WPA Seminar today

Attended the WPA : Swift Diagnosis seminar this lunchtime and as an experiment live tweeted throughout the whole event - not sure who was listening but heres a list of my Tweets from start at 11.00am to finish around 12.25pm :

Apologies for the spelling but hopefully this gives you a flavour of the event and the new product feature.

4h

Arrived at great john hotel - only 2 hours parking cud be an issue

Nice hotel, friendly welcome ppt starts

Swift diagnosis - tiered addition SME products

Swift diagnosis is help towards tests and investigations

David Free-Pierce talking company cash plan employee engagement - valued more than PMI

Cash plan pop'n 4 mill

Why swift diagnosis - focus on private diagnosis

Available stand alone or as part of SME PMI proposition

Swift diagnosis - between cash plan and full PMI

Benefits are consults/diagnostics £1500 pa excludes angiograms. Extra £500 for colonoscopy.

£1500 why ? 97% of o/p claims fall below this limit

What's the catch - why angio excluded ? - often extended to full angioplasty (6/10) more costly

Also excludes chronics

10 plus employees - no underwriting or qualifying periods 90 days for less than 10

What happens following diagnostic stage ? WPA helpline (managed care team) advise on NHS or private options

Premiums 0-17 £61.59 pa, 18-49 £151.40, 50+ £ 313.69 NHS top up clients reduced by 5%.

They think the pricing is sustainable - they view medical inflation at no more than 5% - project increases at less than this moving forwards

Larger schemes there is bespoking

Screen shot with typical costs : shows most procedures wud b covered e.g. cardiac ct is £ 1250 or diag. colonoscopy is £2153

Commission is 40 & 5 opportunity to extend benefits a la cash plan & appeal 2 younger employees

Showing examples of tiered cover meeting SME needs

Shows increasing numbers covered but keeping costs same/lower

Fairly informal presentation - one of the presenters leant against the wall !

Questions - qual period for less than 10 - 90 days no u/w

Can u sell it with a full PMI plan from Wpa - sounds like 'no'

Deps charged individually by age company funded for employees

May be available voluntary and individual in future - SME for now

No usage or claims info on SME stuff

Referral from gp or specialist

Allows for second opinion - may be covered but probably not.

Questions now trailing off.....

No option to buy in chunks - pay twice for £3000 cover or for full refund

That's the end !