Providing access to quality healthcare doesn’t have to mean offering full private medical insurance. A health cash plan is a flexible, affordable way to enhance your employee benefits package while supporting your team’s everyday health and wellbeing.
At Pineapple Insurance Services, we help businesses introduce tailored health cash plans that deliver real value—keeping your team healthy and your benefits package competitive.
What is Death in Service Benefit?
Death in service cover is a workplace benefit. If you die while employed by the company, your employer may pay a tax free lump sum to your nominated beneficiaries. This is known as a death in service payment, and it’s often linked to your company pension scheme. It’s typically calculated as two to four times your annual salary, but the exact amount depends on your employer.
These payments are usually made via a discretionary trust, which helps avoid inheritance tax and speeds up the payment process.
Life insurance cover is a personal policy you take out yourself. It pays a life insurance payout to your chosen beneficiaries if you pass away during the policy term. You choose the amount, the length of cover, and who receives the money.
Unlike death in service, your cover isn’t tied to your job. It continues regardless of who you work for, offering long-term protection that stays with you.
What is a Health Cash Plan?
A health cash plan allows employees to claim back money towards essential healthcare costs such as:
✔ Dental treatments
✔ Eye tests and prescription glasses
✔ Physiotherapy and chiropractic care
✔ Specialist consultations
✔ General medical expenses
These plans promote preventive care by making it easier for employees to address routine health needs—leading to better wellbeing and fewer sick days.
Why Offer a Health Cash Plan to Employees?
Today’s employees expect more than just salary—they value health benefits that make a tangible difference. A health cash plan shows your team that you care about their day-to-day wellbeing.
Key benefits include:
✔ Reimbursement for common healthcare expenses
✔ Simple claims process
✔ Access to added extras like GP services and wellbeing tools
✔ Support for both physical and mental health needs
Offering a plan is a powerful yet cost-effective way to show your commitment to your employees—without the complexity or cost of full private medical insurance.
Comparison
| Who provides the benefit? | Death In Service | Life insurance |
|---|---|---|
|
Who provides the benefit? |
You, through an insurance provider |
Your Employer |
|
Payout Amount |
Typically 1-4 times your salary |
Flexible, based on your needs & policy choice |
|
Medical Exam |
No Medical Exam required |
May require, depending on policy |
|
Cost |
Low cost or free (employer paid) |
Premiums based on health, age and coverage level |
While private health insurance is a great benefit, it isn’t always feasible for every business. Health cash plans are a practical alternative or complementary solution, ideal for:
• Small and medium-sized businesses
• Budget-conscious teams
• Companies looking to enhance existing benefits
They provide valuable support at a lower cost and with much simpler administration.
Not sure which route to take? Contact Pineapple Insurance Services—we’ll help you find the right fit for your business.
Boost Recruitment, Retention & Morale
Investing in employee wellbeing has a direct impact on business success.
A health cash plan can:
• Reduce absenteeism by encouraging early treatment
• Attract talent with an appealing, modern benefits package
• Improve engagement and foster a healthier, happier team
When staff feel supported, they’re more likely to stay loyal, motivated, and productive.
Modern health cash plans go beyond physical care. Many include services that support mental health too:
• 24/7 counselling helplines
• Access to virtual GPs and wellbeing portals
• Mental health support and stress management tools
These features are especially valuable in today’s workplaces, where emotional wellbeing is just as important as physical health.
Let Pineapple Insurance Services help you build a plan that champions both.
How Do Health Cash Plans Work?
It’s simple:
1. Choose a plan based on the level of cover you want to offer.
2. Employees gain access to benefits once enrolled.
3. When they use a covered service (e.g. dental or eye care), they pay up front and claim back a portion of the cost—up to set limits.
Claims are typically quick, easy, and processed online—making the benefit as user-friendly as it is practical.
Flexible Options for All Business Sizes
Whether you employ five people or five hundred, Pineapple Insurance Services will help you find a plan that works.
You can choose to:
• Fully fund the plan for your staff
• Offer it as a voluntary benefit that employees can opt into
• Integrate it with your existing benefits strategy
We’ll also help you communicate the plan to staff so they understand and use it effectively.
How Long Should It Last?
Policies are often linked to specific business needs—such as the length of a loan, a planned business exit, or a critical project. You might choose a short term (e.g. five years) or something more flexible depending on the risks involved.
What If the Key Person Suffers a Critical Illness?
Why Choose Pineapple Insurance Services?
We’re specialists in business health and employee benefits.
With us, you’ll receive:
✔ Independent advice from experienced brokers
✔ Guidance on comparing and selecting the right provider
✔ Support with implementation and communication
✔ Ongoing reviews to keep your plan relevant and valuable
Our goal is to help you build a benefit that reflects your company culture and supports your people.
Talk to Us About Health Cash Plans Today
At Pineapple Insurance Services, we understand that every business is unique. That’s why we tailor our advice to your workforce, budget, and goals—creating a health cash plan that makes a meaningful impact.
Contact us today to explore flexible, easy-to-manage options that boost employee wellbeing and satisfaction—without the complexity of full private medical insurance.
Let’s make health and wellbeing a priority in your workplace.
