Thousands of people in Merseyside will be left without money to pay for their funerals, when Medicash, a Liverpool based company withdraws it’s policy on April 1.
Under the Medicash plan, policy holders were entitled to a funeral benefit ranging from £500 to £1,500. Now, distressed pensioners who thought their funeral costs were covered, will have to find the money themselves.
The withdrawal of this benefit also means that over 100,000 members of the healthcare cash plan provider will no longer be entitled to payments towards rehabilitation at home and convalescence .
Medicash said the decision had been forced by a third party insurer deciding not to cover them for the funeral costs. Medicash’s interim chief executive Susan Weir said: "We have carried out extensive research into the needs of our 100,000 plus membership base and the changes we have made to our products are designed to reflect this."
Thousands left without funeral expense cover
Financial Services > Income lnsurance > News
Thousands left without funeral expense cover
Fri, 07 Mar 2008
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