Corporate health insurance in London is available to set up from 1 to over 150 + members. All main health insurance providers will offer corporate health insurance on either a new business or switch basis. You can go direct to the main corporate health insurance providers or get an independent health insurance expert to source the best deals available to you and negotiate on your behalf. In most cases this service is FREE and without obligation.

If you already have corporate health insurance you can Switch to another provider on a CPME basis (Continued Personal Medical Exclusion). CPME underwriting describes the process by which insurers accept a transfer in from another company. This process is almost exclusively in the company paid market and allows client companies to transfer one insurer to another on renewal without losing cover for conditions that arose after the start of the original scheme. CPME is also known by the following terms: Switch, No worse Terms and Protected Underwriting terms.

Underwriting the policy

If you starting a new policy you can there are 2 ways to underwrite the policy. Firstly, Full medical underwriting (FMU). This is the means by which medical insurance applications are written and accepted by the insurer. The client completes a lengthy application form, which includes questions about the medical history. The insurer will review the application and exclude from cover any serious pre-existing conditions or conditions that may arise from existing conditions or symptoms. Secondly, You can apply on Moratorium underwriting. Moratorium underwriting is the style of acceptance of a medical insurance application in which the client signs a declaration to accept that medical conditions or symptoms suffered in a period of time prior to the inception date (usually five years) are excluded from cover. If the member is free of symptoms, medication and medical advice for a period after inception (usually two years) the exclusion is lifted.

Finally there is Medical History Disregarded (MHD). Policies written on an MHD basis commit the insurer to all eligible medical expenses that occur after the inception date of a policy. This type of underwriting is usually limited to groups of more than 50 members.

{ 0 comments }