What is a cash plan?
A Cash Plan is an insurance policy that can help to cover the cost of everyday healthcare, such as visits to the dentist, opticians or physiotherapy, by reimbursing you for some or all of the cost of routine and/or unforeseen healthcare costs and appointments. Cash Plans are available for a monthly premium and are an affordable, simple and accessible way of helping you to manage the cost of everyday healthcare.
How is a cash plan different to Private Medical Insurance?
Whereas Private Medical Insurance can help you when the unexpected happens, cash plans are designed to be an affordable way of help you manage the day to day costs of healthcare - the costs of which can all add up. If you are looking for cover to help with operations, hospital visits and treatment for serious conditions such as cancer, private medical insurance may be more appropriate. If you are looking for cover that helps you keep the costs of dental treatment, visits to a physio and eye appointments, cash plans may be a way to help you manage the costs.
Why buy a cash plan?
The costs of everyday healthcare, such as dental check-ups, a visit to the opticians or buying prescription medicines, are ever increasing and can all add up. A Cash Plan is designed to help you meet these costs, so that you do not have to worry about paying for treatment when health issues arise.
Different Cash Plans have enhanced levels of cover for different treatments so you can choose the right cover that suits your needs to make the most of your Cash Plan.For instance, musculoskeletal problems affect many of us at some time of our lives, so if you want to ensure that you are prepared should this affect you, then you could choose a Cash Plan that offers you more cover for physiotherapy, osteopathy or chiropractic treatment.
If you go for annual dental checkups and regular hygienist visits, you could choose a Cash Plan that offers you more dental cover on an annual basis or choose a dental cash plan which is specific to dental care and maintenance only.
The majority of plans will also cover preexisting conditions, but make sure that you check this before you buy the policy.
Cash Plans typically do not reimburse you for treatments such as cosmetic surgery, laser eye surgery, professional sports injuries and non-prescription medicines or glasses. Remember to check the terms and conditions of your policy to see which treatment your Cash Plan will reimburse you for.
