same provider for many years you may be paying over the odds as policy conditions do change. Many people are wary of switching as, in the past, you may have had to start afresh and if you developed a new medical condition then you may not be able to get the same level of cover. It is now possible to get the same or more similar terms from many providers.


Get smart with you health insurance

It is highly possible that your private health insurance cover is more comprehensive than you require. You may be able to lower your premiums by taking certain risks with your policies. Another method that many would suggest to save on your premium would be to try to voluntarily pay excess on your premiums - the higher that you can manage to pay here could reduce your monthly outlay.


In summary, its most definitely the case that the credit crunch has altered our priorities somewhat, but it is still possible to have affordable health insurance cover by becoming more discerning about our policies.

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