Group private medical insurance

Provide us with your details and one of our insurance experts will contact you to discuss your requirements

Success

Thanks for registering.

We'll get back to you straight away

Mike maur
It's been a pleasure dealing with Elizabeth, Def a Gem for her business. Amazing communicator and process dealing with all the paperwork was made easy and stress free. Keep it up !
Nov 28, 2024
Nasir Abbas Kazmi
I applied vehicle Finance through Swoop & lady Ikra help me from Beginning to end,she s very professional & helpful. Its just took 3 to 4 days & now i got new vehicle. I received Best customer services from Ikra & High recommend for this Swoop Finance.
Nov 26, 2024
Hazel Cuizon
Ayesha was very prompt and friendly to deal with and answered all my questions in a timely and professional manner. Very happy, highly recommend 🙂
Nov 24, 2024
Andrew Frazer
Cynthi was a fantastic help in organising what was needing and obtaining finance
Nov 8, 2024
Chris Skeates
Predrag and the Swoop team have been outstanding. Very attentive to our needs and staying on top of our funding request with their partners.
Oct 24, 2024
Leo Tsuo
Great experience. They quickly understood my needs and was fast to find a lender that met those needs. Highly recommend
Oct 22, 2024
Kash De Silva
I had a fantastic experience working with Elizabeth Tan for my business lending needs. She provided exceptional support and guidance, helping me navigate the process with ease. Her expertise and dedication were instrumental in taking my business to the next stage. I highly recommend her to anyone looking for lending assistance!
Oct 15, 2024
Shannon T
Cynthia has gone above and beyond, explained the process, consequences, and found me the most suitable solutions for my business in a very busy time! I found the help (even before I was guaranteed to use them) invaluable and the help made all the difference!
Oct 9, 2024
Jon Marc
Swoop came in at just the right time and there help was very much what took me over the hump to expand. They really know how to help and they follow up and make sure you’ve been taken care of!
Oct 8, 2024
Tendekai Mutemeri
Would recommend anyone to use my lovely lady, she went above and beyond to get me my business finance, the response when I had a question about anything and everything was on point, got me the deal I could have asked for, please use her services 🙂 😊 😀
Sep 6, 2024
North-CM
Ikrah was really phenomenal in providing finance for our company. Her communication was absolutely brilliant. Ikrah surpassed our expectation and really went above and beyond in ensuring all our needs were met as a business and we were satisfied on a whole. Absolutely pleasure to deal with Ikrah I shall ensure to pass your details on with other business associates. By far the best service I have ever been provided with…. 10/10
Sep 6, 2024
Aldo
Absolutely wonderful service. Cynthia was proactive, professional and 100% committed to get the best result for my company. I have not seen this performance in other companies in the last years and I am very difficult guy to deal with. Keep doing what you are doing Cynthia great job. Thank you.
Aug 29, 2024
Andy De Silva
Very helpful team I was kept in the loop throughout the whole process very happy with the APR rate quoted & received for my business loan I would certainly recommend using Swoop & will use again for future business development loans if required.
Aug 16, 2024
Consumer
Cynthia was fantastic! So quick and efficient at sorting out our finance and getting the best rate possible! Highly recommend.
Aug 12, 2024
Uchenna
Dave Cummings was amazing with helping my business secure funding for a company car. He was very patient and pleasant to work with. I highly recommend Swoop Finance for your business.
Aug 1, 2024
Brian Hardy
Working with Swoop made things easy, he provided us with two solutions to have available to support our growth and they work well. Having connections across North America (even Mexico) and beyond, definitely recommended.
Jul 31, 2024
Michael Fisher
Extremely quick quality service, Adrian was first class in answering any queries I had regarding the finance he had arranged for us. The whole process was pretty painless. Would most definitely recommend Adrian and Swoop
Jul 31, 2024
ACU
Fareeha's turnaround time in getting back with me after my initial call with her was very expedited and an overall great experience. Her overall efficiency, precision, and customer service is impeccable. I am thankful that she took my initial call (by way of Evelyn - Another 5 Star Swoop Employee). It has been a peaceful & solution-oriented experience thus far!
Jul 26, 2024
ACU
Evelyn was very informative and helpful in my first time contacting Swoop. She was very transparent and honest in her interactions and responses. Very on point employee in your company!
Jul 24, 2024
DriveNet, Ltd
I worked with Pedja at Swood to secure a term loan with BDC. What Pedja did that I could not was find the right contact at BDC to speak to. I had actually spoken to BDC before speaking to Swoop and they passed on partnering with us. Sometimes with financing it is who you speak to and Pedja introduced us to his BDC contact who was able to help us secure funding. It was as simple as an introduction but it made all the difference.
Jul 23, 2024
    Add a header to begin generating the table of contents

    Page written by Chris Godfrey. Last reviewed on September 24, 2024. Next review due October 1, 2025.

    With the healthcare system under growing pressure and waiting lists for treatments at an all-time high, many people in the US are considering private medical insurance. However, buying this protection as an individual can be expensive and certain medical conditions may be excluded. Instead, group private medical insurance is an affordable benefit that employers can offer to their employees, covering everyone in the organisation with a blanket policy that can help staff get medical care faster than waiting. This can speed their recovery and return them to work sooner, reducing any impact on the business. 

