posted on September 08, 2016 08:28
Company health care plans offer a cost-effective benefit to
help reward and retain your workforce.
Why should you consider company health care plans in the
form of a health cash plan:
Get cash back on preventative health screenings
and treatments which could reduce sickness absence and thereby save money for
Offer a financial benefit for your employees,
providing cashback for their everyday health care needs such as glasses.
Encourage regular health check-ups to help
create and maintain a healthier workforce.
Offering a health cash plan helps to encourage employees to
take care of their health. Where normally
they might leave a small ailment to worsen and potentially cause long term
absence, knowing that a health cash plan is in place to help fund the costs
makes the employee take responsibility for their health care knowing that their
employer is fully supporting it.
A health cash plan can form the basis of company health care
plans as part of the employee benefits package, this helps an employer towards
their duty of care and ensuring that they are providing for the health and
wellbeing of staff.
Company health care plans can be funded in a number
Company funded whereby the company pays the cost on behalf of their employee
Employee paid (voluntary) whereby the
subscription costs are deducted from the employee’s wages, this method does not
cost the company.
Placing value on your employee’s health can help to show
that the company values its workforce and helps to attract and retain employees
in the current competitive climate.
If you are looking to develop company health care plans the
immediate thought might be to offer a private medical insurance policy which
traditionally has been a perceived ‘perk’ for employees but in terms of day to
day value for money and offering something that your employees could use then a
health cash plan might provide a better option for your company health careplans.
Health cash plans are low cost but have a perceived high
value for employees as they cover everyday health care costs such as dental and
optical which are costs incurred by most people and start from as little as £4.63 a month.
For more information on Orchard Healthcare or our health
cash plan please call us on 01905 729090