Benenden’s subsidiary Friendly Healthcare Organisation Ltd has joined with Engage Mutual to offer this health cash plan aimed at UK resident individuals aged 66 and over (it already has another plan for those 65 and under) and has no upper age limit at outset or later. For joint plans, both lives must be aged 66 or over. Premiums start at just £10 a month and there are three levels of cover available, providing the following maximum annual benefits:
Benefit Level 1 Level 2 Level 3
Optical 100% of cost, up to £40 £80 £110
Dental 100% of cost, up to £45 £85 £135
Complementary therapies (chiropractic; acupuncture; osteopathy, and homeopathy) 100% of cost up to: £80 £160 £249
Subject to maximum visits pa 3 6 9
Hearing aid 100% of cost
up to: £75 £150 £225
Hospital inpatient benefit – £10 £20
per night, up to a max
of 10 nights a year
Hospital day surgery
max 10 days pa – £5 £10
A Level 1 plan costs £10 a month (for single lives; joint plans, which include full cover for a partner, cost £19.50 a month and offer the same benefits to both insured persons), Level 2 costs £20 a month (£39.50 joint) and Level 3 plans cost £30 a month (£59.50 joint). All pre-existing conditions are excluded, and there is a three month initial waiting period that also applies if a partner is added or if benefits are increased. However, Engage Mutual may waive this qualifying period, according to the plan’s literature.
What They Say
Marketing and business strategy director Marc Bell said: "With the addition of the 66+ cash plan, Society members of all ages now have the opportunity to apply for a cash plan product. The cash plans, together with our ever-improving core product, gives a whole new level of healthcare reassurance."
What We Say
"At a time when simplified products are (or should be) on everyone’s agenda, it is worth reminding ourselves that some products have long fallen into this category. We applaud Benenden (and Engage) for targeting older people too, offering a plan that offers the benefits most suited to (and affordable to) older people.
"As with other products reviewed recently, we do feel that all insurers should now explain exactly what they mean by exclusions such as not covering pre-existing conditions. That is especially important for older customers, who are more likely to have pre-existing conditions. All that is needed is a full explanation and an example or two of what is meant by a term that many people outside the insurance world simply never use. That said, this is a simple and appealing plan that offers relatively low benefits, but at affordable premiums too."