Business communication provider Daisy Group launched a fully-funded health cash plan in August to cover the cost of private medical insurance (PMI) excesses.
This means employees can use the plan to offset the cost of any excesses incurred when claiming on the employer’s PMI policy, which is provided by Bupa.
Rebekah Tapping, group HR director at Daisy Group, says: “One of my frustrations with PMI plans is the hoops you have to jump through to be able to do anything, and it doesn’t really help with prevention. However, a health cash plan helps a lot more if an employee needs to see a physiotherapist or osteopath quickly, for example.”
Daisy’s PMI policy is a result of the consolidation of six PMI policies it held after acquiring 19 businesses in the past two years.
Those deals saw the organisation’s workforce grow from around 70 employees to 1,500.
The health cash plan, provided by Medicash, is offered to 300 staff, but there are plans to extend it to management, which has access to PMI only.