Following its success in the large corporate market and strong demand from customers and insurance intermediaries, WPA has added LifeStage Health to Precision Corporate Healthcare, its flagship SME product which is available for companies with 10 or more employees.
This exciting and award-winning contemporary employee benefit can be included within Precision Corporate Healthcare as a standalone option, or added to the health insurance or cash plan scheme. It comes with a choice of LifeStage fund levels.
LifeStage Health recognises that people of different genders and ages have different needs throughout their lives. It provides access to care, raises awareness and promotes the understanding of life’s natural challenges, support which was often excluded from traditional health insurance policies, and has been designed to facilitate treatment pathways for a range of conditions such as fertility, menopause and sexual health, for everyone regardless of their gender identity.
LifeStage Health has made Precision Corporate Healthcare even more flexible. Combined with Precision Analytics and with the option of a Group Deductible, it is one of the UK’s most flexible options for companies considering more inclusive health cover for their employees.
Sharon Shier, WPA’s Head of Product Development, said: “Insurers spend much time pricing the risk of unknown events yet there are many conditions that we know will happen that are not traditionally covered by health insurers. 79% of health insurance policies are purchased by companies wanting all of their employees to be even more effective and LifeStage Health is addressing those things we know will happen at various stages of our lifetimes.”
Sharon added: “LifeStage is also supporting corporate inclusion strategies promoting understanding of female and male health as well as retaining talent for their whole career, whatever the interruption. Such diversity ignites creativity, problem-solving, and innovation. At WPA, we believe our strengths lie in our differences not our similarities. Precision Corporate Healthcare is now a product that truly integrates with our customers’ corporate healthcare objectives, strategies and budgets.”
Debra Clark, Head of Specialist Consulting at Towergate, said: “It is important for all businesses, regardless of their size, to support their people’s wellbeing. It is well reported that this is good for business but it is also the right thing to do. WPA’s Lifestage Health can help, with support for the known natural stages of people’s lives where changes in the body can impact both physical and mental wellbeing.”
Lauren Chiren, CEO of Women of a Certain Stage, added: “LifeStage Health is raising awareness of female issues, correcting unconscious bias and breaking down the workplace taboos around these issues. WPA is helping companies make a commitment to all female employees, that life’s natural challenges can be supported and helped; indeed this is a proposition that will be equally valued by companies and women.”