Increasing numbers of businesses are turning to corporate cash plan health insurance policies in order to save money, as the costs of traditional private medical insurance become too expensive for many in times of recession. Nearly one in four businesses has said that the main reason for not using traditional private health insurance policies is that the rising costs of healthcare is pushing up the cost of premiums. According to a survey by HSA, this means that more and more companies are looking at cheaper options, like cash plan private medical cover.
"It is hardly surprisi cover their duty of care and health and safety obligations," said sales and marketing director Russ Piper, when also speaking to Health Insurance and Protection Magazine.
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