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Which private medical insurance policy should I choose?

If you are an individual UK consumer looking for private medical insurance, there are a number of factors that should influence the type of private medical insurance that you choose.

Depending on your individual case, the following factors are worth bearing in mind when choosing a private medical insurance policy.

  • Are you looking for a comprehensive or a budget healthcare plan?
  • Do you have money to spare to cover outpatient costs, meaning reduced premiums?
  • How old are you? – The cost of medical insurance increases greatly with age.
  • Where do you live? – Medical insurance plans can be more expensive in urban areas.
  • What exact cover requirement do you have? – For instance, some people like their health insurance policies to cover complimentary therapy.
  • Can you afford voluntary excess payments? – Voluntary excess is a set sum that you pay in order to reduce premiums on your private health insurance policy.
  • Are you aware that the cost of health insurance premiums increases as you age? – Can you afford to meet increased payments at a time when you are more likely to need health insurance?
  • In some cases you can fix your premiums, but most health insurance companies review premiums regularly and increase them at medical inflation rates.

Health Insurance Partners