Self Funded Trusts
Organisations wishing to provide health cover for a group of 50 people or more may find that a scheme operated under a Trust is the most efficient and cost effective means of funding a scheme.
What is a Trust?
A Trust is an arrangement by which, through a deed and the appointment of Trustees, a legal entity is created entirely separate from the company or organisation. Money to provide healthcare security for the use of the company, association or affinity group is lodged in the Trust Fund. The Trustees are appointed to manage the fund on behalf of the individual or the group and are bound by the Deed of Trust and governed by UK Trust Laws.
A Healthcare Trust Fund will enable you to take advantage of the UK Trust Laws to manage your healthcare provision and to control increasing premium costs levied by insurance companies, instead of paying insurance premiums, your money is lodged securely in a trust fund account earning interest for the Healthcare Trust Fund.
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