From 1 March PruHealth has launched a new range of personal, business and corporate plans to take over from previous PruHealth and Standard Life Healthcare products. This review focuses on the new age-rated Business Healthcare proposition.
The plan is built around Core Cover. This provides:
Full cover for inpatient and day-patient hospital fees, specialist fees and diagnostic tests
Outpatient MRI, CT and PET scans
Core cancer cover
Added benefits: home nursing; NHS hospital cash benefit; childbirth cash benefit; parent accommodation, and private ambulance
Customers can then choose:
From four underwriting types
An excess level (five options, from £0 to £1,000) and whether per claim, per year or Vitality-linked
Whether to use a Premier, London, Countrywide or Local hospital list
To enhance outpatient cover (six financial limit options up to full refund); outpatient diagnostics (up to full cover); therapies benefit £350 a year or full refund); psychiatric cover (£15,000 or £29,000 a year, including a £1,500 outpatient limit); private GP helpline; personal health fund (health cash plan style benefits – optical; dental; health screens; physiotherapy; chronic prescriptions or enhanced gym discounts); employee assistance programme; emergency overseas cover; dental cover, and worldwide travel cover
As with other PruHealth plans, a linked Vitality programme is designed to reward healthy lifestyles through earning points (which reduces future premiums on Personal plans or gives discounts from reward partners on Business and Corporate plans). Discounts are available on a range of spending e.g. health screens, gym membership, holidays and stop smoking sessions. Members also earn Vitality points through healthy eating at Sainsbury’s and have access to a range of health-related information and advice too.
What They Say
CEO Neville Kooperwitz said: “This is a very exciting time for PruHealth. We strive to be the best health insurer in the UK and our new range of plans are a major part of achieving that goal. We have worked with and listened to our customers and intermediaries to ensure the new product meets their health and wellness needs and is supported by award-winning customer care and full transparency.”
What We Say
This is a pretty comprehensive proposition that gives employers significant levels of choice to match their needs and budgets. Allowing members to add a Personal Health Fund (giving cash plan-style benefits) will also be valuable. Traditionally, PMI only benefits one in four employees a year (those who claim) whereas PruHealth’s approach can see every employee benefiting every year.
PMI can be a complex buying process, and it makes sense to shop around to secure best benefits. But, if you like the PruHealth approach – it is unique.