How Do I Make A Claim For Treatment?
The general route to a claim is:
- Have an eligible treatment as listed in your policy documents.
- Pay as you normally would for this, collecting a receipt detailing the exact treatment you’ve had and the person / practice who provided the treatment.
- Submit your claim with the insurer — you can do this online, via the insurer’s mobile app or even by printing a physical claims form and posting it in.
- The insurer pays the agreed cash amount towards the treatment you’ve directly into your bank account, usually within 4-7 working days after receiving the claims form.
You may wish to check with the insurer that the policy covers the treatment you’re seeking, as well as the level of cover the insurer offers for that treatment.
Initial Excess Period
When you first take out the policy, you may have to wait out an excess period before you can make a claim. This will depend on your insurer, but it could be as long as 6 months.
How Does HMRC Tax A Business Health Cash Plan?
Companies providing Health Cash Plans can typically offset the cost against their corporation tax bill. Generally, premiums are a tax-deductible business expense.
However, such plans are a P11D / benefit in kind. You’ll therefore need to pay employer’s National Insurance contributions on the benefit.
As it’s also a P11D / benefit in kind for employees, staff must pay additional tax as a result of having the policy as well. To achieve this, HMRC reduces a worker’s annual allowance — the amount they can earn before HMRC deducts tax — by the same amount as the premiums a company pays on their behalf.