Introduce a healthcare cash plan

Key points

  • Healthcare cash plans pay a cash sum to cover the cost of specified day-to-day healthcare treatments and can provide a relatively low-cost alternative to private medical insurance.
  • Healthcare cash plans are widely offered as a voluntary benefit, with the employer negotiating a discounted rate for employees with an external provider.
  • Employers may consider offering a healthcare cash plan as part of a flexible benefits scheme to allow employees to choose whether or not to receive the benefit.

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