Myths and Facts About Private Health Insurance


Your  health  is your most valuable asset, and you can’t put a price on it. But many people believe that medical insurance is a luxury they can’t afford. This article will clear up some of the common misconceptions about  health  insurance, and help you save money on your premiums.

Myth #1: “ Health  Insurance is really expensive”

With  health  insurance, your premiums will directly affect your level of cover. But there are other ways to save money on your  health  insurance policy without sacrificing your policy. Increasing your excess is a way of reducing your premiums dramatically.

You can also save money with a six week wait option, with which you can be sure you will never wait longer than six weeks for treatment. This option can cut your premiums by as much as one third, although it may mean receiving treatment on the NHS.

Myth #2: “I get good service from the NHS, I don’t need  health  insurance”

‘The postcode lottery’ refers to the huge variation in NHS hospitals across the UK. Whilst some hospitals are reaching their waiting list targets, many are falling below the acceptable standard.

Check out your local NHS hospital to see what they are doing well, and what they are doing badly. When choosing a policy, make sure it supplements the service you already receive on the NHS. If your local hospital is not hitting its waiting list targets,  health  insurance will allow you to bypass the queues.

As well as supplementing the NHS,  health  insurance gives you many extra benefits to make your recovery quicker and easier. Private rooms give you privacy and dignity with the use of extra facilities. You are also less likely to catch one of the super-bugs prevalent in NHS hospitals, like MRSA and C- Difficile.

Myth #3: “It will take me a long time to find a policy”

Comparison websites are a quick and easy way to find a tailored quote online.

Before using a comparison website always check the homepage for a demonstration or written description of the service they provide. If they don’t have one, the company may take your personal information and sell it on.

In addition, always check the bottom of the page for an FSA authorised registration number.

Myth #4: “It will be really difficult to make a  health  insurance claim”

Making a  health  insurance claim is easier than you might think. It takes just a few simple steps to arrange your private healthcare.

• If you suspect something is wrong, visit your GP, who will decide whether you need to be referred to a specialist.

• Let your  health  insurance company know that you want to make a claim, and they will confirm the details of your condition and treatment.

• Finally, make an appointment with your specialist, who will arrange payment directly with your insurer.

Using a broker is a good way of making this process easier. Not only will they give you impartial advice on your quotes, they are also always on hand to assist you with any claims in the future if the insurers are reluctant to pay out.

Myth #5: “I won’t be covered for serious illnesses like cancer”

In fact, whilst it’s true that there is no simple cure for cancer, it can respond well to treatment in many cases. Most insurers offer a range of products with different levels of cancer cover.

Nowadays  health  insurance is moving away from the traditional one-size-fits-all approach. Your core cover can be supplemented by a choice of additional policies, such as cancer care.

A  health  insurance comparison website will clearly show all the options from each insurer so you can choose a policy that suits your requirements.

Myth #6: “I won’t be covered for illnesses I’ve already got”

It’s true that  health  insurers will not cover you for pre-existing conditions. However, Moratorium (MORI) plans could provide cover for these conditions in the future.

Generally you will not be covered for any conditions that you have had in the previous 5 years but you could regain cover for those if you have a period of two consecutive years after you join where:

• You haven’t had any medical treatment or advice.

• You haven’t taken any drugs or medicines.

• You haven’t followed any special diets in respect of your pre-existing condition during that time.

Myth #7: “I won’t be able to switch policies after I’ve bought one”

You will be able to switch policies and insurers after you have taken one out on a Switch/ CPME (continuing personal medical exclusion) basis. The insurance company will continue to cover conditions that arose since you took out your old policy, and will not add any extra exclusions.

Source by Chloe Hibbert

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