    Additionally, when provided free to employees, private medical cover is a proven motivator, helping to boost staff morale, retain top workers and support recruitment strategies. 

      Add a header to begin generating the table of contents

      What is group private medical insurance (PMI)?

      Group private medical insurance is an employee benefit provided by businesses to their workers and is currently the top-rated employee perk in the US. Often more simply known as Private Medical Insurance (PMI), group private medical insurance covers all the employees within an organisation – typically free of charge, with the business paying the premiums, but sometimes at a discounted cost to staff. Employees may also be able to enrol a spouse or partner in the plan at extra personal cost.

      PMI usually means your employees will receive medical attention faster for eligible conditions. This can help them to get back on their feet sooner and reduce days lost to sickness. Additionally, when offered as part of a remuneration package, PMI can provide a powerful talent attraction and retention tool – reducing your recruitment costs and lowering workforce attrition. 

      Why should you buy group private medical insurance for your employees?

      • Affordable and tax-deductible benefit to the employer (employees who select the cover will pay personal income tax on the benefit)
      • Can reduce days lost to sickness and get your workers back to work faster
      • Boosts company morale – PMI is the US’ most desired employee benefit
      • Supports your duty of care
      • Supports a strong employer value proposition (EVP), helping to attract new talent and keep the employees you already have
      • Can reduce recruitment costs and the loss of valuable worker experience

      What does group private medical insurance cover?

      Group private medical insurance is meant to supplement, not fully replace the medical care. Some medical conditions will not be covered by PMI.

      PMI can cover a range of costs, including physical and mental health treatments, dental care, optical appointments, physiotherapy, cancer treatment and more. Ultimately, employers choose the level of protection they want to provide for their workers, but cover is split into two main categories:

      With outpatient cover

      • Covers the costs of healthcare where a patient doesn’t need a hospital bed, for example diagnostic tests and scans
      • Also covers costs where a patient needs a hospital bed overnight, for example post-surgery, plus day-patient treatment, where a patient needs a bed just for the day

      Without outpatient cover

      • Only covers costs where a patient needs a hospital bed overnight and where a patient needs a bed just for the day

      Within the limits of these main categories, plans will typically cover:

      • Acute conditions – short-term illnesses or injuries that respond quickly to treatment which leads to a full recovery
      • Hospital charges and specialist fees – such as radiographers, surgeons and consultants
      • Treatment for exoskeletal conditions – back, neck, muscle disorders
      • Cancer cover – including chemotherapy, radiotherapy 
      • Diagnostic services – such as x-rays, MRI, ECGs, CT-scans and more

      Digital GP services

      Many group private medical insurance plans offer a digital GP service. This provides phone or video GP appointments (usually 24/7) at short notice. This service means employees do not need to wait for an appointment, they can discuss their medical conditions with a doctor outside of usual office hours, resulting in fewer days off work, or employees having to use unpaid leave to see their doctor.

      What is not included with this cover?

      Exact cover will be determined by the policy you select, but standard PMI exclusions include:

      • Chronic conditions – this means long-term or incurable diseases such as diabetes, asthma or epilepsy. Cancer is not considered a chronic illness with most PMI policies
      • Cosmetic procedures – plans will usually only cover cosmetic procedures that are deemed essential and immediately follow an accident or cancer treatment
      • Addictions or substance abuse – this includes alcohol, drugs or substance addictions or misuse, and the treatment of any illnesses they may cause
      • Pregnancy and childbirth – although some related conditions may be covered
      • Emergency care – such as triage following an accident
      • Kidney dialysis – this is considered a chronic condition
      • HIV/AIDS – also deemed as chronic conditions
      • Fertility treatment/IVF – relates to pregnancy and childbirth

      What happens if a covered employee leaves?

      Unless it has been specifically stipulated in their employment contract and agreed with the insurer, cover will usually end when an insured employee leaves your organisation. Businesses can adjust the number of employees they cover and the level of protection provided at the standard policy renewal point – typically every 12 months.

      How much does PMI cost?

      Just as no businesses are the same, so no group private medical insurance policies are the same. The premium you pay will be determined by a number of factors unique to your organisation, including the type of business you run, the number of insured employees, the age of each insured employee, your location and the level of cover you choose to buy. 

      Because every organisation will need a policy that’s customised to fit their operation it makes sense to compare different offerings from different insurers before making any purchase. You can start the process here.

      How Swoop can help

      Keeping your workforce healthy and happy is key to business success. Don’t let illnesses or injuries cause hardship to your employees or impact your operation’s productivity. Contact Swoop today to compare top-quality group private medical insurance policies from a range of insurers and to discuss all your business insurance needs. 

      Written by

      Chris Godfrey

      Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Wells Fargo Bank, Visa, Experian, Ebay, Flywire, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of US consumer and business finance.

      Swoop promise

      At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple – to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.

      Find out more about Swoop’s editorial principles by reading our editorial policy.

      Get in touch today to start your group PMI quote

      Ready to grow your business?
      View more Get a quote

      Clever finance tips and the latest news

      delivered to your inbox, every week

      Join the 70,000+ businesses just like yours getting the Swoop newsletter.

      Free. No spam. Opt out whenever you like.

      Looks like you're in . Go to our site to find relevant products for your country. Go to Swoop