The Capacity Insights (Formerly Healix) of Companies has been providing healthcare and risk management solutions to clients around the world since 1992, offering bespoke services to clients who want control over their health, travel and risk provision.

A Brief Overview of Healix Flex Healthcare Trust

Healix offers a comprehensive suite of healthcare solutions, including Private Medical Insurance (PMI) and Dental benefits, through their Healix Flex Healthcare Trust. This innovative approach allows employers to self-fund employee healthcare benefits via a trust, providing greater flexibility and control over healthcare expenditures.

The Healix Flex Healthcare Trust is an HMRC-approved alternative to traditional PMI. Instead of paying premiums to an insurance company, employers allocate funds into a trust specifically designated for employee healthcare claims. This structure enables organisations to tailor healthcare benefits, including medical and dental coverage, to align with their workforce's unique needs.

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Main Benefits for Employees

One of the key benefits for employees is the customised healthcare coverage. Employees receive healthcare benefits that are specifically designed to meet their needs, ensuring access to relevant medical and dental services.

Additionally the trust model often facilitates quicker access to treatments and services, reducing waiting times compared to traditional insurance models allowing employees to receive enhanced access to care. 

Through the trust employees also have access to comprehensive dental benefits. Through the Healix Flex Healthcare Trust, employees can access tailored dental plans that provide savings and reimbursements for a range of eligible dental treatments.

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Main Benefits for Employers

For employees this is a cost efficient benefit. By self-funding through a trust, employers can achieve significant savings over traditional PMI premiums, with any unspent funds remaining in the trust for future use.

Additionally employers have flexibility in benefit design. Employers have the autonomy to design bespoke healthcare and dental benefits, allowing for adjustments based on workforce demographics and specific health needs.

Offering tailored healthcare solutions can lead to a healthier workforce, reducing absenteeism and enhancing productivity. Therefore allowing for improved employee well-being. 

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Special Features to Highlight

• Bespoke Benefits and Clinical Pathways: Healix provides flexible benefit designs, including women's and men's health services, cancer support, and fertility benefits, ensuring comprehensive care for employees.
• Employee Healthcare Services: Employers can allocate trust underspend towards additional services such as virtual GP access, health screenings, and employee assistance programs, further enhancing the value of the benefits package.
• Legal and Administrative Support: Healix assists in setting up the trust with robust legal documentation and manages all claims, ensuring compliance and efficient operation.

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In summary, Healix's Flex Healthcare Trust offers a flexible and cost-effective alternative to traditional PMI, allowing employers to provide customised medical and dental benefits that cater to their employees' specific needs. This approach not only enhances employee well-being but also offers financial advantages and operational control for employers.