Cashplans - Getting a cash plan online quote

Getting a cash plan online quote may be very important to:

• ensure you’re getting the cover you require and;
• are getting it at the right price.

What does a cash plan provide?

A cash plan is a form of protection that allows you to receive payments that will help meet the cost of your day-to-day medical or medically-related treatments.

They differ from conventional private medical insurance (PMI) in that typically no medical is required and the money can be used to help fund expenses such as spectacles / contact lenses / eye tests, dental check-ups and treatments, physiotherapy, osteopathy, and even in some cases, alternative therapies such as acupuncture.

Some plans pay a benefit for every night spent in hospital, to help you meet the out-of-pocket expenses (eg. extra child care) while having NHS treatment – the choice is yours as to how you spend the money.

How do cash plans differ?

As with all insurance, there are many different options for cash plans and it isn’t possible to describe them all here.

They may differ in many important respects typically including:

• the benefits provided;
• their cost;
• conditions and exclusions;
• the maximum amounts claimable and over what period;
• can your partner and / or children be added on for a small additional fee?
• qualification periods (the period that you will need to have held the plan before it would pay out).

Getting these points clear is important, so it’s worthwhile taking the time to study your cash plan online quote carefully.

How can the benefits differ?

Some plans only pay out for treatment that is directly related to medical treatment.

Some may include things such as dental treatment and complementary medicine though others may not.

There is a wide variation and the only way to be sure is to look carefully at a range of options and compare them.

Are there group schemes available?

Yes. It is possible for a company to obtain a cash plan online quotation for a group scheme.

Group schemes may offer both companies and employees very significant advantages.

For the company, it may reduce days lost through sickness and improve morale and employee buy-in to the corporate culture. For employees it may be cheaper than is possible to obtain by purchasing an individual policy. Everyone could win.

How do you get a cash plan online quote?

The providers typically provide indicative tables of options and costs on their internet sites. You can also obtain a specific cash plan online quote by providing a few basic details into the system. It will give you the information you need to decide whether or not to progress further.