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Document 4 million individuals coated by office medical insurance

Document 4 million individuals coated by office medical insurance


A document 4.4 million individuals at the moment are coated by medical insurance by means of their employer, information from the commerce physique reveals.

This represents an 8% improve from the 4 million recorded in 2021 to 4.4 million in 2022, in response to the Affiliation of British Insurers (ABI).

The entire variety of individuals coated by medical insurance – each particular person and office insurance policies – has elevated by 7% to five.8 million in 2022. That is the very best quantity seen since 2008. And payouts for medical insurance claims additionally hit a document excessive, reaching virtually £3bn total.

It additionally revealed a million claims have been remodeled the previous yr – a 15% improve from the 873,000 recorded in 2021.

The ABI mentioned these figures show that insurance coverage must be an important a part of the occupational well being dialog because the Authorities focuses on the necessity to assist individuals keep wholesome and at work.

The insurance coverage commerce physique defined that office medical insurance can present employees with speedier entry to providers and therapy which frequently forestall situations from worsening.

Additional, the entry to digital GPs and extra versatile appointment instances can assist individuals get again on their toes and again to work and each day commitments.

The info comes as its earlier analysis revealed that 9 in 10 individuals who have been absent from work on account of sickness or damage have been efficiently supported to remain of their employment utilizing providers offered by their insurer.

Over 42% of these absent have been supported again to work in underneath 4 weeks and 81% in underneath six months.

Authorities wants to chop IPT on medical insurance

Forward of the Autumn Assertion, the ABI continues to name on the Authorities to chop the speed of Insurance coverage Premium Tax (IPT) on medical insurance to permit extra employers and people to entry it because it views this “as a key path to enhancing office well being.”

Rebecca Deegan, head of well being and safety coverage, ABI, mentioned: “The worth well being and safety insurance coverage can present in conserving individuals match, nicely and in work can’t be overstated.

“These document figures converse for themselves. By overlooking its potential to spice up the well being of the nation, the Authorities is lacking a possibility to raised assist staff and preserve individuals wholesome and in employment.”



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