Protection Policies — Explained
What are health cash plans?
A health cash plan is a type of healthcare policy that helps you claim back the cost of everyday health and wellbeing expenses. Unlike private medical insurance, which is designed to cover unexpected medical treatment and hospital care, a cash plan contributes towards routine healthcare costs that many people pay for throughout the year.
Health cash plans can provide valuable support for services such as dental treatment, eye care, physiotherapy and other everyday healthcare expenses, making them a popular addition to both personal and employee healthcare packages.
WHAT IS IT?
Health cash plans at a glance
Health cash plans work by reimbursing eligible healthcare costs up to the annual limits set within your policy. After paying for treatment or services yourself, you simply submit your receipt or invoice to the provider and receive a contribution towards the cost.
The benefits available vary between providers and the level of cover selected, but most plans include allowances for dental treatment, eye tests, prescription glasses, physiotherapy, chiropractic treatment and other routine healthcare services. Some plans may also include benefits such as health screenings, specialist consultations or access to wellbeing support.
Because health cash plans focus on everyday healthcare rather than major medical treatment, premiums are often considerably lower than private medical insurance, making them an affordable way to help manage regular healthcare costs.
IN PLAIN ENGLISH
A health cash plan helps you claim money back for everyday healthcare expenses such as dental treatment, eye care, physiotherapy and other routine health costs.
How it works with your policy
Health cash plans are not a replacement for private medical insurance. Instead, they are designed to complement it by helping with routine healthcare expenses that private medical insurance doesn't usually cover.
Many individuals choose to combine a health cash plan with private medical insurance to create more comprehensive protection, while employers often include cash plans as part of a wider employee benefits package to support everyday health and wellbeing.
What's typically included
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Dental treatment and check-ups
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Eye tests
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Prescription glasses and contact lenses
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Physiotherapy
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Chiropractic treatment
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Osteopathy
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Chiropody and podiatry
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Health screenings and wellbeing benefits (depending on the provider)