• Barnett Waddingham
    Barnett Waddingham
  • Demand soars for low cost health & wellbeing solutions

    51.1% of the UK’s SME workers want their company to offer benefits that help manage their health and wellbeing in 2021 according to a new survey of 2,000 workers and Medicash’s Paul Gambon agrees.

    Employer funded health cash plans are a great way for businesses to provide a low cost, affordable health and wellbeing plan for the entire workforce.

    Health cash plans can offer:

    • Cashback for routine dental and optical care, physiotherapy, chiropody and more
    • Virtual GP appointments
    • Cover for specialist consultations and diagnostic tests
    • Alternative therapies such as reflexology, reiki and Indian head massage
    • Plus, access to telephone helplines, or a full Employee Assistance Programme, to assist with health issues and stress.

    And, crucially for businesses, Health Cash Plans provide health and wellbeing services at what’s usually a much more affordable price than full blown Group Health Insurance.

    According to Drewberry’s 2021 Employee Benefits and Workplace Satisfaction Survey, the proportion of workers wanting their employer to provide a health cash plan increased by 15.2% between 2019 and 2021, whilst the demand for access to digital GP services soared by 264.2%.

    The Covid-19 pandemic and the current economic backdrop have made businesses focus more on how they support the health and wellbeing of their workforce, and while many businesses have pledged to increase spending in this area, budgets may be tight.

    Paul Gambon, Sales & Marketing Director at Medicash, said: “The results of this survey echo our experience at Medicash as we have seen a significant increase in demand from employers looking to introduce a health and wellbeing plan across their whole workforce for the first time. Medicash had a record-breaking number of new sales last year, despite the pandemic, as employers were quick to identify the need for their staff to have useful, everyday wellbeing tools to help them during the effects of the lockdown.

    “The introduction of multiple new digital wellbeing tools during 2020, including mProve YOURSELF which is designed to help with physical and mental health, and SkinVision which allows staff to use an app to monitor themselves for the early signs of skin cancer, were fundamental to our success in addressing this need.  The ability to access our benefits remotely meant that staff have great value from their plan, and we will continue to grow in this digital space to fulfil the appetite of our clients.”

    Find out more about Medicash at www.medicash.tv.


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