Corporate Healthcare Trusts from ProAmica give advantages in two broad areas when compared to traditional insured schemes:

Flexibility and control over the benefits provided

A Trust gives you complete freedom to set the rules. You choose the parameters for cover and you can cap your exposure to certain claims rather than being bound by standard insurance criteria.

As an employer you can offer exactly what you want in terms of Healthcare for your employees whilst securing the right treatment at the right hospital at the right price, as soon as it is needed.

Control over costs and the potential for reduced costs

A Trust gives you a high level of control over costs as well as ensuring employees are appropriately covered. You can also expect excellent quality of service and care yet, for a well run Trust scheme, the overall cost of providing employees with healthcare benefits should be lower and more stable than an insured scheme with similar benefit levels:

• A Trust only pays for the cost of medical treatment and the fees agreed with ProAmica.
• At the annual review, surplus funds and any investment growth remain in the Trust Fund.
• Employees tend have a more responsible attitude when claiming from a company Trust fund than they might from an insurer and this keeps costs down.
• Because Trusts are not insurances they do not attract Insurance Premium Tax - an immediate cost saving of 6%. Any additional insurance services, such as Trust Protect will, however, attract Insurance Premium Tax.

On average, overall savings when using a Trust can be 20% each year. Of course, the savings may be higher or lower than this depending on the size of the Trust and the cost of claims each year. But the costs under a Trust tend to become more predictable and stable as time progresses and trends emerge.

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