Your Currencycloud Cashplan

The ever-rising costs of healthcare are well known in the media and Currencycloud has worked closely with us as your Benefits Advisers to hold down costs wherever possible, as well as enhancing benefits whenever possible.

There are many additional benefits with the Cashplan from from Simply Health, the Scheme Provider.

Simply Health – Offers

Importantly, please see below how you have also been provided with a mechanism for reimbursement of the Claims Excess.

At the same time, Currencycloud has enhanced your Healthcare Cashplan with this cover with Simply Health.  The advantages include facilitating a cash payment to you for Claims Excesses that you incur on the Vitality Healthcare Scheme.

Therefore, you have two Insurers for your healthcare schemes at Currencycloud, as follows:

  • Main healthcare scheme remains with Vitality
  • Cashplan scheme with Simply Health (as from 1st April 2020)
Click Here to see the Tax Calculations for Premium Costs

Healthcare Scheme Details

You will be receiving your Healthcare Certificate of Membership by email as usual, usually during the second week of April.  Please read this so you can check it is up to date, this will show the 2020/21 costs and persons covered.

Should you notice anyone in your Family not named on the Certificate of Membership, who you believe should be covered, please contact your People Team contact straight away to update this as soon as possible.

Simply Health Optmise Cashplan

You can see in the table below that the majority of Cashplan benefits are superior with your new Scheme and, importantly provide cover for the new BUPA Healthcare Scheme’s new Annual Claims Excess.

Type of Benefit Simply Health Cashplan  £
Sight tests, glasses and contact lenses 125
Everyday dental treatment – hygienist’s fees, fillings and more 125
Dental treatment needed as a result of an accident 450
Seeing a Chiropractor, Osteopath, Physiotherapist or Acupuncturist 275*
Seeing a Chiropodist, Podiatrist or Reflexologist 75*
Finding out what’s wrong – appointments with a consultant, plus tests and scans 450
NHS and private prescription charges 30
Healthcare Claims Excess Cover (included) Full up to 300

* Simply Health limit is £275 plus £75, so up to £350, as Chiropody and Podiatary are separately included, as well as also Reflexology.

Example claim for out-patients diagnostic tests at £1,300
Claims excess £250 – reclaim from Simply Health Cash Plan

Out-Patient claim on Healthcare Scheme £750 (i.e. £1,000 limit less £250 claims excess).
Claims under diagnostic tests on Simply Health Cash Plan for £300 balance
The diagnostic limit on Simply Health Cash Plan is £450 per year and so the above means that you could have potentially up to a total of £1,450 to claim and it would cost you nothing at all.

How does the Claims Excess work?
This is where you are asked to pay the first part of any healthcare cost claim(s), for an insured benefit in your Healthcare Scheme, up to the total of £250 in any Scheme Year.  Your Scheme Year runs from 1st April to 31st March annually.

It is important to understand that there is just the one Claims Excess per person covered, per scheme year.  This means that if you have Family Cover, for example a Partner with 2 children, the first £250 of any specific Person’s claim made in a Scheme Year is payable by you for each individual covered.
Should a claim be for less than the Claims Excess, the remainder is carried forward during the year against any future claims that Scheme Year.

You can obtain reimbursement of your Claims Excess paid out by claiming on the Simply Health Cashplan (see below).  This provides the Member and their Partner with a full 100% refund each (for the Healthcare Scheme’s full amount of £250 for each).

For any Children included, the Claims Excess cover limit with the Simply Health scheme above of £300 is shared between them.

To clarify, one Child claiming is covered in full, as the Healthcare Claims Excess is £250 for the year maximum.  This results in the second Child – if claiming in the same Scheme Year as the first – would have £125 (or more, subject to the amount already used on the first Child claiming) remaining Claims Excess cover available towards any excess becoming due.

The Claims Excess applies to all Healthcare Scheme claims, including Out-Patient visits (e.g. for diagnostic consultations or tests), as well as both Day-Patient and In-Patient treatments.  The Simply Health Scheme provides comprehensive reimbursement, regardless of the type of Healthcare Scheme claim.

How to join the Simply Health Cashplan

You will receive an email from Simply Health to your work address, which must be actioned upon.  It will direct you to the log-in page to create your account and you will find your documents available in PDF format once logged-in.

You will see the really useful WellBeing Portal once you are logged-in with a great deal of helpful information and access to advice.  We sincerely recommend that you browse this free Member Website from Simply Health, so you get the most out of your Membership.

Not a member of the Cashplan Scheme already?

Should you be a Member of the Healthcare Scheme and not in the Cashplan Scheme, we recommend that you join the Simply Health Scheme as:

  • it is inexpensive
  • great value
  • and is the only way to ensure you can be reimbursed for the Healthcare Scheme Claims Excess now being introduced.

To join, email Ralitsa@pattersonmills.com and you will be provided with a personal costing and you can let Ralitsa know if you would like to start your membership.

Downloadable PDFs:

Back to Your Healthcare Scheme Page