The changing face of healthcare: How health cash plans can empower your workforce

The healthcare landscape is undergoing a significant transformation. With rising demand for private healthcare, coupled with long NHS waiting times, there is an immense strain on the system. The events of 2023 served as a stark reminder of the importance of accessible healthcare. In England alone, the NHS waiting list reached a staggering 7.8 million people in 2023¹. This includes individuals waiting for various procedures and tests, highlighting the overwhelming pressure on the healthcare system.

But it’s not just about the waiting times. Beyond the frustration of delayed procedures, millions grapple with the ever-increasing financial burden of healthcare costs. The cost-of-living crisis further exacerbated this issue, making necessary treatments even more difficult to afford. These challenges create a compelling need for flexible and affordable solutions that complement the NHS and empower individuals to manage their health needs effectively.

This is where health cash plans emerge as a powerful tool for both employers and employees.

Empowering your workforce through Health Cash Plans

Health cash plans offer a cost-effective employee benefit that directly addresses the rising demand for accessible healthcare. They go beyond traditional health insurance by providing employees with financial assistance for everyday healthcare expenses. This can include essential treatments like:

• Dental care – Regular checkups, hygienist appointments, fillings
• Optical care – Eye tests, glasses, contact lenses
• Physiotherapy – Treatments for pain management, sports injuries and recovery
• Plus depending on the plan: Mental health support, access to diagnostic scans, hospital stays and more

These seemingly ‘minor’ issues can have a significant impact on employee wellbeing and productivity. By offering financial support for early intervention and preventative care, health cash plans can help keep employees healthy, present and focused at work. Studies have shown that employees with access to health cash plans experience:

1. Reduced absenteeism: Addressing minor health concerns promptly prevents them from escalating into bigger problems that require extended leave.
2. Increased productivity: When employees feel their wellbeing is supported, they’re more likely to be engaged and focused at work.
3. Improved morale: Offering health cash plans demonstrates a commitment to employee wellbeing, boosting morale and fostering a positive work environment.

Beyond individual benefits, health cash plans offer a strategic advantage in today’s competitive job market. With employee-funded plans starting from just £5.98 per person, they provide a cost-effective way to enhance a company’s benefits package and attract top talent. BHSF health cash plans take it a step further by extending coverage to employee dependents (up to 18 years old). This not only reduces stress for your employees but also makes your benefits package more competitive, fostering a culture of wellbeing that extends beyond the workplace.

Investing in your workforce means investing in your success

By implementing a health cash plan, you’re not just offering a benefit, you’re making a strategic investment in your most valuable asset – your employees. A healthier, happier and more productive workforce translates directly to the success of your business. Health cash plans bridge the gap in the healthcare landscape, providing accessible and affordable solutions that empower your employees and contribute to the overall wellbeing of your organisation.

Ready to take the next step?

Contact us today to discuss your specific needs and explore how our health cash plans can help you create a winning proposition for both your company and your employees.

Sources:

¹The Independent, “NHS waiting list hits record high of almost 7.8m’, https://www.independent.co.uk/news/health/nhs-waiting-list-record-high-b2428410.html