Product category:
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News Release from: BUPA | Subject: Health insurance
Edited by the Insidemoneytalk Editorial
Team on 12 May 2008
BUPA calls on government to help
companies keep Britain healthy
Bupa, the leading health and care company, today called on the UK Government to remove tax penalties on health at work services.
Fergus Kee, managing director of Bupa UK Health Insurance, said: "Nine out of ten employers tell us they want more support from the Government to invest in health at work and over half would invest more if there were incentives to do so "In her recent Review of the Health of the Working Population, Dame Carol Black, the UK's national director for health and work, highlighted the need for companies to do more to support the health and wellbeing of their staff
This article was originally published on Insidemoneytalk on 6 Mar 2007 at 8.00am (UK)
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However, when an employer provides treatment for a member of staff to return to work early following a non-work injury, there is a double tax hit.
The employee incurs income tax on the benefit and the employer has to pay National Insurance contributions.
If that treatment is funded through health insurance, there is a further Insurance Premium Tax charge.
So both the company and the receiver of healthcare are penalised.
"We work with 80 percent of FTSE 100 companies and thousands of smaller businesses across the country.
The current tax treatment of workplace health provision is an obstacle and a strong disincentive.
If removed, it would allow more companies to play their part in keeping Britain healthy.
"Investing in workplace health offers a triple win: better health for the individual, better productivity for the employer and increased profitability for UK plc." Fergus Kee was speaking at the 2008 Annual Private Healthcare Insurance Conference organised by Laing and Buisson.
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