Vitality Medical Insurance

These pages reproduce internal policy documents, which may change from time to time and which apply to UK employees only.

Where there is a difference between these pages and the policy documents on Confluence, the policy documents shall prevail.

iwoca has partnered with Vitality to offer private healthcare and award-winning cover for you and your family. If you decide to opt in to this benefit, iwoca will pay your monthly premium and you can also choose to add a partner and dependants to the plan (at an additional cost to you, but at the discounted company rates).

As medical insurance is considered a benefit in kind, it is taxable, meaning iwoca will be payrolling the tax of these for anyone that signs up for those benefits (see below for more info).

The core plan cover includes:

Hospital fees and NHS Hospital cash benefit

Consultant fees

Diagnostic tests

Surgical procedures

Vitality GP app & face-to-face GP services

Childbirth cash benefit

Home Nursing

Ambulance

Pregnancy Complications

Rehabilitation

Cancer treatment

Mental health

Mental health support includes discounts for several mindfulness apps and full mental health cover. This includes talking therapies, plus further cover for out-patient, in-patient and day-patient treatment.

Our Vitality plan has a £100 excess per policy year, which means you will need to cover the first £100 associated with treatments you have undertaken via Vitality and then the plan will cover the rest.

iwocans also have access to Vitality’s also offers an amazing Rewards programme, which rewards you for getting active and staying healthy. The programme includes perks like:

Up to 50% off at Virgin Active / Nuffield Health /PureGym

Amazon Prime membership

Free Cineworld & Vue tickets

Free Cafe Nero

30% off Headspace

75% off spa getaways with Champneys

and much more.

FAQ’s

What if I have a pre-existing condition?

If you have a pre-existing condition then this plan has a 2-year moratorium that will affect your cover. Vitality will only begin to cover pre-existing conditions after you have been symptom-free for two years.

With any medical insurance plan, you typically need to be referred via GP for treatment. Please check with Vitality before you avail of any treatment to ensure it will be covered by the plan.

Why am I being taxed for this benefit?

Vitality insurance and Westfield cash plan are considered benefits-in-kind (BIK). A BIK is a broad term that covers benefits with a financial value that are not paid to you as cash. Some benefits-in-kind are taxable, others aren’t. Vitality & Westfield are considered taxable BIKs and so iwoca will be payrolling the tax of these for anyone that signs up for those benefits.

iwoca calculates the value of the benefit being provided to you during the whole year and then we collect the tax due on that benefit through payroll. The tax due on payrolled benefits is collected from your pay each month so that at the end of the tax year you should have paid all of the tax due on those benefits.

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