Menu
iPMI Magazine Is Proudly Sponsored By:
For a healthier journey.

iPMI Magazine Has Moved

iPMI Magazine successfully rebranded to iPMI Global in 2023 and has moved to a new home on the internet. To visit the brand new international private medical insurance business intelligence platform, please go to www.ipmiglobal.com

Employers Urged To Act Now In Light Of Insurance Premium Tax Increase

Following the announcement in the Chancellor‘s 2015 budget on Wednesday that Insurance Premium Tax (IPT) will increase from 6% to 9.5%, Jelf Employee Benefits advises there are actions that employers can take to mitigate its impact, and advises them to act now.

The company has laid out four key areas for employers to consider:

  1. Employers considering providing Private Medical Insurance (PMI) as a new employee benefit would be wise to do so before November 2015. This increase in tax cannot be avoided but taking action now will delay the impact for another year.
  2. Employers considering expanding an existing PMI scheme would be sensible to do so immediately and definitely before November 2015. Insurance providers will still be trying to establish what impact the new 9.5% charge will have on premiums paid after November.
  3. If employers currently provide PMI for a large number of people where the scheme is influenced by their own claims experience then they may do well to consider setting up a Healthcare Trust. Among other benefits, Healthcare Trusts do not attract IPT.
  4. Another innovative way to reduce Insurance Premium Tax is via a corporate level deductible (or excess) that is equivalent to all or most of the claims fund.

Matthew Judge, technical director at Jelf Employee Benefits said, “The message we want to convey is that it is important to act now. There are a number of options available for employers to reduce the IPT burden; some of them may sound complicated – because it might be a different way of working – but they’re not, and, of course, we’re here to help.”

When Insurance Premium Tax was first introduced it was set at a flat rate of 2.5% but it was increased on general insurance products to 4% in 1997, to 5% in 1999 and 6% from January 2011. Jelf Employee Benefits advises that the recent budget announcement that IPT in the UK will rise by 58% from 6% to 9.5% will require some serious thought, particularly in the provision of medical insurance benefits. The current level of IPT in the UK has remained relatively low at 6% when compared to mainland Europe where average IPT levels have been around 10%, although taxation on healthcare insurance policies in some countries is treated differently. Jelf is urging employers to talk to healthcare specialists as soon as possible.

Read more...

You Are Global

You Are Global Overseas Health Insurance

 

You Are Global is a leading international health, expat, life and travel insurance broker and intermediary, based in Brazil. You Are Global works with leading private medical insurance providers and companies like IMG, Cigna, HCC, Now Health International and Allianz Worldwide Care. You Are Global caters specifically for expatriates, travelers and tourists, working, living and visiting Brazil. You Are Global has specific expertise working with Spanish speaking cultures around the world whilst also proving international health, medical, travel, expat and life insurance plan to the out bound travel market in Brazil.

Read more...

You Are Global

You Are Global Overseas Health Insurance

You Are Global is a leading international health, expat, life and travel insurance broker and intermediary, based in Brazil. You Are Global works with leading private medical insurance providers and companies like IMG, Cigna, HCC, Now Health International and Allianz Worldwide Care. You Are Global caters specifically for expatriates, travelers and tourists, working, living and visiting Brazil. You Are Global has specific expertise working with Spanish speaking cultures around the world whilst also proving international health, medical, travel, expat and life insurance plan to the out bound travel market in Brazil.

How can we help?

If you are an international citizen and need a medical coverage which knows no boundaries, you are in the right place. We understand the world has evolved and business and study programs are not limited to the place we live. And this also happens to international travel opportunities: nowadays, travel abroad is easy due to globalization. In the other hand, we know that having a comprehensive, continuous and worldwide medical coverage is mandatory to an international citizen. Therefore, from now on you can access all solutions ValenteRocha provides throughout “You are global – SeguroSaúdeemViagens” program.

You can have a global support, with online assistance, quoting and contracting your international medical coverage with adjustable options as you have never seen. Now you have access to the most comprehensive medical coverage plan available in the American Health Insurance Style. *You are Global – Seguro Saúde em Viagem”isValenteRochaproperty for international medical coverage plans.

Safe On-line Shopping

The whole process of your international medical coverage shopping can be on-line, throughout the internet. In this channel, you can have the quotation you need, revise the offered coverages, fulfill your personal data and send, directly to the enterprise, your international medical coverage request. We know that, due to the nature of our solutions, some personal information is confidential. Then, the entire information submitting process is confidential and all personal information is sent directly to underwriting department which is under a severe clause of confidentiality regarding our clients` information. All this provides you peace of mind. All the shopping system is secured by a safe site and digital certificate, which ensures the online shopping. In other words, we are ready for you to have what is the top of the best medical coverage available, aligned with an customer service and underwriting processes with are modern, safe and dynamic.

Company: You Are Global

Address: R.Lima Barreto, 442, Curitba, Brazil

Phone: +55 41 3527 2680

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Web: www.youareglobal.com

 

Read more...
Subscribe to this RSS feed

Expatriate Health Insurance

Compare Expatriate Health and Medical Insurance Plans, Coverage, Quotes and Companies, with iPMI Magazine. iPMIM represents leading providers of expat medical, health and travel insurance plans. Find the right and most appropriate Expatriate Health Insurance for overseas travel, global mobility and relocation