February 23, 2012

Let Payroll Services organise your companys Health Scheme

There’s no doubt that finding a Dentist on the NHS these days is hard.  Then there’s always the worry that, should illness strike, you’ll have a protracted time away from work and have to wait a long time for each appointment.  Whilst not knocking the amazing NHS, might it be better to sign up to Health and dental insurance that can be deducted from your salary before it reaches your Bank?  It’s something that Payroll Services will deal with – no trouble with at all. 

The job of Payroll Services is to remove the subscription from your salary, pre-tax, unless you specifically request otherwise or there’s a partner in your plan who needs to be covered. 

 If this is the case, your re-imbursement (or any claim made for illness and dental work) will be taxed.  If the Payroll Services company does not take the deduction out on a post-tax basis, then the money will not be taxed after any claim.

As regards Dental insurance, there are usually three levels of cover – something like “Bronze”, “Silver” and “Gold”.  The corresponding subscription costs might be £80, £160 or £220 per month.  One such plan is offered by “Oxford Colleges Voluntary Dental Health Plan” or BUPA.  There’s absolutely no need for the Payroll Services company or your employer to have access to any medical information which will be kept in confidence by the Healthcare providers.

There’s possibly never been a better time to offer employees Health or Dental care.  “Bupa Select”, helps employers choose a health cover solution to fit your business.  The policy can enrol as few as two or as many as 250 employees.  With Payroll Services efficiently dealing with the subscriptions in the background, everyone’s a winner.