By choosing an excess option for each employee category, employers will qualify for a discount on their healthcare premiums.
There are 14 levels of excess that employers can choose from:
Additional discounts can be achieved by opting to pay the excess per claim, rather than per plan year.
Paying per claim can be an effective way of deterring low cost claims - which is why we offer bigger discounts on this option.
Paying per plan year means you only pay your chosen healthcare policy excess once in any plan year regardless of how many claims you make.
Below is an illustration of how the discounts vary depending on what option you choose:
| Excess amount | Excess/plan year | Excess/claim |
|---|---|---|
| £100 | 8.5% | 20% |
| £250 | 17.5% | 30% |
| £500 | 27.5% | 37.5% |
