Company / Employer
A large number of insurers have standard company products, and some are prepared to tailor larger schemes to individual companies.
Health cash is increasingly a product sold to employers as an employee benefit. In recent years, this has been offered to medium sized companies, often insuring as few as 10 employees.
There are three main options:
Company paid: the employer pays all the premium
Voluntary: the company enables individuals to buy cover by deduction from their wages
Part paid: where both employer and employee pay a share
Simple and innovative corporate healthcare plans cost from as little as £1 per week, per employee, and provide a valuable employee benefit.
They can be an affordable way to encourage proactive employee health and provide a valuable employee benefit as part of a company's flexible benefits scheme. Offers a wide range of cash benefits and services with cover for dependent children included on many benefits too.
Health cash plans are considered to be a cost effective way for employers to show they care about their employees by investing in their health and well-being and they may help reduce absenteeism due to ill health.
Implementing new employee benefits can be perceived as an administrative burden but these are one of the most simple and cost effective options available to employers. No medicals are required for employees to be covered.
All the workforce can benefit from health cash plans.Different levels of cover can be provided and cover can be extended to include partners and children.
Health cash plans are quick and easy to implement throughout an entire workforce.
A healthy workforce is a happy workforce - employees feel valued and so are motivated, productive and loyal.
Company health cash plans for medium sized and larger organisations can include health benefits not on products for the self-employed and small business.