Help your employees with their health related costs through a business health cash plan. Cover expenses such as dental, optical and subscriptions up to a limit for the employees covered under the plan.
Our advisors are available to answer any questions you have about health cash plans and help you find the right cover for you and your team. Based in the UK, we offer an independent service to help businesses find a health cash plan that works for them.
Company health cash plans are a type of employee benefit that pay toward some medical treatments and services up to a specific limit. A business can choose which types of treatments and services they want to cover their employees for, and when an employee receives covered treatment, they may be able to claim back some of the costs.
For each treatment type, there will be an upper limit that employees can receive as cashback in a calendar year, so any claims after that amount may not be paid. Businesses can create a health cash plan based on the types of health treatments they want their employees to have support with, as well as having control over employee limits.
The types of services and treatments your employees can receive cashback for depends on your policy and who the provider is. You may have the option of including one, several or all coverage options.
The more you include in your plan, the more comprehensive the range of treatments your employees will be able to benefit from. However, it’s important to understand that this may also lead to an increase in price, and there may be claim limits on each specific service. Some examples of what employees will be able to claim back on include:
Health cash plans may financially support your employees by reimbursing them for treatments they’d otherwise have to pay for.
Providing this benefit may help attract skilled employees to your business and retain them once they’ve been employed.
Where families are also covered, health cash plans may provide peace of mind to your employees that their loved ones have access to the same services.
Having access to this type of plan may encourage employees to live healthier lives, reducing the chance of sickness.
Your business may be able to deduct the cost of health cash plans from pre tax profits.
Unlike business health insurance, health cash plans reimburse employees for covered treatments rather than paying by direct settlement to the provider of services. This means that the claims process works slightly differently, and your employees will need to follow a process when making a claim:
Check that any treatment being received is covered under the policy terms.
If previous claims have been made, make sure that an employee hasn’t exceeded their annual claims limit.
If the treatment is covered and eligible for reimbursement, the employee will need to pay for it themselves, then submit a claim for reimbursement.
After receiving the treatment, keep the receipt and share this with the insurance provider. Each insurer will have at limit on the time you have to make a claim, employees should ensure the claim is submitted before their insurers time limit.
Following a successful review, the provider will reimburse the cost of the treatment.
Please note: This process may vary per provider, and additional support on the claims process will be available after purchasing your policy.
As with all insurances, the amount business health cash plans may cost depends on factors unique to the company. As a general rule, if you opt for broader coverage with higher annual limits, you can expect to pay more compared to a less comprehensive plan.
Business health cash plans vary per provider, and the type of policies available will depend on factors unique to your company. Our independent advisors can help you compare the options available across major UK providers, offering an unbiased approach to finding the right policy. Provide us with some basic information, and we’ll get back to you.
“Health cash plans allow companies to offer financial support to their employees for a wide range of services, helping everyone covered to benefit”
Our team will personally review your options
Our no obligation service is entirely free
Our advice is always unbiased and impartial
We aim to offer a fair analysis of policies available on the market
A UK based company providing a nationwide service
Authorised & regulated by the Financial Conduct Authority
Cover your employees for private medical treatment if they travel abroad or relocate to an overseas office.Learn more
Cover your employees for the private diagnosis and treatment of medical conditions, as well as access to additional help and support services.Learn more
Provide private healthcare and wellbeing coverage to your employees through a flexible, tax efficient trust that puts you in control of how you deliver health benefits.Learn more
Health assessments may help you to understand the general health of your employees, and whether there are any risks to your staff and business due to health issues. Receive and implement action plans that aim to combat these risks, while benefitting from a healthier workforce.Learn more
Understand any health risks with your business and create a targeted action plan designed to prevent absence and support employees returning from illness.Learn more
This would cover your employees for preventative and restorative treatments such as dental checkups, treatments, and consultations.Learn more