It echoes many of the benefits of a private insurance plan, but differs in a very distinct way. With a private health insurance plan, you have to go through a barrage of paperwork and checking before the company will sign off on the cost, and it is normally with a specific provider not of your choosing.
With a health cash plan, you go to the doctor or dentist or specialist that you want, where you want, and set it up in line with your own timing. These cash plans are unlikely to offer coverage on long term treatment plans, but are more aimed at moving the process on more quickly.
With private health insurance, many providers will require a GP visit and then a referral before signing off on specialist treatment. This can lead to lengthy wait times, and the difficulty of getting a referral from your NHS GP.
There is normally a maximum claim amount a person can make, that is dependent on their package. A good guide would be for a £10 a month package; a person may be able to claim around £650 on treatment, medication or travel expenses.
Cash plan providers say that these policies are the best option for the smaller medical expenses. Things like contact lenses, physio sessions or dental checkups are all covered under many of the plans.
These plans are particularly useful for known expenses. If you pay for contact lenses every year, cash plans could help you save £100’s, and will also provide some benefits to more serious issues that may arise as well.