This plan is a new type of product that aims to help employees who have been in hospital. There are two key elements to the plan:
* Personal homecare and assistance. Delivered by Intana (part of Collinson’s) the first part of this element is personal care assistance in the patient’s home. That can include help with bathing and toileting, getting dressed and undressed, hair care, teeth cleaning, personal hygiene and help with general health needs and taking medication. The second part of this element is personal homecare and assistance during the 14 days after being discharged from hospital. That can include assistance with cleaning and light household duties, laundry, ironing, food and prescription shopping, preparing meals and feeding assistance. Those items are examples of what the plan will cover rather than a definitive list.
* Practical advice and emotional support from RedArc nurses. This applies for an unlimited period, with the RedArc nurse effectively acting as a health coach and expert friend, helping the patient develop a ‘get well, stay well’ plan and supporting them to stay on track. This element of the plan also includes information and medical advice.
There are three differently priced versions of the plan:
* The Main version costs £10 per member per year (pmpa) and provides up to two hours care a day for up to 14 days if the member has been in hospital for at least 48 hours. All premiums shown include IPT.
* The Enhanced version costs £11.25pmpa and provides up to three hours care a day.
* The Essential version is the least expensive version, costing £9.15pmpa. It provides up to two hours’ care a day but unlike the other versions, the patient must have been in hospital for a minimum of 72 rather than 48 hours to qualify for help.
Benefits can be accessed after a UK hospital stay and that includes mental health admissions but excludes stays relating to pregnancy. Partners or spouses can also be covered (but not children) under the plan at a similar cost. Punter Southall believes the plan is likely to be treated as a P11D benefit if sold as an adjunct to PMI. However, if sold standalone, the scheme should escape any P11D charge under the ‘de minimis’ rules. As with all employee benefits, the tax treatment is to some extent dependent on the employer’s tax office.
Employers can choose a rostered or non-rostered scheme. If non-rostered, just a declaration of eligibility and the numbers on a normal opening and closing basis are needed for the employer to receive its certificate and policy schedule. If rostered, an Excel spreadsheet of members is also needed.
What They Say
Executive director Jan Lawson said: “Being medically well enough to leave hospital is not the same as being better. Extra support after returning home is often necessary, but rarely provided. Everyone is different and this product combines practical help, emotional support and a personalised ‘Get well, Stay well’ plan for an unlimited period.”
What We Say
"Leaving hospital after an inpatient stay can feel like anything but the end of the process. Patients are often left to fend for themselves or the family or friends are called upon to help. Even there, such people may be helpful but inexpert, so gaps can and do arise frequently.
"Punter Southall’s plan, which is available through advisers who hold an agency with it, provides practical help and additional support. Some of that help is time limited, but the RedArc service is open ended.
"Is there a need and is it good value? As the basic plan costs just £10 a year per member (you can’t buy a lot of care for that) you don’t need many employees needing help after being discharged to more than cover the small annual cost.
"Getting workers who have had to go into hospital ready and able to resume work as quickly as possible by giving them expert focused help when they’d otherwise probably be left on their own makes a lot of sense."