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Essential plan from L&G

Legal & General has made its healthcare cash plan, essentials cash, available to the IFA market.

Essentials cash is being targeted at the group market as part of employee benefits packages. It gives clients a choice of three levels of cover which can be taken out for a single person or couples with families.

The plan aims to provide employees with cash towards the cost of treatment including optical care, dental care, alternative medicine and hospital stays.

For single people, the monthly premiums range between £11.50 and £23. Family cover is available at between £22 and £37.

Norwich Union&#39s company cash plan is a similar but cheaper product in that monthly premiums start at £10 for the lowest level of cover for a single person. Essentials cash has better benefits for optical and dental care, but company cash plan has greater benefits for hospital stays and maternity.

Like L&G, Norwich Union offers a maximum of £50 towards optical costs, But this represents up to 50 per cent of the total costs under company cash plan whereas it is 100 per cent with essentials cash.

Essentials cash offers £5 per night more towards the costs of a hospital stay compared to the company cash plan, but it will do this for a maximum of 50 nights whereas company cash plan pays out up to 60 mights. Maternity benefit is higher with company cash plan at £200 per child, compared to £150 with essentials cash.


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