A Healthcare Cash Plan is a type of policy that lets employees claim back the cost of their regular healthcare treatments, such as eye tests, dental treatment or physiotherapy. When an employee receives treatment, they send an image of the receipt to the Health Cash Plan Provider and it reimburses them directly. Most claims are settled within 5 working days and the funds are transferred into the employees’ bank account. There are four levels of cover to choose from with 100% reimbursement on cash benefits (up to set limits), there is no medical required to join and the cover is immediate which covers pre-existing medical conditions.
Tangible healthcare benefit employees can use on a regular basis
Helps your employees’ salaries go further with money back for optical, dental treatment, physio and more
Additional family members can also be included on the health cash plan scheme
Children are automatically included
Many employees don’t set aside money on a month to month basis to pay towards things like dental costs. In the event they have an emergency or problems are diagnosed during routine check-ups, the financial impact can be considerable. A health cash plan helps meet these unexpected costs
Encourages your staff to think proactively about their health
Health cash plans work alongside hospital treatment insurance or existing Private Medical Insurance to provide more comprehensive cover
Cash plans for health provide your employees with access to a tangible cost-effective healthcare benefit they can use on a regular basis
Incredibly cost-effective – available from as little as £1 per person per week
Reduced absenteeism – If employees know they have cover in place to pay towards dental, optical or physio costs they are more likely to go proactively for preventative check-ups. This hopefully leading to earlier diagnosis of any health issues rather than waiting they become serious with the associated time away from work
Cash plans be used to enhance employees relaxation such as through massage and alternative therapies
Can help ensure staff keep up to date with their optical prescriptions and dental health, improving their overall well-being
Can be used in partnership with a Private Medical Insurance scheme (PMI) – the healthcare cash plan can help towards excess payments (if applicable) for certain types of treatment
The employer provides a cash plan on a company paid basis.From as little as £1 per employee per week. Many employers choose to provide a certain level of company paid cover and the employee can upgrade to a higher level or add family members at their own cost. This upgrade amount can be collected from salary.
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