HEALTH BENEFITS
Ensuring your employees benefit from the world-class medical
care when they need it most
The most effective employee benefit plans we see have a health element. It’s often said 'nothing is more important than good health', so employees appreciate the value of some private medical provision.
There is a perception that health coverage is expensive. In reality, though, you can start to incorporate health benefits into a plan
from as little as £4 per month.
Here are some of the options at a glance:
PRIVATE MEDICAL INSURANCE:
COMPANIES
Company Health Insurance keeps your business moving.
Absenteeism costs your business money; investing in Company Health Insurance means your staff can return to work quickly after an accident or illness.
Its about doing the right thing - how would you feel if an employee came to tell you that they had been diagnosed with Cancer and you had nothing to help them through it?
It is also one of the most requested and popular of all employee benefits aiding in the attraction and retention of key people.
AS THE BUSINESS OWNER, CAN YOU AFFORD TO BE ILL?
Build trust and loyalty with your valued staff members - if your business relies on you being at the helm, it’s not worth risking NHS queues. Company Health Insurance could potentially save you thousands of pounds in your own lost man-power.
CAN'T AFFORD TO WASTE TIME 'SHOPPING' FOR COVER?
DON'T! We’ll do it for you - at no extra cost. More and more employees are expecting private health cover as a benefit... This includes help in presenting your options and assisting with claims. You’ll always have the best plan available to you along with a dedicated service, at no extra cost.
FREE ON-GOING SUPPORT
You’ve got better things to do than handling claims and administrating policies. From everyday queries to making a claim, your personal Excellect adviser can help - a free service you won't receive if you buy direct from the insurer.
DENTAL INSURANCE
Covering so much more than the annual trip to the dentist, a dental plan can be set up to look after accident and emergency care, root canal work and cancer among many other procedures. We all need to see the dentist from time to time, so offering staff a dental plan is a tangible and valued benefit. More and more employers are turning to Dental Insurance to meet treatment needs.
The NHS currently have three levels of charges for dental treatment for all patients, unless they are exempt. Exemptions currently cover pregnant women and nursing mothers with children up to 12 months old, students in full-time education up to age 19 and discretionary exemption up to aged 23, plus recipients of various benefit payments and allowances.
Although dental cover can be included in Private Medical Insurance schemes, a less costly emerging trend is for Dental Insurance to be offered through flexible benefits.
HEALTH CASH PLANS
WHAT IS A CASH PLAN?
A Health Cash Plan is an insurance policy that reimburses the full or partial cost of an employee’s health treatment. It enables employees to access a range of healthcare treatments and services, with optical, dental, hospital inpatient care and physiotherapy being the most popular treatments that employees claim for. However, Health Cash Plans can also offer counselling support to employees affected by stress, anxiety and depression which providers often offer through their Employee Assistance Programmes (EAPs).
An employee pays for and then reclaims the cost of their treatment from their cash plan provider following their treatment.
Employers can use Health Cash Plans as an effective way to tackle the causes of staff sickness absence by increasing the chances of a speedy return to work. This in turn can help alleviate the financial strain on the business which can occur when employees are unable to carry out their duties. By reducing sickness absence rates, it can boost staff morale and engagement as well as helping organisations to meet their duty-of-care requirements around staff health & wellbeing.
COST-EFFECTIVE BENEFIT
Starting from as little a £1 per week, Health Cash Plans are a
cost-effective way to support employees’ everyday healthcare needs at a time when low or non-existent wage increases are failing to meet their basic living costs. They are a way of providing a tangible benefit to all.
When offering a Health Cash Plan through a Flexible Benefits Scheme, it is particularly cost effective as the employee can tailor a plan to meet their own specific needs for themselves and their family. This makes it a more meaningful and personalised benefit.
Employees are not required to have a medical before joining a plan, premiums do not increase with age and children under 18 are usually included for free as part of a parent’s cover.
An additional attraction of Health Cash Plans for both employers and employees is the stable pricing. Many providers have substantially enhanced their products and services over the last few years without increasing the cost
