The Main Difference Between A Cash Health Plan and Medical Insurance
Friday, April 30th, 2010A cash health plan is a low premium healthcare plan that pays money towards a variety of different treatments. Cash is paid out if you are taken into hospital or need to see a specialist, require treatment at the opticians or dentist or wish to make use of alternative therapies such as acupuncture of treatment like physiotherapy. Cash health plans are there for the everyday health expenses we all expect to have to spend money on.
Generally cash health plans encourage the policy holder to receive early treatment and sort out any small health/ dental or optical problems before they become more prominent. Some plans offer extra privileges such as home help after illness, critical illness and injury cover and help towards funeral expenses.
The general method of payment for these plans is via direct debit on a monthly basis with a contract being set up.
The main difference between health insurance and a cash health plan is that medical insurance will help pay the cost of both treatment and appointments whereas a cash health plan will not pay out for as much. Cash health plans are often offered as a corporate healthcare scheme.
Originally health cash plans were just for use in hospital but now they are much more useful and are becoming much more popular.
There are certain restrictions with cash health plans as they are there purely to help with the cost of treatment rather than to arrange treatment. Finding where to have the treatment and arranging appointment times is up to you.
Generally most cash health plans do not cover all of your expenses and they also come with an annual limit of what you can spend. At the start of your policy you will usually need to have been paying into your agreement for between three and six months before you are eligible to claim for any treatments.
It is a good idea to take advantage of a health cash plan as it means you will always have help with the cost of remaining healthy. A cash plan is a good idea if you require basic cover for day to day health care.