PMI provider HealthSure is offering a new health screening policy aimed at helping the corporate market cut the £13bn lost each year in health-related absences from work.
Futures covers the full cost of one health screen per employee every 24 months as well as associated costs such as GP or specialist consultation fees.
The provider says the product is a cost-effective way for companies to reduce time off for health reasons. It estimates that only 14 per cent of UK companies offer the benefit of a health screen to its employees and says this is a valuable market.
The policy was developed after research by HealthSure showed 60 per cent of employees would welcome a health screen.
There are two levels of cover, costing £7 or £22 a month and employers can cater to employees at different levels.
The basic premium covers individuals for a typical health screen up £150 while the more expensive cover allows for a more comprehensive screening up to £450 each year Marketing communications manager Raman Sankaran says: “In today's increasingly competitive business environment, healthcare cash plans are one of the fastest-growing employee benefits.
“With mutual benefits for employer and employee, they provide tangible value for any business helping to reduce absenteeism and improve recruitment and retention of staff.”