Family health insurance
Illness can be a distressing time, whether it’s you or a member of your family who is unwell. In many ways, the National Health Service (NHS) provides excellent care. However, many people have come to realise the benefits of taking out their own health insurance, particularly when it comes to avoiding waiting lists when non-emergency treatment is required.
Private health insurance (also known as private medical insurance) allows you to be treated by a private practitioner when you require treatment for an illness or injury. The costs of the treatment will be met by your insurance provider as long as you pay any excesses and keep up with your premiums.
When comparing different health insurance policies, there is so much to consider, besides the price. For example:
• A policy may limit the amount you can claim for certain conditions
• There may be restrictions on which hospitals you can go to for treatment
• Some policies allow for more specialist treatment, such as cosmetic surgery.
You can take out health insurance just to cover yourself, or alternatively you can opt to cover your entire family, giving you added peace of mind. The premium you pay will depend on the policy options you choose, the ages of the insured family members, their state of health, whether they smoke etc.
If you take out family health insurance, you can rest assured that your family will not need to go on to NHS waiting lists. Fees for diagnosis, consultations, in-patient treatment and out-patient treatment can vary from policy to policy so make sure you check your level of cover before you buy the policy. As listed above, there may be restrictions on the level of cover for certain conditions and on which hospitals you can visit. Something else you might think is particularly important is whether the policy covers the costs of you staying in hospital with your child should they require treatment, so make sure you check this as well. Check also that all members of your family are of the right age to be accepted under the policy.