Bupa Launches New Hybrid Health Insurance Plan

Private health care provider Bupa has created a new cash plan aimed to help companies afford the costs of providing employees with health insurance benefits. Dubbed a ‘unique hybrid’ between cash plans and health insurance policies, Bupa Patient Cash is said to benefit both the company and the employee by offering low cost cash plans that will help the company’s healthcare budget to go further.

Employees will be able to choose from three levels of cover for a fixed yearly cost that does not increase as the policyholder ages or makes claims. Depending on the type of health cover taken out, employees will receive cover for up to £400 a year for day-patient surgery in a hospital, up to £600 a year in consultations, up to £600 a year for physiotherapy, osteopathy, chiropractic or homeopathy, and up to £2,000 a year in in-patient hospital stays. These private medical insurance policies all entitle policyholders to Bupa’s 24 hour nurse helpline.

Employees at companies with more than 250 employees can take out a policy from £93.50 a year, either as a company-funded, voluntary or flexible benefit.