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Trouble with Rising PMI Costs
The ability to offer private medical insurance (PMI) to employees
is a major factor in both the recruitment and retention of staff.
It also forms a vital part in managing sickness absence, so it’s clear
why, despite increasing costs, PMI remains key to companies as well
as being a sought after benefit by employees.
With medical inflation rising at approximately 10% annually, as well
as the recent increase in Insurance Premium Tax (IPT), businesses are
finding it more difficult to manage their claims expenditure, and in
turn the premiums payable.
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Related DocumentsTrouble with Rising PMI Costs (502.70 KB, .pdf)