Private health insurance costs vary greatly depending on age, geographical location and the level of cover you opt for. For example, whether you opt for comprehensive features or optional extras. Cost of private health care can also vary due to lesser or greater private hospital choices, outpatient limits and whether you include an excess on the policy or not. For a bespoke quote and tailored advice please call 01709 521 160
Private medical insurance in the UK can provide faster diagnosis, treatment and ultimately a faster recovery than often available with the NHS. Considering these factors often result in a better prognosis, then we believe it is certainly worth the cost. Often the wait time to see a private specialist or consultant is far less than being on an NHS waiting list. There is the added benefit of greater comfort during your recovery in a private hospital room, reducing your chances of infections from other patients and increasing your chances of a good recovery. Its value depends on your budget and priorities (speed vs. cost). It's great for avoiding big bills and accessing some advanced treatments, such as cancer drugs and can work in conjunction with the NHS too if needs be.
Health costs have increased steadily over the last number of years. This can be attributed to several factors such as general inflation, the rising costs of medical drugs, better diagnostic equipment, rising surgeon fees and enhanced recovery facilities. The best way to combat rising costs is to have private medical insurance policy paid monthly, quarterly or annually. The policy can be reviewed every 12 months by us, a private medical insurance broker. Conducting a detailed market review every year can ensure you always have the best value policy you can in any given year. For advice on keeping your premiums low please call us on 01709 521 160
Age does play a factor with premiums. The older you are, the more likely you are to claim on the policy for private healthcare treatment. Insurers view this as a greater risk and will increase the premiums as you age. This coupled with inflation means pricing will almost always increase as you get older. Reviewing your policy each year can help negate those increases in premium.
The best way to keep your premiums low is to use an intermediary such as Intelligent PMI. We can conduct a market review each year at renewal time and compare your renewal premium against other insurer offers. We can use that feedback to negotiate a reduced renewal premium on your behalf. If there are better offers elsewhere and you meet the medical questions, we can facilitate a move to an alternative insurer on a continued medical terms basis. To get the best price without compromising your cover, please call 01709 521 160.
A no claims discount is a reduction in premiums (usually a percentage discount) applied by insurers for not claiming. Some insurers will offer a no claims discount or other lifestyle benefits for keeping yourself healthy. This varies from insurer to insurer which is why speaking to a specialist is the best way to get the most beneficial option.
