What is a Business Health Cash Plan?

Health Cash Plans are designed to help your employees with their everyday healthcare costs. By introducing one to your business you’ll help your staff get treatment when they need it, not when they can afford it. That can stop health issues escalating, whilst prompt treatment means a more speedy return to work. Many plans also include Health Screening and various advisory services, which can help prevent or nip in the bud an array of illnesses and conditions.

Cash Plans vs. Private Medical Insurance

While not offering the same extensive level of cover as Company Health Insurance Cash Plans are lower cost and bring benefits your employees are sure to appreciate.These can include specialist consultations, preventative care and treatments such as optical, dental, chiropractic and osteopathic services, as well as alternative therapies including acupuncture and homeopathic remedies. Health and wellbeing services can also be used to encourage your employees to become healthier and fitter, by offering advice and support on giving up smoking and managing weight or stress.They also offer the employer tremendous flexibility as premiums can be wholly paid by the business, part subsidised or simply offered to staff to pay for themselves – they’ll benefit from the ‘bulk purchasing’ benefits inherent in such Health Cash Plans.

The Towergate Health & Protection Health Cash Plan

In addition, Towergate Health & Protection now offers a market exclusive Everyday Healthcare Plan, underwritten by the award winning provider Health Shield. With four different levels of cover to choose from, it offers extensive flexibility –  making it a highly affordable option for any employee. Some of the exclusive and attractive benefits it incorporates include up to 14 hours of home care assistance, and cover for prescription charges. Members can also access free online health risk assessment tools, to help pinpoint and address issues before they become serious.  

Questions to ask when choosing a Health Cash Plan

The flexibility behind Health Cash Plans means that you can really chose what fits you best – your dedicated Towergate Health & Protection employee benefits adviser will discuss with you the make-up of your business, your aims and objectives and your available budget. They can then cross-match them with business Health Cash Plans offered by leading UK providers including Health Shield, Westfield Health and Simply Health.

  • What’s your bottom line?
    Think about the percentage of payroll cost you’re willing to commit. This will inform not just the cover available but how it might be paid for.
  • What costs benefits might you enjoy from introducing a plan?
    You might view your premiums not simply as a cost but an investment, one which helps keep your staff healthy, productive and loyal.
  • Will your employees be willing to pay towards or even pay all of the health plan costs?
    If this is something you’re contemplating, give thought to how you might ‘sell’ the idea to your staff – and how we might help.
  • Which benefits are likely to be most important to your staff?
    This is an important consideration given the flexibility plans can offer. Would you choose say, dental cover over osteopathy – or are both important?
  • Could a Health Cash Plan form part of a wider employee benefits package?You might want to think about how staff productivity, retention and recruitment might be enhanced through offering other benefits such as Group Life Insurance or Income Protection.


We can help you find the right corporate Health Cash Plan 

Your dedicated Towergate Health & Protection adviser will be pleased to help you identify key priorities, guide you to the best available Health Cash Plan for your business. We will also provide ongoing support, be that amending your future protection to meet the changing circumstances of your business or helping should any of your staff need to claim on your policy.

Chase Templeton Limited is registered in England and Wales No. 3299980 – registered address: 5 Arkwright Court, Blackburn Interchange, Darwen, BB3 0FG. Towergate Underwriting Group Limited is registered in England and Wales No. 4043759 – registered address: Towergate House Eclipse Park Sittingbourne Road Maidstone Kent ME14 3EN.  VAT Registration No: 447284724.