Enterprise Flexible Benefits - Shared Responsibility
An added feature available on your Business Health Insurance is Shared Responsibility. This is an innovative cost-sharing option offered with six different levels. It reduces your premium without reducing your cover. You can add Shared Responsibility to any number of employees´ options and at any of the five levels offered - giving you even greater control over your company´s health insurance package.
How it works...
| Step 1 |
You choose a personal annual limit for each employee |
| Step 2 |
WPA pay 75% of all eligible claims up to the personal annual limit |
| Step 3 |
Your employee pays the remaining 25% |
| Step 4 |
Once your employee´s contributions accumulate to their personal annual limit, WPA will pay 100% of all eligible claims up until the next annual renewal date. |
At renewal you can increase the Shared Responsibility limit, however you can only reduce the Shared Responsibility level one step at a time, eg from £3,000 to £1,000 or £1,000 to £500 at renewal.
The levels available...
| None |
No discount is available |
| £150 |
You will receive a 5% discount on your premium |
| £250 |
You will receive a 10% discount on your premium |
| £500 |
You will receive a 20% discount on your premium |
| £1,000 |
You will receive a 30% discount on your premium |
| £3,000 |
You will receive a 40% discount on your premium |
| £5,000 |
You will receive a 50% discount on your premium |
Our comprehensive business health insurance FAQ provides answers to many common questions.