Many Cash Plan organisations are older than the NHS itself and have a wealth of experience in health care. They are regularly revise and update their products and benefits to reflect changes in provision for both the NHS and the needs of the contributors.
Health Cash Plans are inexpensive health insurance policies that pay cash sums towards the cost of a wide range of treatments. Many also provide large sums of cash in the event of a serious accident, such as loss of limb, disablement, loss of sight etc.
Good health is the most important gift you can provide for yourself, your family or your staff. If you've ever had to pay for treatment at a Dentist, Optician, or Chiropodist, then benefit from a Health Cash Plan may assist towards these costs.
The good news for employers is that a Cash Plan may assist in reducing the risk of sickness absence and build loyalty amongst staff.
A cash plan is not private medical insurance, but in many ways can be complimentary to it. With low-cost premiums, a cash plan provides affordable and balanced health cover for everyday requirements and can also provide early intervention for the diagnosis of conditions. Furthermore, a corporate Healthcare Plan can assist with the management of risk and provide a valued employee benefit package. By investing in employees' wellbeing, you're also investing in the efficiency and productivity of your business.
Typical advantages of Cash Plan
- No medical required before joining
- Can be used towards the cost of dental and optical treatment plus many other healthcare costs
- Children are usually included free of charge where one or more of the parents are covered
- Premiums do not increase with age
Most plans include cash benefits towards hospital in-patient treatment, specialist consultations, routine optical and dental treatment, physiotherapy, complementary medicine and maternity amongst others.
Some offer more specialised benefits, which may be, tailored towards your particular needs such as benefits for illness at home, aftercare and home help.
Many plans recognise the increasing incidence of stress amongst employees and offer a 24-hour confidential counselling and advice line that provides access for policyholders and their immediate family to professional counselling and advise on a range of issues including legal, medical and stress related lifestyle problems that can impact upon job performance.
By Simply submitting a valid receipt of payment or details of hospitalisation for eligible treatment, the claim is quickly paid back either by cheque or direct deposit to a bank account, depending on preference and the provider. This means that cash benefits are available to assist in everyday healthcare costs, such as a filling at the dentist or a new pair of glasses, overnight stays in hospital and a variety of specialised treatments such as chiropody and physiotherapy.
With levels of cover typically starting from under £5.00 per month including dependent children, and partners who can easily join at affordable rates. Cash plans offer exceptional value for money when compared to the amount that can be claimed back for treatments covered by the plan.
Many plans offer worldwide cover for UK policyholders, so during travels, should any of the treatments covered by a plan be required, a claim for the cost of such treatment may be made on return.
LEBC Corporate Healthcare Solutions provide the highest level of consultation to assist clients select the right products for their own particular needs, advising on cover levels and benefit availability for all cash plans in the market.