Employees want benefits that extend to their whole family, in face of cost-of-living crisis

New data* from Health Shield Friendly Society reveals that 8 in 10 employees would like their employer to extend benefits to the whole family. The Society is calling on employers and intermediaries to help raise awareness of the fact that not only are Health Cash Plans cost effective enough to extend to whole workforces, thereby supporting diversity and inclusion goals, but that benefits can be extended to employees’ family members.**

In fact, 1 in 5 of Health Shield’s claims are already for a family member.

Health Cash Plans can help cover the costs of everyday, essential healthcare needs at a time when salaries are being stretched to the limit, says Health Shield. More than 8 in 10 employees have already reduced their spending on everyday healthcare costs, including optician’s appointments, dental services and physiotherapy, according to this latest survey.

Nearly all (98%) of employees surveyed thought that companies should support their employees with their health and wellbeing, with everyday healthcare support coming second only in importance to training and development.

These new findings come against a backdrop of 7 in 10 (72%) employers planning to introduce more benefits to support Diversity, Equity and Inclusion (DEI) goals this year. †

Paul Shires, Commercial Director at Health Shield, commented: “Health Cash Plans have long been used to support the everyday healthcare needs of not only the employee, but also their family members. It’s an incredibly valuable aspect of what we do – and notable that 1 in 5 of our existing claims are already for a family member.

“The low price point of Health Cash Plans makes them potentially accessible to entire workforces, and entire families of entire workforces; arguably making them one of the most DEI friendly benefits around.

“What’s more, they are there to be used; on an everyday basis. It’s hugely worrying that people seem to be cutting back on the things that matter most – their basic healthcare needs – during the difficult times we all find ourselves in right now, as a result of the cost-of-living crisis. But employers are really well placed to help.”

Health Shield has published a free eBook on ‘Supporting workplace wellbeing’, available here:https://info.healthshield.co.uk/cost-of-living-ebook

Sources:

*Snapshot survey, carried out by Health Shield with Survey Monkey in September 2022, amongst 590 people in full- or part-time work; and with a cross-section of regions, gender and age.

**Dependent children can be added at no additional cost. Partners can be added for an additional cost.

†Aon Benefits and Trends Survey 2022

About Lisa Baker, Editor, Wellbeing News 4416 Articles
Editor Lisa Baker is passionate about the benefits of a holistic approach to healing. Lisa is a qualified Vibrational Therapist and has qualifications in Auricular Therapy, Massage, Kinesiology, Crystal Healing, Seichem and is a Reiki Master.