Healthcare Trusts

Trusts are arrangements through which staff can receive healthcare benefits without their employer having to utilise insurance cover. Many companies choose insurance, but increasing numbers find that a Healthcare Trusts can be advantageous. A business that employs in excess of 150 staff should consider a trust as a possible alternative to Private Medical Insurance.

A trust is funded by the company making payments, or contributions to the trust. These funds and any earned investment returns are then used to cover medical expenses incurred by company staff and the administration costs of the company trust. Any unused funds remain in the Company Trust, under the control of the Trustees.

The day to day activities of the trust are usually administered by a specialist medical administrator, such as ProAmica.