Why Professional Firms Should Finalise Their PMI Budget Now for April 2026
Across legal, accounting, digital and tech firms, expectations around health benefits have changed dramatically.
Private Medical Insurance (PMI) is no longer viewed as a luxury perk. It’s now one of the most effective tools for:
· Attracting top talent
· Improving productivity
· Reducing downtime
· Supporting mental health
With April budgets fast-approaching, January is the ideal moment to shape your wellbeing strategy.
Why PMI Deserves a Place in Your 2026 Budget
1. Beat Rising Costs by Planning Early
PMI premiums typically rise year on year. Finalising your approach early allows you to:
· Lock in pricing
· Adjust excess levels
· Negotiate better terms
· Spread budget more effectively
Working with a specialist adviser like Pegasus Health helps firms navigate pricing structures and insurer options, ensuring PMI remains sustainable as teams grow.
2. Strengthen Your Recruitment Power
Candidates in professional services are selective, and PMI consistently ranks among the top three benefits they look for.
Firms offering PMI gain a competitive edge in:
· Law
· Accountancy
· Consultancy
· Digital and tech
· Creative agencies
It sends a clear message that employee wellbeing is genuinely prioritised.
3. Reduce Costs Linked to Long-Term Absence
PMI provides fast access to:
· GPs
· Mental health specialists
· Diagnostic tests
· Private treatment
Early intervention may help shorten absence periods and help employees return to work sooner.
PMI is both a wellbeing benefit and a strategic business investment. Planning now lets your firm enter April with a competitive, cost-effective package. Pegasus Health can tailor a PMI solution that supports both your people and your business goals.
“Benefits cover levels and eligibility vary by provider and policy, and should be reviewed to ensure suitability for your workforce.”
