If you employ 3 or more staff, you should consider the positive effects of implementing a cash plan for your business. This is a really simple way to give your staff help towards everyday healthcare costs. Cash plans start from as little as £1 per person per week. They provide cash back for treatments such as dental, optical, physiotherapy, chiropody, specialist consultations and health & wellbeing solutions.

Cash plans are easy to use. Once your members are enrolled they can claim their cash back online sending a copy of the original receipt. They will then receive the money back for eligible claims. Some insurers even have a turnaround of only 48 hours.

Benefit levels of a Cash Plan for Business

Benefit levels can vary in accordance with your budget. They can be very effective in helping to improve absenteeism and improve staff wellbeing. Corporate (large) group scheme’s can tailor the cover completely. Total flexibility for your HR team.

One of the most exciting benefits you can choose is the option to claim back any excess you may have on your private medical insurance policy. Running a business health insurance plan and cash plan together is a popular combination.  A cash plan is an effective method to make your staff aware that you care about their health and wellbeing.  A brilliant way to assist you in retaining valuable employees.  A cash plan will also help you to comply with the duty of care you have as an employer.

Compare cash plans with the help of SMP Healthcare

We have many years experience in the health insurance market. Our team will be happy to help you compare the options available for your business cash plan. Our assistance could save you valuable time and money when finding the right policy.

Cash plans for Individuals

If you would like to take out a cash plan for you or your family there are individual cash plans available to you. The benefits are similar to those on the Business cash plans. This  enables you to claim for costs relating to Dental, Optical, Physiotherapy, Chiropody, Hearing aids, Personal accident Protection, Osteopathy and many other everyday healthcare costs.

You do not need to have a medical prior to joining and there are many different benefit levels you can choose from. The Health and Wellbeing benefits cover a whole host of alternative treatments. Acupressure, Hopi Ear Candles, Reiki, Kinesiology and Indian Head Massage are available to name but a few.

Many providers do have a minimum and maximum age limit for joining their Cash plans whether on a company scheme or an individual policy. We would recommend that you speak to one of the SMP Healthcare team to see whether there is a cash plan available to suit your own specific requirements.

There are many providers for Cash Plans and some offer 100% cash back whilst others limit this to 75%/ 80% depending on the benefit section you are looking at.

A Health Cash Plan is not a substitute for Private Medical Insurance. It is a low cost way of obtaining help with the cost for your everyday healthcare needs. The two plans can work together as a brilliant complete solution to Healthcare Insurance or indeed can be purchased separately.