What is a health cash plan?
A health cash plan is an employee benefit in which you pay a monthly fee which entitles you to have routine medical and dental expenses covered (within certain benefit limits).
For example, you could pay £10 per month, per employee, on a plan that covers up to £200 of dental costs, £100 of optical care and £100 of physiotherapy.
It is important to remember that health cash plan and health insurance are two different types of cover. Health insurance will allow you to access private medical treatment for qualifying acute medical needs. Whereas a cash plan allows you to claim money back against ongoing and routine everyday treatments.
The health cash plan and the NHS
You can also use the plan alongside the NHS, as most NHS users are still expected to pay for prescriptions, eye tests and dental treatment, you can use the health cash plan to fund these routine expenses.
Another great feature of this employee benefit is that with the inclusion of MyBenefitsZone, you can add your qualifying children for free and if you wish to pay for your spouse/partner, normally schemes are flexible enough to do so.
The plan allows you to claim back everyday medical expenses up to a set benefit allowance, typically in the following areas:
When it comes to dental care, hygienist and routine appointments are often included. Cosmetic dentistry tends to be excluded.
Optical care such as eye tests, prescriptions and costs for glasses, contact lenses and even laser eye surgery. So not only is this great for appointments, it helps with your overall eye health.
Diagnostic appointments can often take a long time to wait for. You can typically receive cash back against the following: diagnostic tests and scans, CT scans, MRI scans and PET scans.
Another great feature is being able to make the most of physiotherapy, acupuncture, osteopathy and chiropractic treatments. If these are treatments you regularly pay for, a health cash plan can be a great benefit for you.
Health screening is another useful element of most plans, this can provide your staff with peace of mind when it comes to their health.
How does the health cash plan work?
There are four levels of cover to choose from, allowing you to opt for whichever level best suits your needs.
The health cash plan is a popular employee benefit that is utilised by many. If you would like to find out more about employee benefits, contact us and we will be happy to help.