In sickness and in health

Usually when healthcare benefits are discussed, the emphasis in put on private medical insurance (PMI) rather than on health cash plans (HCPs). As HCPs are now held by 7.4 million people and pay out £241.6m, they deserve to be considered more closely. Increasingly, organisations and individuals are looking at HCPs as a useful complement to a traditional PMI scheme. PMI is a popular benefit, but good schemes can be costly. Employers are keen to offer their staff the best possible healthcare benefits, but PMI rates continue to increase year- on-year by around 6%. The cost of HCPs by contr...