Medicash Healthcare Cash Plan

These pages reproduce internal policy documents, which may change from time to time and which apply to UK employees only.

Where there is a difference between these pages and the policy documents on Confluence, the policy documents shall prevail.

Medicash Health cash plan offers you reimbursements on everyday healthcare bills, like trips to the optician, dentist or physiotherapist. If you choose to opt in to this benefit, you can also add dependants to the plan and it even covers pre-existing medical conditions and worldwide cover is available for most benefits.

Claiming reimbursement is really simple and can be done either using a paper claim form or online. Your claim will be processed within one working day so you should have the money transferred back into your account usually within 3-4 working days.

iwoca pays for Level 1 Medicash cash plan cover, you can upgrade the plan at an extra cost, if you wish. You can find a selection of reimbursement examples in the below table:

Level 1 cover

Level 1 cover

Benefits

Level 1

Optical

£50.00

Physical Therapy Treatments

£150.00

Dental

£100.00

Dental Accident

£200.00

Chiropody

£35.00

Health Screening

£250.00

There are no rows in this table

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As medical insurance is considered a benefit in kind, it is taxable, meaning iwoca will be payrolling the tax of these for anyone that signs up for those benefits.

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