Health plan provider Medicash has reported its total number of policyholders rose to 482,000 during 2022, a 35% increase compared to the previous year.
Medicash recorded a net increase of more than 125,000 new policyholders throughout last year, the highest yearly increase in its 150-year history. The provider attributed the growth largely to the increased awareness of employee benefits among UK workers, particularly during the ongoing cost of living crisis. Paul Gambon, sales and marketing director for Medicash, said that employers have increasingly sought to support the physical and mental wellbeing of their staff throughout the economic volatility. He also detailed that Medicash sold on average "one new policy every two minutes...
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