WPA, the not-for-profit healthcare provider, has announced a rebate of approximately 40 per cent of monthly premiums for SME and retail customers during the coronavirus lockdown.
The premium rebate will be rounded to the nearest £5.00.
There will be no clawback of intermediary commission as a result of the rebate.
The provider says that it expects a large increase in demand for private healthcare when the coronavirus virus recedes and says it will take this into account in determining any further rebates.
WPA said in March that it would not profit from the reduction in claims as a result of Covid-19. It says that while it continues to receive claims for cancer and cardiology cases, remote specialist/therapy consultations, GP services and NHS cash benefit, it is seeing a reduction in treatment for non-life threatening conditions caused by the NHS requisition of private hospital facilities. The extent of this reduction varies by region and is dependent on the availability of specialists and hospitals.
Where WPA holds bank account details it will make an automatic payment to the policyholder’s bank account in late April. Where it does not hold bank account details it will use the rebate to reduce the next premium payment. The rebate will not impact future premium rates.
Customers who transferred to this cash plan before 22 April will not get a rebate.