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Health Insurance Information

Financial magazines contain information, and surveys of private medical insurance. The Association of British Insurers can provide details of companies offering particular types of insurance. You can also gather this information from business directories kept in the reference sections of most public libraries.

Several private medical insurance (P.M.I.) providers have web sites where you can get details of their products.

Example

Mark, 54, and Fiona, 53, took out P.M.I. in 1995 when their joint premium was £49-90 a month. In 1996, it went up to £57.66 and in 1998 to £84.11, an increase in four years of nearly 69%. They haven't claimed on the policy but are reluctant to cancel it as they feel they can not rely on the NHS. If the premium keeps going up at that rate, it will be about £200 a month by the time Mark is 65.

Switching dilemma Rick has, with a few breaks, had P.M.I. through the same company since the early 1950s. He has claimed about a dozen times on his policy and overall is satisfied with it. He has thought about switching company but says: "I always come up against the same stumbling block, the waiting period before a new insurer will cover existing medical conditions". Once you have a health problem, a new policy normally excludes claims related to it either for two years or permanently.