You’ll need to decide what level of cover you want. A comprehensive policy will cover you for most eventualities without a cost limit. On the other hand, less expensive policies will set a cap on how much you can claim for, and these caps will vary according to the treatment involved.
Some insurance providers will also have a tiered pricing level and certain hospitals – for example, those within London – might bump up the cost of your premium. If this is the case, then it’s worth considering how far you’re realistically willing to travel in order to receive treatment.
You might also find other incentives to buy health insurance, such as price reductions on gym memberships as well as discounts on other types of insurance with the same provider.
If you decide on a very basic policy, take the time to read any exclusions and make sure that you’re comfortable with what’s included – you could find the list of covered out-patient treatment very limited, or it might not be included at all.
The cost of health insurance is likely to increase as you get older, so don’t be surprised if your premium rises after each birthday. This is partly due to inflation, but it also has to cover the cost of advances in technology and testing. Plus, as you get older, there is sadly more chance of you needing to make a claim.