Enterprise Flexible Benefits - Shared Responsibility
An added feature available on your Private Medical Insurance is Shared Responsibility. This is an innovative cost-sharing option offered with five 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 healthcare 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 | |
| £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 |
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