Pinnacle Insurance has introduced optident, a corporate healthcare cash plan that only covers the cost of dental and optical treatment.
There are five levels of cover available for single adults, couples and children. Monthly premiums for single adults range from £6.50 to £32.48, depending on the level of cover selected. The cost of cover for couples is £13 to £64.95 and between £4.33 and £21.65 for each child.
Members get 100 per cent of the cost of an eye test up to £20 on all levels of cover. Up to 75 per cent of the cost of the optical benefit is paid between £60 per person and £370 per person. Up to 75 per cent of dental benefit is provided between £60 and £500 per person.
The maximum accidental dental cover is between £2,000 and £10,000 per person. Emergency dental cover ranges from £120 to £600 per person and members also have access to a free 24-hour medical helpline.
Optident may be useful as a top-up for private medical insurance (PMI) plans taken out by employers for their staff, which may not include dental and optical benefits. Some cash plans, such as Standard Life Healthcare's company cash plan offer a wider range of 24 benefits, including cash towards specialist consultations and hospital stays for slightly cheaper premiums.
Monthly premiums start from £6.30 a month with the company cash plan and children are covered free but is restricted to half the adult benefit. However, company cash plan's benefits may overlap with existing PMI cover, so may not be as cost-effective as optident for some businesses in the long run.