Hospital cash plans are a cheaper alternative to Private Medical Insurance, and are designed to pay you a specific amount of money if you are required to stay in hospital; whether you are treated privately or on the NHS. This is to provide cover for day-to-day living expenses of yourself or your family, or to cover additional expenses such as childcare, travelling or accommodation costs.
Some plans may also pay out up to a given limit for certain types of medical treatment, such as visits to the dentist or optician. Any money paid out as the result of a claim under a cash plan is normally paid tax-free.
Benefits
The following table shows the benefits typically offered by Hospital Plans: