Blog | Health Shield

Understanding the Value of Health Cash Plans for Your Employees

Written by Health Shield | May 8, 2024 4:09:13 PM

We all know that maintaining good health is paramount. And as an employer, you understand the importance of keeping your workforce healthy and motivated. But figuring out healthcare benefits can feel overwhelming. This is where health cash plans can help. Health cash plans offer a simple and effective solution to support your employees wellbeing while promoting productivity in the workplace.

What is a Health Cash Plan?

Health cash plans are a proactive approach to employee healthcare benefits. They offer a helping hand to employees for a wide range of everyday healthcare expenses, from routine check-ups to unexpected medical costs. A health cash plan provides your employees with access to subsidised healthcare. When a member of your team submits an eligible claim, they will be reimbursed up to their claim limit. Reducing the financial impacts of everyday healthcare services.

How Does it Work?

If a member of your team has paid for eligible healthcare expenses, they just have to submit a claim with a picture of the receipt and send it to the health cash plan provider. Once verified, they will be reimbursed for the covered expenses. This helps to offset the out-of-pocket costs associated with healthcare. This not only eases the financial burden on employees but also encourages them to prioritise their health and wellbeing.

 

Supporting Your Employees Mental Wellbeing

In addition to contributing to medical expenses, health cash plans often include various wellbeing benefits, such as access to counselling and stress management resources. These additional wellness benefits help your team address both physical and mental wellbeing. Creating a supportive culture that not only helps maintain a healthy workforce but also builds a culture of care and trust within your organisation, ultimately adding significant value for your employees and enhancing overall workplace morale.

Preventing Health Niggles from Turning into Health Nightmares

One of the key benefits of health cash plans is their preventive nature. Our cash plans offer coverage for routine health expenses, such as:

  • Dental check-ups 
  • Eye exams
  • Physiotherapy
  • And lots more

Health cash plans help employees address minor health concerns before they escalate into more serious issues. This proactive approach not only saves your employees from unnecessary pain and discomfort but also helps prevent absenteeism and productivity loss due to prolonged illnesses.

Promoting Employee Wellbeing and Engagement

Investing in the health and wellbeing of your employees is both good for them and good for you. Healthy and engaged employees are more productive, creative, and resilient. By offering a health cash plan as part of your employee benefits package, you prove your commitment to their welfare, creating a workforce that is loyal and satisfied.

With a Health Shield Health Cash Plan, you can access a suit of resources for everything you need to promote your cash plan to your employees - from posters, to infographics and videos.

Investing In Your Employees

In today's competitive job market, attracting and retaining top talent requires more than a competitive salary. Employee benefits play a crucial role in shaping their experience and driving success. Health cash plans offer a cost-effective way to support your employees' health and wellbeing, contributing to a healthier, happier and more productive workforce. So why wait? Invest in your employees' health today with a health cash plan from Health Shield, and reap the rewards.