Health Care Cash Plans and Restricted Private Medical Insurance
Cash Plans are extremely well received by employees, and have high perceived value for relatively low costs. Due to their simplicity, and popular benefit structures, they passively attract high levels of employee engagement with minimal fuss or administrative burden.
A standard plan refunds employees towards the cost of everyday health related costs, such as:
- Optical, Dental
- Private Medical Insurance excesses
- Health Screening
- Overnight In-Patient stays
- Plus others
Often the employer funds a core level of cover, giving employees the ability to upgrade cover at their own cost. This could be adding a spouse or partner, and/or increasing benefit levels
Restricted Private Medical insurance
As with standard Cash Plans, these schemes offer cash refunds against everyday health related expenses. Unlike standard plans they go on to include additional cover for a variety of pre-determined private medical operations.
These schemes bridge the gap between standard Cash Plans and full Private Medical Insurance, both in terms of the cover and the costs.