Healthcare and Employee Benefit Trusts
Making sure members get the right benefits at the right time and in accordance with the rules of the trust is central to all aspects of our independent and professional approach to trusteeship.
Our Professional Healthcare Trustee Service
Whether you are looking to put in place or review your existing healthcare or employee benefit trust our professional trustees can add value and ensure independent governance of your scheme which facilitates fairness and equity. This enables an employer to adopt a consistent approach to claims management . Helping to distance the HR function from potentially conflict and possible difficult situations
We are seeing an increasing number of employers putting in place their own healthcare trusts for a variety of reasons:
- The employer saves money by using a corporate healthcare trust instead of providing a conventional insurance scheme because they do not have to fund the insurers profit margin.
- In effect the employer is self-insuring thereby having control over the benefit structure
- There are significant tax advantages in being able to avoid paying Insurance Premium Tax –currently 12%. Creating considerable employer savings
As a professional trustee we will provide advice to the employer on market developments, suggest plan amendments and assist in providing timely, accurate and meaningful communications to members’ thereby underpinning the employee value proposition