You are here: cherry > Press releases for March 2010 > Multiplex add new services to Healthtrust proposition

29 March 2010

Multiplex Healthtrust Management Services Ltd, one of the UK’s leading advisory practices, has today (29th March 2010) announced a range of new services have been added to its unique corporate healthcare product, Healthtrust. Healthtrust is a bespoke corporate healthcare programme similar to group insurance but instead of meeting premiums set by an insurance company or healthcare provider, the company or public sector body forms a trust, paying money into the trust’s bank account to meet any private medical fees incurred by the scheme’s members. Multiplex has now added a range of new services to the Healthtrust corporate scheme including: On-site health screening – four options available from a limited to comprehensive health screen conducted on the employer’s premises. Call a Doctor Service – scheme members can call from anywhere in the world for a telephone consultation with an English-speaking GP. Dentistry plans with a range of options available. Accident & Emergency cover. Options to cover the use of private ambulances. Healthtrust offers a range of benefits to corporate institutions plus a variety of advantages over traditional Group health insurance such as: no tax to pay; much lower administration costs; the opportunity to offer a bespoke scheme; total flexibility; and much cheaper care costs. Employers are able to start with a Healthtrust ‘shell’ and build the scheme they want providing direct control and the opportunity to tailor benefits according to employee value. Multiplex act as a specialist administrator to the employer, establishing the Trust, then working with its trustees to establish the membership, handle claims, pay medical expenses and meet administration costs. Peter Murray, Chief Executive of Multiplex Healthtrust Management Services Ltd, commented: “Today’s service additions to the Healthtrust proposition provide even greater incentives for corporate institutions to consider this healthcare provision option over and above the traditional group insurance offerings. The beauty of Healthtrust is in the ability to build a bespoke solution which can work within an employer’s wants and needs and is designed to meet those while providing a considerable cost saving. On average a third of all the premiums paid into traditional healthcare schemes will be taken up by administration costs, whereas on average the figure for Healthtrust is approximately 10%. Larger firms, especially those with over 200 employees, will be able to see major savings because of this. “The benefits of establishing a Healthcare trust as opposed to opting for group insurance are therefore many and varied. Increasingly, many employers are finding their insurers are refusing to renew their schemes based on their previous claims history; this is leaving a growing number of firms and organisations with no healthcare cover for their employees. By establishing a Trust this problem would never arise and employers can have total confidence in the provision of healthcare, and peace of mind that they are benefiting from the most cost-efficient method of providing this benefit to their employees. By using Multiplex, corporates are also opting for experience given that we are able to establish, administer and manage the Trust going forward.” Multiplex Healthtrust Management Services Ltd is part of Perspective Financial Group Ltd, one of the largest advisory groups in the UK. Multiplex also offer Healthtrust as part of PFG Corporate Solutions, a new division recently launched by Perspective Group to provide advice to companies on corporate pension provision and employee benefits, including healthcare and risk management. For more information on Multiplex Healthtrust Management Services Ltd, please visit: www.multiplex.org.uk For more information on PFG Corporate Solutions, visit: www.pfgCorporateSolutions.com For more information on Perspective Financial Group Ltd, visit: www.pfgl.co.uk ENDS For further information please contact: Peter Murray, Chief Executive, Multiplex Healthtrust Management Services Ltd, Tel: 01565 756199; peter.murray@multiplex.org.uk Louise Claro, Managing Director, Multiplex Healthtrust Management Services Ltd, Tel: 01565 756199, Mobile: 07876 331167; louise.claro@multiplex.org.uk Rob Griffiths, White Dragon Communications Ltd, Tel: 01483 549282, Mobile: 07983 641566; rob@whitedragoncomms.co.uk Notes to editors About Multiplex Healthtrust Management Services Ltd Multiplex was originally founded by Chief Executive, Peter Murray, in January 1988. It is based in Knutsford, Cheshire and employs 15 people. Multiplex is a leading adviser on corporate health cover, pension planning and wealth management. It offers three separate service divisions: Healthtrust, Pensiontrust and Wealthtrust. Multiplex uses its range of healthcare specialists, financial planners, IFAs and actuaries to advise organisations across the private and public sector, as well as individual clients. Multiplex also offers a separate specialist financial advice service to clients involved in high value personal injury and clinical negligence settlements. Multiplex Healthtrust Management Services Ltd Booths Park No. 1 Booths Park Chelford Road Knutsford Cheshire WA16 8GS Tel: 01565 756199

Click below to download the full press release