EXCLUSIVE: Sovereign Health Care has launched a new health cash plan that costs 90p per employee per week.

Its Merit plan offers employees 100% payback up to the policy limit on a range of healthcare costs, including dental and optical charges, as well as treatments such as acupuncture and physiotherapy.

The plan covers all employees from day one, regardless of their age or medical history. All pre-existing conditions are covered. The plan can also be used to cover private medical insurance (PMI) excesses.

Russ Piper, chief executive at Sovereign Health Care (pictured), said: “Anyone in business knows their employees are the driving force behind any successful company and Merit enables employers to demonstrate a positive commitment to the wellbeing of their workforce without significantly increasing costs.”