Answered by Tom Conner
Thanks for your question. Unfortunately we are not tax advisers and cannot therefore provide any advice on this. It’s worth asking you accountant who should be able to help further.
The one point I would make is that company paid medical and travel insurance policies usually form a P11D benefit (i.e. a benefit in kind) because the company is paying for this benefit on your behalf rather than you paying for it from your after tax income.
If the premium wasn’t added to your income for tax purposes and you needed to claim it is possible that the HMRC would ask for tax to be paid on the claim amount, which could be huge!
Sorry we are not able to be of more help.
Frequently Asked Private Medical Insurance Questions
Excellent service renewing our medical insurance, professional advice, good rates found and excellent professional after service, highly recommended.
Nadeem was brilliant. He was very patient and worked very well with me to come up with the best solution possible for my budget. Perfect solution. Thank you very much.
Dealt with me promptly and provided me with the most cost-effective option consistent with my requirements. Very pleased and thank you.