Investing for the future while managing your bottom line. It’s what makes you good at business. That’s why our flexible healthcare cover is designed to help you do both.
We offer two different types of healthcare plans - Business Health and Business Protect. Our Business Protect healthcare plans are great if you're looking to pay less - the main difference being that you and your employees will have access to less hospitals than you would with our Business Health healthcare plans.
As well as choosing either Business Protect or Business Health and the cover options that suit your budget, here are some other budget-friendly ways you can manage your plan.
Did you know you can combine our 3 most popular cover options
Here are some other ways you can look after your employees while still keeping an eye on your bottom line.
You can also decide how you’ll cover your employees for any conditions they might have before they join us. The underwriting you go for will affect the cost of your plan in different ways, depending on the options you’ve chosen.
We know that one size doesn’t fit all. So, with our business healthcare cover you can reward your most senior and loyal employees differently. We’ve pulled together an example plan1, based on 20 employees that provides different levels of cover depending on employees' seniority, with a total plan cost of £474.80 per month. Here's the breakdown:
Rewarded with Mental Health cover and Employee Assistance Programme (Premier). Average price per month, per employee: £3.84
Rewarded with the same options as junior employees plus, Treatment with Comprehensive Cancer cover, Therapies and Standard Outpatient cover options included. Average price per month, per employee: £35.62
Rewarded with the same options as junior and mid-level employees but with Full Outpatient cover instead of Standard Outpatient cover. Plus, Private GP, Dentist and Optician Cashback and Worldwide Travel cover are included. Average price per month, per employee: £104.41
The above example is based on 20 employees (Category 1: aged 42, 55 and 57. Category 2: aged 28, 30, 37, 41 and 52. Category 3: aged 25, 26, 30, 32, 36, 37, 42, 43, 38, 40, 40 and 50), living in Guildford, with a £100 excess and two-year underwriting on pre-existing conditions. Costs are representative as of October 2023, and prices will vary depending on location, cover options and ages.
The cost of your business health insurance will depend on a number of different factors, including the cover options you choose, the number of people and the ages of the people you are covering, the underwriting option you choose as well as your location. If you would like to find out how much business health insurance could cost you and your business, you can get a quote online or call our team on 0800 389 7413.
A number of different factors can affect the cost of your business health insurance, these include:
As a business owner, you'll want to make sure that you're looking after the health and wellbeing of your team while also looking after your bottom line. This also applies to your business health insurance. There are a number of ways that you can lower the cost of your business health insurance with AXA Health, these include:
Rising costs are currently at the forefront of everyone’s minds, including small business owners. To help ease this stress, we’ve put together a small business guide to managing costs which covers tips to help you and and your employees save money, the cost of absenteeism and the link between financial wellbeng and mental health.
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We’re proud that our Business Health plan has been rated 5 stars by independent financial information business, Defaqto.
The Defaqto 5-star rating is based on an assessment of the overall product including all options. If some of the options are not selected, this will affect the product’s star rating.
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