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Engage Mutual’s one fund chosen by O2

Posted in: Corporate Last updated: 07 Dec 2012

Following a review of all flexible benefits by Buck Consultants, O2 has chosen Engage Mutual’s ‘one fund’ as its health cash plan option.

The one fund health cash plan will be made available on a voluntary basis to O2 staff across the UK. The employee-sponsored scheme began an enrolment programme in November.

A leading communications company for consumers and businesses, O2 is part of the Telefónica O2 Europe group and employs over 12,000 people in the UK.

David Castling, commercial sales manager for the one fund, stated:

“O2 was looking for something a little bit different to a traditional health cash plan, a fresh approach that would hopefully drive a better level of engagement.”

Engage Mutual’s unique one fund plan offers a choice of six premiums and can provide an annual fund of up to £1,000 per year. One fund is different in that rather than capping all benefit categories as with other health cash plans, only optical, dental and health screening benefit categories are subject to limits.

One fund provides cash back on the cost of treatment for a range of dental, optical, health screenings, consultations, and counselling, in addition to physiotherapy, osteopathy, chiropractic, acupuncture and homeopathy)with each benefit category subject to a £25 excess.

Castling continued,

“We are thrilled to be working with O2 and kicked off our relationship by taking part in a dynamic flexible benefits road show that provided an opportunity to talk with staff across the UK, and highlight the benefits of having the one fund plan in place to help meet the costs of their everyday healthcare.”