Health Cash Plans

Health cash plans are a relatively low-cost benefit and provide employees with immediate value, as their costs for routine healthcare expenses such as dental and optical costs are reimbursed. Therapies can be included to help manage/cure joint pain and counselling services to assist with mental well-being.

A cash plan is not a direct replacement for private medical insurance; however, by providing cover for routine medical expenses, it can be hugely beneficial to support any absence programme.

The benefit can be provided on a company paid basis, voluntary basis, or a combination of the two, depending on budget and specific business needs.

When considering a health cash plan it is worth taking a step back and looking at your absence records and any particular concerns that may have arisen. For example, a high percentage of your workforce may suffer from musculoskeletal conditions or stress and depression, or your location may experience particularly high waiting lists for services such as counselling or diagnostic scans.

It is possible to tailor a scheme and with this information, you can bespoke the cash plan to specifically target the areas that are of most importance to the business and employees. Other benefits that can be sourced include a cycle-to-work scheme and childcare vouchers.

A health cash plan can provide stability at the core of any benefits package and when structured effectively can support and enhance other benefits such as private medical insurance and group income protection insurance.

Jobson James will undertake an audit of your benefits and produce a report identifying any cost savings that can be made, improvements that could be considered and additions that could be offered. This will ensure your employee benefits package covers the main areas affecting wellbeing:

Preventative benefits

Rehabilitation benefits

Financial wellbeing

Having benefits in all these areas will result in a complete benefits solution, which is of great value to both employer and employees.

To discuss your own requirements, please contact Karen Long on
0121 452 8765 or email karen.long@jobson-james.co.uk.