What is a company health cashplan?
A Company health cash plan is there to help your employees with everyday health costs that are paid for directly to the provider. It is a type of insurance policy paid for by the Company for the benefit of the members of the scheme that allows you to claim back the cost of treatments, such as optical tests, dental treatment and physiotherapy. You pay a monthly premium, ranging from as little as £5 a month to £65 + depending on the options and benefit level available. The plan lets you claim all or a proportion of the money back.
An example of this is if you need a new pair of glasses costing £250, you can send the receipt to your insurer. The cash plan provider will then refund you an amount depending on your policy. Sometimes this can be 100% of the cost, other times it may be 50-75% depending on the provider.
We look after our health in a variety of ways, not all of them at the GP surgery or in the consultant’s room at the hospital. We have opticians and dentists, physiotherapists and osteopaths.
For most of these essential health services, we pay the care provider directly. If we are making regular appointments to keep healthy, the costs can mount up.
Company Health Cash Plans are a highly effective way to reduce these costs by a significant amount. They are extremely affordable, easily accessible, and can pay for themselves several times over in a single policy year.