Cash Plans, mainly for employers, provide employees with cash refunds up to agreed limits on benefits such as specialist consultations, dental and optical treatment, physiotherapy and other therapies. There are a vast range of Cash Plans available, and are the fastest growing type of employee benefit, with premiums starting from £1 per week, per employee. Key benefits of Cash Plans are that they:
- Reduce absenteeism and help with staff recruitment and retention
- Demonstrate duty of care responsibilities i.e. optical benefit covers eye tests for VDU users
- Cover excess amounts for Private Medical Insurance policies
- Improve staff morale, motivation and productivity
- Can be an integral part of a company’s Health & Safety policy
- Are affordable – starting from £1 per week per employee
- Are simple and easy to use
- Are easy to administer
Company Cash plans are only available to companies with 5 employees or more and must be provided for all company employees.
Please contact us for further information on the various Cash Plans available and explanations on the different levels of cover.