News articles supporting the case for low cost healthcare insurance and health cash plans

08

Company health care plans offer a cost-effective benefit to help reward and retain your workforce.

Why should you consider company health care plans in the form of a health cash plan:

1)      Get cash back on preventative health screenings and treatments which could reduce sickness absence and thereby save money for the business.

2)      Offer a financial benefit for your employees, providing cashback for their everyday health care needs such as glasses.

3)      Encourage regular health check-ups to help create and maintain a healthier workforce.

Offering a health cash plan helps to encourage employees to take care of their health.  Where normally they might leave a small ailment to worsen and potentially cause long term absence, knowing that a health cash plan is in place to help fund the costs makes the employee take responsibility for their health care knowing that their employer is fully supporting it.

A health cash plan can form the basis of company health care plans as part of the employee benefits package, this helps an employer towards their duty of care and ensuring that they are providing for the health and wellbeing of staff.

·         Company health care plans can be funded in a number of ways:
Company funded whereby the company pays the cost on behalf of their employee

·         Employee paid (voluntary) whereby the subscription costs are deducted from the employee’s wages, this method does not cost the company.

Placing value on your employee’s health can help to show that the company values its workforce and helps to attract and retain employees in the current competitive climate.

If you are looking to develop company health care plans the immediate thought might be to offer a private medical insurance policy which traditionally has been a perceived ‘perk’ for employees but in terms of day to day value for money and offering something that your employees could use then a health cash plan might provide a better option for your company health careplans.

Health cash plans are low cost but have a perceived high value for employees as they cover everyday health care costs such as dental and optical which are costs incurred by most people and start from as little as £4.63 a month.

For more information on Orchard Healthcare or our health cash plan please call us on 01905 729090

Posted in: Employee Benefits
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Orchard Healthcare is the trading name of Worcester Hospital Contributors Association (WHCA) registered in England AC001147

The Worcester Hospital Contributors Association is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and The Prudential Regulation Authority 202815