Group Protection and Healthcare

Group Protection (also known as Group Risk) policies are designed to provide financial support in the event of serious illness and loss of life for employees and their loved ones:

• Group Life Insurance: is often referred to as Death in Service benefit and provides a lump sum to the loved ones of an employee in the event of death. Although it is a common employee benefit, Group Life Insurance schemes must be carefully managed owing to potential tax implications, particularly for high earners, and the need to ensure trust documentation is correct and up to date. Creative advises on all forms of Group Life Insurance, including Registered Group Life Schemes, Excepted Group Life Schemes and Relevant Life Schemes.
• Group Critical Illness Insurance: provides a lump sum to an employee on the diagnosis of a specified serious illness. It can be used to help employees pay for medical care, specialist treatment and other needs that arise from being seriously ill. Creative can advise, arrange and manage such Group Critical Illness cover policies.
• Group Income Protection Insurance: is often referred as Sick Pay and provides a replacement income to employees when they are seriously ill and are unable to work for an extended period. Creative can advise, arrange and manage such income protection policies and help you ensure medical issues don’t lead to long-term insurance claims by designing and managing your employee healthcare arrangements.

Company Healthcare policies offer employers of all sizes effective means to help employees when a medical need arises. In doing so, more serious medical issues can be prevented, reducing absenteeism and expensive, long-term insurance claims:

• Private Medical Healthcare: is often referred to as Company Healthcare, providing employees with access to private medical treatment for acute conditions. This can mean avoiding lengthy NHS waiting lists, greater choice of location for any treatment, and quality care designed to help employees get back to their best as soon as possible. Whatever the size of your organisation, Creative can design a Company Healthcare scheme and access a wide range of providers to give you a quality, sustainable scheme.
• Health Cash Plans: provide a range of healthcare benefits that can be used toward health-related needs like dental, physiotherapy, optometry and even complementary health therapies like sports massages. Creative can access Health Cash Plan providers and help you find the most suitable provider and cover for your workforce, helping them proactively manage and improve their personal wellbeing.
• Hospital Cash Plans: provide a financial contribution towards any hospital stays and associated expenses in the event of accident or illness. Creative can access Hospital Cash Plan providers and help you find the most suitable provider to cover your workforce, giving them financial support when they really need it.
  Dental Cover: provide a range of benefits that can be used toward ongoing dental care and emergency work. Creative can access Dental Insurance providers and help you find the most suitable provider and cover for your workforce.
• Employee Assistance Programmes (EAPs): offer employees access to confidential counselling and support – often by telephone but also face-to-face and in the workplace. Employee Assistance Programmes can help employees who may be suffering with mental illness, such as stress and bereavement. Such services are often provided as an added benefit to certain Group Risk insurance schemes but can also be supplied by specialist providers. Creative can work with you to ensure you are making the most out of any existing ‘bundled’ EAP and source an effective provider.