12 September 2024
What are Health Cash Plans
Health Cash Plans are a popular low-cost benefit which focus on health and wellbeing. They encourage employees to take care of their everyday health, promoting an active, healthy, and more productive work- force. Cash Plans assist with the cost of everyday medical expenses, but they do so much more! Plan options include a discounts portal (including a gym discount portal), Virtual GP Service and Employee Assistance Programme (EAP) which makes them a very visible, useful, and tangible benefit that have a wide appeal to employees of all ages.
How does this tie in with H&S
Health Cash Plans can be a great tool to aide employee engagement, recruitment, and retention as they are a benefit that all employees like, use, and talk about. They can help reduce employee absence too. As an example, an employee struggling with musculoskeletal issues can be encouraged to visit a chiropractor or physiotherapist, receive treatment, and claim back the costs. This in turn, could be considered as a control measures to be included in your risk assessments.
Regular dental and optical check-ups are important but sometimes get missed by employees due to the cost. They can however identify early warning signs of other serious medical conditions, allowing for early intervention and/or treatment which in turn can prevent longer term absence in the future. Under DSE (Display Screen Equipment) legislation employers have a legal duty to arrange an eye test for DSE users and provide basic glasses if an employee needs them for DSE use. By implementing a Health Cash Plans employers can fulfil their legal obligation and duty of care.
Health Cash Plans are one of the lowest cost benefits starting from as little as £1 per week per employee.
Excellect will research and advise from the whole of the market on the best plan for your business.
* Company sponsored Health Cash Plans are classed as a P11d Benefit in Kind for tax purposes.
