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Why Are Health Cash Plans More Valuable Today Than Ever Before?

Especially due to the cost of living crisis, finding ways to save money whilst also looking after our health has become paramount. Health cash plans are a great way tor do this, allowing users to claim back the cost of their routine checkups. Along with cash plans for value, cash plans offer value for individuals, employees and employers for a range of reasons including providing simple healthcare access, and reducing the financial burden. Continue reading to find out more.

What Are Health Cash Plans? 

Health cash plans are schemes whereby a monthly fee is paid either by yourself or an employer. It entitles the individual to have routine medical expenses covered up to a certain price. They are an affordable way to spread out the costs of healthcare and get your health back on track. Depending on the cover you choose, will impact how much you can claim back and the services offered. For businesses offering these schemes, it provides a great incentive to employees to also want to give back. And when their health is made a priority, they will be in a much better position to be productive and excel in the workplace. These schemes are simple to implement and offer an abundance to both employers and employees. Health cash plans can cover a range of checkups including: 


  • Dental
  • Podiatry
  • Chiropody
  • Opticians
  • Practitioner
  • Physiotherapy 


Why Are They So Valuable? 

There are so many reasons why a health cash plan is more valuable today than ever before. If you are an employer and are wanting to invest more in your employees, then this may be the way forward. Especially in recent times due to the increases in the cost of living, many people have struggled financially and are therefore not wanting to spend their money on their health and wellbeing. However, in times of hardship protecting your wellbeing should be a priority. When people prioritise their mental and physical health, they will be happier, have better immune functioning, reduced illness, increased productivity, decreased risk of disease, the list is endless. Other reasons they are valuable include …

Simple Healthcare Access

As we all know, catching any health issue is crucial to do so early from both a health and financial aspect. A simple routine checkup can help to catch problems early on, whether that be a potential dentist or opticians issue. However, this issue will be much smaller and easy to manage if caught in the early stages, rather than further down the line.

With healthcare being more in reach, it offers many benefits. This helps to encourage them to go to their regular checkups such as a routine dental appointment, opticians or physiotherapy appointments. Without this scheme, people may put off attending the appointments in order to save money and time but it may potentially cause more health implications in the future. Knowing that their healthcare is easily accessible will give great peace of mind and more people will attend routine checkups.

Decreases Financial Strain 

When people sign up to a health cash plan it takes the financial burden away as they know they are easily able to claim back the expenses incurred. Depending on the level of cover you have signed up for will impact how much money can be claimed back. However, whatever the level is, it is much more advantageous than putting off checkups and having to pay out for a larger healthcare bill in the future. 

READ: Can Loans Help With Your Credit After An Emergency Medical Expenses?

Business Benefits 

Not only does a health cash plan positively affect employees, but employers too. For those employers who offer these schemes as a workplace perk, they can also reap the benefits from their investment. In the workplace, you will see higher levels of productivity because staff members will be in better health, both mentally and physically. Reducing this strain helps them to focus more whilst at work. Not only this but with individuals prioritising their health there will be less reason for them to take sick days and produce a happy and healthy workplace. 

In addition, introducing healthcare schemes into a working environment looks very attractive to those inside and outside of the business. For those in the business already, it is a great perk and will give an extra incentive for them to work hard and stay in the business, retaining employees. For those not yet in the business, this perk looks attractive to them and may be one of the reasons that sway them to apply for one business over the other, meaning you can attract and choose from a wider talent pool. 

Extra Benefits 

On top of all of these benefits, there are also other pros of joining a health cash plan. Many providers offer a range of bonuses to make individuals feel more inclined to sign up, to help them both with their health and finances. Perks on offer include access to things such as gym membership discounts, discounts on food shops and even days out. This again helps with the financial hardship the cost of living crisis has caused. Meaning people can still enjoy their time with friends and family and prioritise their health and well-being without as much financial worry. Other benefits include:

  • 24/7 counselling, offering mental health support for bereavement, stress, family issues and financial concerns.
  • Health assessments to analyse health and lifestyle through fitness and stress programmes and nutrition diaries.
  • Virtual GP access via video chat or phone calls to talk over health concerns. 

READ: Occupational Insurance VS. Workers Comp: What’s the Difference?

Whether you have decided it’s time to prioritise your health more, both mentally and physically. Or if you are searching for ways to reduce the financial burden caused by the cost of living crisis then opting into a health cash plan may be the way forward. Feel happier and be given peace of mind, knowing that you are taking a step forward into looking after your health. No matter your budget whether you are an individual or employer, there are a range of options and plans to choose from that can be tailored to specific needs and requirements. 

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