Cost of living pressures push up claims at Paycare

Cost of living pressures have driven up claims at health cash plan business Paycare. Premium income increased by 5% to £6.7m in FY23, partly due to the transfer of policyholders from Orchard Healthcare following its closure in November 2023. However, the number of claims was up 8.1% while the value of claims rose by 1.2%…