Healthcare trust services

Like trust-based pension schemes, healthcare trusts require effective governance and management. The trustees play a critical role.

Increasingly, large employers are moving from private medical insurance to providing employee healthcare benefits via a medical trust. The benefits of this approach can include:

• balancing exposure to cost and risk
• achieving cost savings
• tailored benefit limits and exclusions
• more flexible claims management
• smoother funding with drip fed contributions
• greater versatility in care approaches

Effective management of healthcare trust ‘pain points’

Managing employee healthcare claims can be complicated with queries and complaints commonplace. Appointing an independent trustee to manage your healthcare benefit trust helps distance your HR team from these tense, difficult and potentially time consuming situations.

Other reasons to appoint an expert independent trustee to your employee medical benefits trust include:

• enabling the employer to make cleaner decisions on other employee issues
• benefitting from our detailed understanding of practical risk management and scheme funding
• strengthening governance through our expertise & best practice knowledge
• using our investment expertise to help maximise value of surplus
• ensuring effective communication with beneficiaries at what can be a difficult time
• more efficient claims management driven by greater experience
• achieving better value and better quality services from others providing services to your employee healthcare trust

A complete healthcare trust service

By dovetailing our ready-made independent trustee solution with your healthcare adviser’s consultancy services, we can create a tailored solution to meet your particular requirements. As a result, you benefit from the extensive knowledge and experience of both a leading professional trustee firm and your specialist healthcare adviser.

Our professional healthcare trustee service is provided on a fixed fee basis - only management of escalated benefit queries and disputed claims fall outside.

Contact us to find out how we can remove the hassle of managing your employee medical benefit trust or download our service flyer.