If you’re looking to take your company's wellbeing strategy to the next level, you can support your people with health benefits that offer financial rewards too.
One area that often gets overlooked when it comes to employee wellbeing is financial health. However, studies have shown that financial worries can have a significant impact on an individual's overall wellbeing, leading to increased stress and decreased productivity in the workplace.
This is where health cash plans come in. These employee benefits can not only help to improve financial wellbeing but also contribute to overall employee satisfaction.
Just imagine if your employees could stress less about healthcare costs. That's where health cash plans come in handy. They're like a financial guardian angel for everyday health expenses - think dentist visits, eye check-ups, or physio sessions.
But it's not just about the money side of things. Health cash plans are all about promoting healthier lifestyles too. They offer benefits like gym memberships and health screenings, encouraging everyone to take charge of their wellbeing. The result? Less sick days, more productivity, and a healthier, happier team.
How financial wellbeing impacts employees and employers
When people are stressed about finances, it's tough for them to give their all at work. Plus, that stress can lead to health problems, meaning more sick days. On the flip side, employees who feel financially secure are likely to be more engaged, motivated, and happy in their roles. They feel valued, stick around longer, and give their best. That's where employee benefits like Health Shield's health cash plans come in. They're a practical way for your team to manage their healthcare costs, reducing financial stress which boosts their wellbeing and productivity.
Understanding health cash plans
Think of a health cash plan like a personal healthcare piggy bank, ready to cover routine healthcare costs. It's an employee benefit that gives a set amount for things like dentist visits, eye tests, physio sessions, and more.
Now, let's talk about Health Shield's health cash plans. We get that everyone's health needs are unique, so our plans have options to help fit the needs of your business. They cover a wide range of treatments, meaning less worry about routine health costs and more focus on feeling good. Plus, we throw in additional wellbeing benefits to help your people stay proactive about their health.
The link between health cash plans and financial wellbeing
Health cash plans can be a game-changer for your team's financial wellbeing. Think of cash plans like a safety net, catching those unexpected health bills so your employees don't have to dip into their savings or take on debt. This is important because financial stress can really upset our mental and physical health.
Having a health cash plan ensures your team can breathe easy, knowing they're covered for a range of health treatments. Plus, businesses that offer health benefits like these will find it easier to attract and retain staff.
By choosing Health Shield's health cash plans, you're not just looking after your team's health, but also their financial stability. That means a happier, more focused, and engaged team driving your company forward.
Health Shield's approach to health cash plans
We take pride in our commitment to provide health solutions that are trusted, transparent, and tailored to the needs of the modern workplace. Our health cash plans are a testament to our dedication to provide health and wellbeing resources that genuinely contribute to the financial wellbeing of employees.
Our approach is rooted in making sure our plans are as diverse as our clients’ employees. Our mobile-friendly platform makes access to these resources as effortless as possible, allowing individuals to utilise their benefits anytime, anywhere.
One of our clients, a large tech company, commented, "Fujitsu moved to Health Shield in 2017 and from the outset we’ve used the online claims portal which is very easy; personally, I use my phone for claims as it's just so easy to take a photo of the receipt and upload it.
A significant percentage of our members also cover their partners. Our highest claims categories are usually combined physiotherapy and dental, with optical following close behind."
Another client, an HR manager in a leading retail chain, said, “The Health Shield team are very passionate about working with Aldi to increase colleague awareness and engagement with the Health Cash Plan. They have attended Health and Wellbeing events at our Regional Distribution Centres, our annual business conferences and each of our Stores to provide valuable insight into the benefits of the Health Cash Plan directly to our colleagues.”
These testimonials are a testament to our commitment to improving financial wellbeing through the support we can provide to people managers like you. We continue to empower employers and employees, one health cash plan at a time.
Implementing Health Shield's Health Cash Plan in your organisation: A step-by-step guide
- Identify the need: The first step in implementing a health cash plan is to understand the needs of your workforce. Conduct a survey or hold discussions to discover their healthcare requirements and financial wellbeing concerns.
- Choose the right plan: Once you understand your employees' needs, explore the range of health cash plans offered by Health Shield. Our comprehensive and flexible plans can be tailored to meet the unique requirements of your workforce.
- Communicate with employees: Prior to implementation, communicate the benefits of the health cash plan to your employees. Explain how it can support their financial wellbeing and how easy it is to use, especially with our mobile-friendly platform.
- Implement the plan: With the assistance of Health Shield's dedicated team, implement the selected health cash plan in your organisation. We provide complete support in the smooth integration of the plan into your existing benefits package.
- Monitor and evaluate: Regularly review the impact of the health cash plan on your employees' financial wellbeing and overall job satisfaction. Health Shield's approach is always evolving, and we're here to help you adapt as your organisation's needs change.
Supporting financial wellbeing through health benefits not only helps employees but also helps the company, as it can reduce presenteeism, absenteeism, and staff turnover. If you’re looking for ways to help your people, you're not alone, and we're here to support you every step of the way.
Get in touch
Here at Health Shield, we're deeply committed to providing a supportive and user-focused service, making the implementation process as simple and convenient as possible. Our reliable and transparent approach ensures that your employees have access to health and wellbeing resources that genuinely contribute to their financial wellbeing. If you'd like to explore how we can support your team further, we’re always happy for a chat, so get in touch.
This is a financial promotion.
Health Shield Friendly Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
