Cash Plans

As employers try to trim the cost of healthcare benefits, cash plans are increasing in popularity as a value-for-money flexible benefit and a cost-effective way to reward employees and can complement or supplement any other private medical cover provided by an employer.

By using a mix of both, businesses can ensure they cover more of their employees’ healthcare needs. Cash plans cover everyday healthcare costs, such as dental check-ups and trips to the physiotherapist, while private medical insurance covers acute surgical treatment.

A group cash plan provides a simple and cost effective way to help manage the cost of a variety of healthcare expenses in addition to making cash payments to employees in the event of certain procedures and hospital stays.

All employers need to provide optical care to staff regularly using visual display units. The advantage of providing a cash plan to staff is that there is no need to pay separately for eye care. Employees can claim back the cost of eye tests and glasses on their plan, up to annual limits. They can also provide access to helplines and face to face counselling sessions to help employees suffering from stress.

Find the right plan to suit your needs with independent advice from Healthcare Partners.