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What is Private Medical Insurance?

Health insurance covers medical expenses for illnesses, injuries and conditions. It can pay for quick diagnosis, such as X-rays, and prompt treatment of acute illness or injury including operations and aftercare. Customers are offered a choice of grade of hospital from private patient rooms in NHS hospitals to top private hospitals. that could be administered in a private hospital or as a private patient in a NHS hospital.

How does Private Medical Insurance work?

If, after visiting your GP with a health concern, they recommend you need further tests or make a diagnosis, they will make a referral. At this point your plan will ensure you get fast access to specialists, doctors, and consultants at a private hospital or NHS hospital (depending on your plan).

How much does Private Medical Insurance cost?

The price depends on age, location and medical history.

Most frequently asked questions:

Why should I get insurance from a broker and not directly from an insurance company?

While many insurers do offer insurance cover direct to buyers, be advised that getting cover directly from insurers may not always provide you with the right plan that you need.

Brokers work on behalf of individuals and not for insurance companies, and are able to work with your budget and your health care needs to put the entire insurance industry at your fingertips. When working with a broker, you have the convenience and freedom of comparing different insurance plans available to you.

You also have access to an industry professional who works for your best interests to help you find medical insurance cover that you can feel confident and secure in owning. A broker also has more authority in the industry than the average consumer, and can help you negotiate lower premiums and better benefits than you would otherwise have available to you.

How can I reduce the cost of my medical insurance?

It’s important to ensure that your medical insurance is easy to budget for. If you want a low-cost affordable medical insurance plan, there are a number of options you may elect to choose that can reduce the cost of your policy.

Add in a Waiting Period

Many policies allow you to choose a waiting period for your private medical cover. The wait period states that, if treatment under the NHS has a wait time less than the length of time chosen, you would agree to seek treatment under the NHS. One example is a 6 Week Wait, which would require you to seek NHS treatment for treatment with wait times less than 6 weeks. This may reduce your monthly premiums by as much as 20%.

Include an Excess

An excess is an agreement that states you will pay the agreed upon amount towards your claim. An excess is generally paid only once a year, and is only paid once, regardless of how many claims you make. This may be an excellent option for those who don’t expect to make claims regularly, but wish to keep their protection. Excess amounts are available from £100 to £5,000, with savings matching accordingly.

Adjust Your Cover

The amount of cover you’re entitled under your current medical plan may be more than you’re willing to afford. In this case, lowering benefit amounts or adjusting benefits may be one way to keep protection for essential needs while avoiding paying for services you may not need. Out-patient cover for diagnostics and consultations tend to cost more than in-patient and surgery cover, and may be one aspect of your plan you may reduce to save on premium.

Review Your Insurance Provider

In some cases, the provider who insures you may not be offering the most competitive medical insurance plan on the market. With such a large selection of insurance plans available in the UK, finding a more suitable plan for your needs can help you retain the same benefits at a lower cost. If you’re seeking an alternative solution to your health care needs: please fill out our no-obligation quote form and we would be happy to help you find a more competitive insurance plan for your needs.

What is the difference between health insurance and medical insurance?

Many insurance providers refer to their policies as “Health Insurance”, while others may refer to similar policies as “Medical Insurance”. For all intents and purposes, these terms are interchangeable and may be used to refer to each other.

The official classification for this type of insurance product is known as Private Medical Insurance, or PMI. Nearly all policies described as health insurance or medical insurance ultimately are referring to Private Medical Insurance.

Are there any exclusions to a medical insurance policy?

Private medical insurance does not provide benefits for pre-existing medical conditions that pre-date your application for insurance. Pre-existing conditions include, but are not limited to diseases, injuries, illnesses, or complications that you have been diagnosed for within five years prior to your application.

In addition, some long-term chronic conditions are not eligible for cover under private medical insurance. Diabetes or Crohn’s Disease are some examples of conditions not covered.

Is there an age limit when taking out a policy?

The maximum age for taking out a medical insurance policy will vary between different policies and the insurers that offer them. New developments in the UK’s insurance industry have allowed policies to be more accessible to older individuals, and policies may be available for individuals at any age.

However, typically many medical insurance plans set an age limit between the ages of 65 and 75. Some policies with these age limits may extend them if you’re converting from a previously owned medical insurance plan into a new one.

May I change insurance providers if I’m unhappy with premium increases or changes to my benefits?

When you own medical insurance, you have the option to change insurers at any time. However, there are some important things to note if you’re considering this decision.

Many insurers offer the option, when changing policies, to continue with the same or similar terms to your old policy. It’s important if switching providers that you check beforehand if the new insurer will honor this arrangement, or if you’re required to accept a different set of terms on your policy.

It’s also important to save any contracts made with your previous insurer in order to submit them to your new insurer, who may request them in order to quickly transition you under their plan.

As most medical insurance plans are arranged under an annual contract, you may benefit the most from a policy change by switching providers at or near your policy renewal date to ensure your premiums paid aren’t wasted.

Finally: every medical insurance policy on the market is different in its own way. It’s essential to compare plans in order to find one that addresses your needs and budget. Alternative options may contain new limitations or different terms that will affect what kind of cover you will have in the future.

What kind of medical insurance options are available for retirees/senior citizens?

Changes in the insurance industry have opened up a host of new cover options for seniors and individuals looking to retire.

Most insurers offer medical cover plans up to the age of 75 for most general policies, while some do not provide age limits and may be bought by anyone. One thing to keep in mind is that your age is a factor in assessing how much your premiums will cost.

For individuals looking for affordable cover in their elder years, specialized senior medical insurance is available that omits excess benefits that may not be needed by the majority of senior insured. Some policies designed for seniors also include specific benefits that would be more beneficial to seniors, such as in-home nursing care, or expanded out-patient benefits.

Keep in mind that the types of benefits between general medical insurance policies and senior-specific medical insurance policies can be very different depending on the insurer. It’s important to compare these plans to find one that is appropriate for you.


Why Private Medical Insurance?

  • Avoid NHS waiting time and get treated promptly.

  • Fast access to top specialists as well as cutting edge treatments.

  • Choose your care: including best hospitals and physicians.

  • Coverage of diagnostic tests, treatments and aftercare.

Why Choose Us?

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