Budget makes health insurance "less affordable"

Budget makes health insurance "less affordable"

Increasing the rate of Insurance Premium Tax from 6 per cent to 9.5 per cent will potentially make the provision of private medical insurance less affordable to many larger employers. Chris Horlick, Distribution Director for AXA PPP healthcare, commented:

At a time when many such employers need their people to be healthier and more engaged and productive than ever, and when pressures on the NHS are increasing. However, with over 20 years’ experience as the market leading provider of corporate healthcare trusts in the UK, AXA PPP is able to fully support employers who wish to offer comprehensive and accessible medical benefits to their people via this well established tax efficient mechanism.

In addition to being able to support employers wishing to establish their own healthcare trusts, we are also able to act as trustees on behalf of the sponsoring employer via our unique AXA PPP Master Trust.

Healthcare trusts need not be intimidating to employers or their advisers. They are relatively straightforward to establish and we welcome the opportunity to work with all employers and their advisers in this area when seeking to make medical benefit provision more sustainable in the medium term.
 

Read more

Latest News

Read More

Bold vs. blunt: The nuances of leadership communication

2 April 2025

Newsletter

Receive the latest HR news and strategic content

Please note, as per the GDPR Legislation, we need to ensure you are ‘Opted In’ to receive updates from ‘theHRDIRECTOR’. We will NEVER sell, rent, share or give away your data to third parties. We only use it to send information about our products and updates within the HR space To see our Privacy Policy – click here

Latest HR Jobs

Human Resources Manager Full time role – based in our Haringey Headquarters Join a leading social care organisation dedicated to transforming lives through exceptional home

Believe and Sons Ltd is a growing recruitment and business support firm committed to connecting great people with outstanding opportunities. As we expand, we’re looking

University of Exeter – Human ResourcesSalary: The starting salary will be from £33,482 on Grade E, depending on qualifications and experience.

A renowned industrial developer with a strong reputation for delivering high-quality projects and fostering an outstanding workplace culture is seeking a HR Director on a

Read the latest digital issue of theHRDIRECTOR for FREE

Read the latest digital issue of theHRDIRECTOR for FREE