Comparing private medical insurance
The idea of someone in your family developing a health condition is a worrying one. It’s something that many of us would rather bury our heads in the sand than think about.
But what if one of you needed urgent or specialist treatment for a health condition? Would you like to have the option of UK private health insurance to call on?
What is private medical insurance?
How it works is that you pay a premium each month, much as with other types of insurance. Then if you do need medical treatment privately, you contact the insurance provider to make a claim, which covers the cost of a hospital stay and any therapies needed. Like car and home insurance, you’ll need to pay an agreed excess when you make a claim and existing conditions are excluded.
Some people choose private medical insurance companies for access to the care they might need without the worry of waiting lists. In some cases going private might help with other restrictions in the NHS, like access to certain drugs.
But how do you go about choosing the right medical cover? To understand the costs and what’s included, a good start is to compare private medical insurance with a site like this one; click below to start to compare.
Finding the best private medical insurance for you
We’ll ask you a few guided questions, and then provide you with a list of private medical insurance quotes and what they offer.
If you need more advice, call our free support phone line on the number above to speak to an independent expert. They can help you find the health cover that’s right for you.
What’s the cost of private medical insurance?
There’s no simple answer to this question because, as usual, it depends what you want. Most policies will cover essential treatments, but if you’d prefer to be able to choose from a full range of specialist therapies and complementary medicines, you might choose to pay more to get comprehensive health cover.
The good news is that if you’re in pretty fine health, certain policies might reduce their costs if you can demonstrate that you lead a healthy lifestyle, say if you go to the gym regularly. Just having a membership card might not be enough!
You could reduce the cost of your cover by choosing a higher excess. Once you’ve completed your private medical insurance comparison, you could try changing the options to reduce the price. As with home and car insurance, you can choose a voluntary excess – the higher this is, the lower your monthly payments might be. Just make sure you can afford the excess, should you need to make a claim.
Another type of medical insurance is the health cash plan, which contributes towards your routine healthcare costs. These plans pay out a cash sum when you visit a medical practitioner, like the optician or dentist. Just be sure to check the terms and conditions.
Things to think about when choosing a policy
Medical insurance policies often have different pricing levels. Access to London hospitals might be the most expensive, for example. So if you live in an expensive area you might want to think about how far you’d be willing to travel for treatment.
And when you have found a decent private medical insurance quote, find out what that policy will pay out for before you buy.
If you choose a very low cost plan, the chances are it might only pay hospital admission costs, not outpatient costs. Remember that not every health condition will require a stay in hospital – many treatments can be done in a day and these wouldn’t be covered; it’s worth reviewing the policies in detail to make sure your needs are covered before you buy.
Our comparison page makes it easy to look at the different policies available and what’s included, so why not get started straight away by clicking above?