A New Type of Protection Insurance
Our plans provide budgets of money designed to alleviate out of pocket costs of medical treatments
Medical Recovery Insurance is a new type of insurance protection. Not to be confused with private medical insurance, our plans provide budgets of money designed to alleviate the out of pocket costs of undergoing an operation or a medical procedure, whether the procedure is performed in the state sector or privately.
Benefits are provided according to the normal expected recovery time of a medical procedure and have been based on research and consensus guidelines in conjunction with Working Fit Ltd, a UK based consultant-led independent provider of advice on occupational health.
In developing the product, the company has based its research on OPCS Classification of Interventions and Procedures. OPCS is a procedural classification for the coding of operations, procedures and interventions performed during in-patient stays, day case surgery and some out- patient attendances in the UK.
Our Schedule of Procedures
All operations and medical procedures covered by Medical Recovery Insurance are allocated into four classifications based on the normal expected recovery and return to light work as follows:
- Recovery and return to light manual work in a few days
- Recovery and return to light manual work in around to two or three weeks
- Recovery and return to light manual work in around one to two months
- Prolonged recovery
Because of the unique 4 category approach, the company has been able to develop its own unique and proprietary Schedule of Procedures which lists all operations and medical procedures covered by the policy and determines which benefits are payable for each procedure.
Medical Recovery Insurance therefore represents a unique approach which differs from traditional Hospital Cash Plans (which typically provide a small cash amount for each night’s stay in hospital) by providing benefits which reflect the normal recovery time for each procedure.
Since the benefits payable under a MediCheque policy are for the recovery as opposed to the cost of an operation, benefits can be amended to suit different audiences and budgets.
Generally our starting point is the preferred premium cost which we then design a benefits table around.
We can also create different levels of cover. For example, a company may wish to offer just one level of cover - or several.
Supporting Key Individual Customer Segments
Self-Employed Customers
Self-Employed Customers
Self-Employed Customers
For self-employed individuals, time away from work due to a medical procedure can have an immediate and significant financial impact.
MyRecoveryCheque provides:
- Short-term income support aligned to recovery periods
- A simple alternative or complement to income protection, particularly where short-term cover is limited
- A highly relevant product for underserved segments
Employed Individuals
Self-Employed Customers
Self-Employed Customers
Employees are increasingly exposed to income gaps during periods of medical absence.
This solution:
- Complements statutory sick pay and employer schemes
- Addresses the short-term absence gap often excluded by traditional income protection
- Provides additional financial support during recovery, improving overall employee resilience
Non-Working Customers
Self-Employed Customers
Non-Working Customers
Customers not in formal employment still face real financial strain when recovering from medical procedures.
MyRecoveryCheque enables:
- Coverage for out-of-pocket recovery expenses
- Support for childcare, home assistance, or wellbeing needs
- A broadening of product relevance beyond income-based protection
Medical Recovery Insurance for Businesses
Supporting Employer Sick Pay Strategies
Supporting Employer Sick Pay Strategies
Supporting Employer Sick Pay Strategies
Many employers face challenges balancing employee wellbeing with the financial burden of sick pay.
Medical Recovery Insurance enables insurers to offer clients:
- A cost-effective alternative or supplement to enhanced sick pay schemes
- Financial support to offset Statutory Sick Pay (SSP) obligations
- Flexibility to fund additional sick pay benefits or temporary staff cover
Inclusion of Occupational Injuries
Supporting Employer Sick Pay Strategies
Supporting Employer Sick Pay Strategies
In addition to medical procedures unrelated to employment, the product also supports employers in managing occupational injury-related absences.
Cover includes:
- Common workplace injuries such as fractures, soft tissue repairs, and lacerations
- Benefits aligned to expected recovery periods to light duties or return to work
This enhances the product’s relevance as a broad workforce protection solution, rather than a narrow health-only offering.
Structured, Scalable Benefit Design
Supporting Employer Sick Pay Strategies
Structured, Scalable Benefit Design
The product is designed for simplicity and adaptability across employer segments:
- Different levels of cover aligned to different salary bands
- Benefits structured across four recovery durations:
- Short absence (a few days)
- Medium absence (2–3 weeks)
- Extended absence (1–2 months)
- Prolonged recovery
This structured approach ensures:
- Ease of underwriting and pricing
- Clarity for employers and employees
- Consistency in claims outcomes
An Example of a Medical Recovery Insurance Plan
