Is Health Insurance Tax Deductible?

If you run a limited company, you can usually pay for an individual private medical policy through the business rather than from personal income. The premium is generally treated as a benefit-in-kind, and how it affects company and personal tax depends on your circumstances. Compare individual cover from leading UK insurers and speak to a qualified accountant about the most efficient way to fund it.

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Funding Cover Through Your Company

An individual policy your limited company can pay for, not a group corporate scheme.

Company-Paid Premiums

A limited company can usually pay the premium for a director's individual private medical policy directly from the business, keeping the cost out of personal post-tax income. The company and director should confirm the most suitable arrangement for their situation.

Benefit-In-Kind Treatment

Premiums a company pays for a director are generally a benefit-in-kind reported to HMRC. Whether and how the cost reduces the company's tax bill depends on individual circumstances, so speak to a qualified accountant before deciding how to fund the policy.

Individual Policy, Not Group

These quotes are for a single named director rather than a corporate group scheme covering employees. You still choose hospital lists, excess and optional modules such as out-patient, diagnostics, mental health and therapies to suit you.