Analysis: Why do employees rate health cash plans so highly?

clock • 7 min read

Health cash plans have become the second most popular employee benefit according to the 2017 Willis Towers Watson Employee Benefits and Wellbeing Index. Fiona Murphy looks at why this is the case compared to its sister PMI market.

Willis Towers Watson's annual index recently found that 12% of respondents valued health cash plans the most - two-thirds (66%) of whom earn less than the national average salary. Cash plans beat health insurance and other types of employee benefits such as life cover (which came in third and fourth place in the index respectively), but still, as you might expect, trailed behind pension schemes, which 32% of respondents valued. Interestingly from a wellbeing perspective, health screenings (9%) also made the top four. Despite efforts to promote mental health in the workplace and ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on PMI

Unum UK director joins amii executive committee
PMI

Unum UK director joins amii executive committee

Paula Coffey joins

Cameron Roberts
clock 18 August 2025 • 1 min read
Circle Health Group promotes Paul Manning to CEO
PMI

Circle Health Group promotes Paul Manning to CEO

Focus on expanding the group’s hospital network

Jaskeet Briah
clock 17 July 2025 • 1 min read
Cancer: Can the industry make a difference?

Cancer: Can the industry make a difference?

"Treating the cancer is only half the battle"

Seema Dadhania and Emma Thomson
clock 16 July 2025 • 3 min read