Trusted Financial Advice
Private Medical Insurance
There’s nothing more important in life than your health and the health of your family. If you or your loved ones were to experience worrying symptoms, private medical insurance can offer reassurance and control at a difficult time.
What is Private Medical Insurance?
Private medical insurance (often also referred to as health insurance) gives you access to private healthcare for conditions that develop after your policy has started. One of the main benefits 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 known 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.
Do you need Private Medical Insurance?
Private Health Care can give you that extra peace of mind and if you can afford to pay the premiums you might decide it’s worth paying extra to have more choice over your care. Benefits include:
What does it cover?
The level of cover depends on your individual policy but basic health insurance usually covers the costs of most in-patient treatments and day care surgery. Other policies extend to out-patient treatments. Some comprehensive policies include cover for extra treatments such as mental health, depression and physiotherapy.
When does it pay?
Once confirmed with your policy provider, the insurance enables you to claim for the cost of the private medical care rather than paying for it yourself.
How much does it cost?
The cost of private health insurance varies by provider and by the level of cover you require. Factors that affect your premiums include:
