posted on July 07, 2016 07:28
Employer subsidy schemes often refer to health insurance
schemes paid for by a company for their employees.
For both small (SME’s) and medium sized businesses keeping
your workforce happy and healthy is one of the key ways to maintain a
The cost of absenteeism for UK businesses in 013 was £32.1
billion, with long term sickness costing £4.17 billion every year. As the workforce changes with increasing
numbers of older employees continuing to work on this cost is set to increase
by 4% by 2030.
One way to ensure your workforce remains healthy is to offer
a health cash plan as part of your employment package. Providing a health cash plan as part of your
health and wellbeing policy ensures that your employees have financial
assistance in maintaining their health and are more likely to take control of their
health and wellbeing.
From everyday health costs such as a trip to the dentist
through to a sight test at the opticians an Orchard Healthcare health cash plan
helps keep a workforce healthy on a day to day basis. Add into that cash back for visits to a
physiotherapist or osteopath for musculoskeletal complaints (cause of 23.2% of
absenteeism) and offering an employer subsidised health scheme soon pays for
itself when compared to the cost of absenteeism.
If a key employee had a serious health concern causing a
potential long term sickness offering them financial assistance towards
visiting a specialist consultant could help speed up diagnosis and subsequently
get them back to work faster.
Particularly with older employees the longer they are off sick the less
likely it is that they will be able to return to work.
For as little as £1.07 a week Orchard Healthcare offer a
health cash plan scheme, making employer subsidy schemes affordable. With Orchard Healthcare’s cash plan immediate
cover is provided and there are no medicals required prior to joining ensuring
your employee’s health is instantly covered.