Private medical insurance linked with savings

Thu, 17 Apr 2008

An innovative new WPA private medical insurance policy utilises savings vehicles (including ISAs ) to aid customers in paying off insurance excess.

The Health-e-ISA policy is a step up from other WPA high excess policies (including the IXS and XS Health plans for families and individuals respectively.) These insurance policies include a £1,500 excess.

With the new policy, customers of the company are able to create savings vehicles to be used to pay off the excess. The plan, according to WPA, reflects co-payment health savings, a form of partnership between customer and company.

ISA themselves changed slightly in the recently-announced 2008 budget. Health insurance company WPA is one of the first to introduce co-payment using savings vehicles to the medical insurance market.
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