Buying private medical insurance (private
How does private medical insurance work?
Private medical insurance premiums are paid on a yearly, quarterly or monthly basis, and give you the choice of going private if you don’t want to be treated on the NHS.
What types of cover are available to me?
How can I save money on my PMI policy?
Excess: reduce the premium by volunteering to pay the first part of any claim up to a fixed number of pounds
Co-payment: reduce the premium by volunteering to pay a percentage of any claim
Six week wait: If the NHS can provide treatment within six weeks, you will be treated on the NHS. If not, you will go private straight away.
Reduced hospital cover: don’t pay extra for hospitals that you don’t need.
Will my premiums increase as I get older?
Yes, your premiums will increase as you get older, because you are more likely to make a claim on your policy. The increase will depend on your insurer and your policy.
Will I be covered for illnesses I’ve already got?
However, if you go treatment, symptom and advice free for two continuous years after the start of your policy, your insurer will reinstate cover for that condition.
Only patients with comprehensive cancer cover will have access to certain treatments on their policy, like re-constructive surgery, stem cell transplantation, biological therapies and hormone therapies. Patients with basic cancer cover may only be able to claim up to a certain annual limit, such as £30,000.
A good comparison website will show you the full details of each
Since pregnancy is not considered an illness,
Will I be covered for a chronic condition?
If the chronic condition develops after the start of the policy, cover will be provided to stabilise the condition.
Your insurer will pay for any treatment to stabilise the condition.
If a condition is declared chronic, no further cover will be available for the ongoing management of the condition.
However, if there is a sudden deterioration of the condition (an acute flare-up), the policy will cover its stabilisation.
What happens if I have a medical emergency?
Medical emergencies are not covered by
Source by Chloe Hibbert