How many employees do we need for medical history disregarded company health insurance?

We are considering setting up a business health insurance scheme for our employees and want to know they are covered for any treatment they may require. To ensure our employees can obtain cover for existing medical conditions I wanted to know how large the scheme needs to be before you can apply for medical history disregarded cover?

Question asked by Andrew Ridley
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Number of Employees

Answered by Tom Conner

It is usually possible to set -up a group / business health insurance scheme on a medical history disregarded (MHD) basis with 20 or more employees, although this will vary from insurer to insurer.

It is worth noting that the premiums charged by the insurers would be around 20-25% more for a for an MHD scheme relative to a scheme underwritten on a moratorium basis. This is because an MHD scheme carries more risk and a higher claims ratio given that pre-existing conditions would be covered.

group health insurance
 
employee benefits
 
business health insurance
 
This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
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