Private Medical Insurance
What is health insurance?
Health insurance, often also referred to as private medical insurance, gives you access to private healthcare for conditions that develop after your policy has started.
One of the main benefits of health insurance is the speed of access to medical treatment. You’ll pay a monthly premium which covers all or some of the costs for your treatment. You’ll be covered for conditions that begin after joining which can be cured. These are knows as acute conditions
The environment you’ll be treated in will vary depending on where you’re located and the type of treatment you need. You could be treated in a private hospital, health centre or private section of an NHS hospital.
What does health insurance cover?
The level of cover you’ll get will depend on the policy you take out. For some policies, you’ll need to go through initial diagnosis and get a referral from the NHS before you’re able to claim any private treatment. Other more comprehensive polices include consultations and tests to help diagnose your condition.
The most suitable level of cover will vary based on your reasons for taking out health insurance. If you’re looking for peace of mind, a comprehensive policy that covers you from diagnosis to aftercare might be what you’re looking for.
Alternatively, if you’re happy to be diagnosed by the NHS but would like private health care, a more treatment focused package might be better suited to you.
What are the benefits of health insurance?
There are several benefits of taking out health insurance. In the event that you develop a condition, you can relax in the knowledge that you have quick access to the treatment you need to help you back on the road to recovery.
Some private healthcare providers also offer benefits even when you’re not unwell, such as gym memberships, wearable tech offers and entertainment discounts.
Why should I compare health insurance?
It can be tricky to know what to look out for when you’re choosing health insurance. The level of care you need will depend on your lifestyle and the areas of your health you’re most concerned about. You’ll also need to consider your budget.
This is why comparing different health insurance policies can be useful; by getting quotes for different levels of cover you’ll be able to compare the costs against the benefits so you can make an informed decision.
When contemplating your options, you might want to look for a package with the following:
- Hospital treatment paid in full
- Outpatient therapies paid in full
- Aftercare paid in full
- Post treatment tests and scans paid in full
It’s important you fully understand the health insurance policy you’re considering before joining. You’ll need to know what it includes and excludes to be absolutely certain that it meets your needs. Most health insurers also offer the option to set up couple and family policies too.
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