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Private Medical Insurance: Faster access to care when your team need it

When an employee is diagnosed with something serious, the speed at which they can access diagnosis and treatment matters. NHS waiting times can be long, and for an employee facing a difficult diagnosis, uncertainty about when they can expect treatment to start adds to an already difficult situation.

My Group can introduce employers to a range of private medical insurance options, including inpatient and outpatient cover, enhanced cancer benefits and payments for NHS overnight stays, through our network of trusted partners.

What Private Medical Insurance does My Group offer?

Private medical insurance is available as a company-paid benefit or as part of a flexible benefits package.

My Group provides the employee experience and connects employees with the appropriate service. Any regulated advice is provided by an FCA-authorised company within My Group or an appropriately authorised third-party provider.

Inpatient and Day-Patient Cover

Inpatient and day-patient cover is the core of most private medical insurance policies, giving employees cover for overnight stays, day-case procedures and surgery, including ancillary costs such as accommodation and nursing fees.

Diagnostics and Referral Pathways

Designed to give employees faster access to specialist consultations, scans, tests and treatment than would typically be available through the NHS.

For an employee who is waiting for a diagnosis or referral, quicker access to the right specialist can significantly reduce the time between a concern arising and a clear path forward being in place. Employers can tailor the level of diagnostics cover depending on what their workforce needs.

Cancer Cover

Cancer cover is increasingly standard within private medical insurance, but it is worth confirming whether it is included in any policy before purchase.

The cancer element of a PMI policy typically covers diagnosis, surgery, chemotherapy and radiotherapy, as well as ongoing monitoring. Cancer cover protects people at their most vulnerable and is consistently one of the most valued aspects of a PMI package.

Hospital Lists

Private medical insurance providers typically offer different hospital lists depending on the level of cover selected. It is worth checking that the hospital list includes suitable options in the areas where your workforce is based.

Policy Limitations

It is important to speak to your adviser about any limitations of a policy, or any excesses payable by employees before treatment can begin. The size of your workforce will also influence the terms available for pre-existing and chronic conditions. My Group works with specialist partners to make sure you have all the information you need to make the right decision for your workforce.

Protection benefits involve financial and regulatory considerations that are worth understanding before making decisions. My Group works with specialist, FCA-authorised partners who can provide the guidance you need to make the right choice for your people.

As with all financial products, the tax treatment of protection benefits varies depending on the product and how it is structured. We’d always recommend taking specific advice from a qualified financial adviser or accountant on your particular situation.

Find out more about private medical insurance

We’d be happy to discuss what private medical insurance would work best for your needs and preferred budget, contact us to have a chat.

Talk to us about protecting your team

Frequently Asked Questions

Private medical insurance is a type of insurance that gives employees access to private healthcare for eligible conditions, often including consultations, diagnostic tests, treatment and hospital care. It is designed to help employees access support more quickly when they need medical treatment, while giving employers a clear way to strengthen the health and protection layer of their benefits package.

The reassurance is tangible: employees know that if something more serious happens, there is cover in place to help them access care.

Private medical insurance and a health cash plan both support employee health, but they do different jobs. Private medical insurance is designed to help employees access private diagnosis, treatment and hospital care for eligible medical conditions, often giving them a quicker route to specialist support when something more serious happens.

A health cash plan is more focused on everyday healthcare costs, reimbursing employees for things like dental treatment, optical care, physiotherapy or routine appointments up to set limits. In practice, PMI is usually about access to treatment, while a cash plan is about helping employees manage regular healthcare expenses. Many employers choose to offer both because they work well together as part of a rounded health and protection package.

Regulatory Disclosure

My Group provides the employee experience and connects employees with the appropriate service. Any regulated advice is provided by an FCA-authorised company within My Group or an appropriately authorised third-party provider.

Health and Protection benefits are arranged and administered by My Health Xtras Ltd, registered in England and Wales (11742197) and authorised and regulated by the Financial Conduct Authority (FRN 833700).

Gee 7 Wealth Management Limited is registered in England and Wales (1047306) and authorised and regulated by the Financial Conduct Authority (FRN 455935).

Details can be checked on the Financial Services Register.

Registered office: 2 Charlesworth Court, Knights Way, Battlefield Enterprise Park, Shrewsbury. SY1 3AB.