Small employers in Cowes; Ryde; Yarmouth and Shanklin compete for talent against mainland firms. A smart SME health plan boosts hiring; reduces sick leave and is simpler to set up than you think.
Why island SMEs should offer PMI
- Faster treatment; fewer lost days during ferry disruptions
- Mental health support; counselling and EAP lines for team wellbeing
- Virtual GP; early morning or evening consults that fit ferry timetables
Plan types that fit small teams
- Modular SME policies; pick inpatient; outpatient; physio; mental health as needed
- Budget options with a 6 week NHS wait clause; strong value
- Cash plans as entry level; dental; optical; physio reimbursements for under £10 – £20 per employee per month
Cost controls
- Set an annual excess per employee; not per claim
- Restrict hospital list to Portsmouth and Southampton; big savings vs nationwide
- Wellness incentives; activity rewards can lower renewal pricing
Rollout in Cowes; Ryde and Yarmouth
- Communicate simple claims steps; virtual GP links; claims app
- Add partners or dependants via voluntary payroll deduction
- Review annually before the summer season; align benefits with staffing peaks
FAQ
Is business PMI tax deductible
Usually treated as a business expense; take accounting advice.
Will employees pay benefit-in-kind
Yes; PMI is a benefit in kind; many staff still prefer it for faster access and reduced downtime.