Why You Need Expert Advice
In recent years the number of private medical insurance providers has increased and so has the choice of plans. With all the different policy options you have literally got hundreds of choices. To check the providers, what they offer, their different criteria, match these to your needs and weigh up the costs can be very time consuming. We provide local financial advice which includes protection, which is the category that private medical insurance falls into. As part of our holistic financial advice we will talk to you about achieving your financial goals with the appropriate protection should you become ill or be unable to work. So, why not let one of our qualified Advisers help you?
We compare private medical insurance from a panel of providers from leading household names to other providers who are equally well established and respected but you may not have come across them before. It’s a bit like our financial advice, because we are experts in our field we can research and recommend the most suitable option for you for your particular set of circumstances.
Why It Makes Sense To Have Private Medical Insurance
Private medical insurance is not a replacement for the NHS which is still the best place to go for emergencies and some medical conditions. What it does is give you access to medical services that on the NHS you would normally have to wait for such as cataract removal, knee or hip replacements and many more conditions.
Private medical insurance is for medical treatment that helps to cure a short term condition and get you back to the level of health you enjoyed prior to the condition. These are known as acute conditions.
The Association of British Insurers, the trade association for insurance companies, defines acute medical conditions as “A disease, illness or injury that is likely to respond quickly to treatment which aims to return you to the state of health you were in immediately before suffering the disease, illness or injury, or which leads to your full recovery.”
Although a chronic disease, illness or injury will almost certainly not be covered some policies provide a cash lump sum or provision for palliative care.
Private medical insurance is not the same as Critical Illness or Income Protection Insurance. We offer all of these insurances and one of our Advisers will be very pleased to discuss what is most suitable for your needs.
How Much Does It Cost?
Private medical insurance is not as expensive as it once was. Insurers have worked hard to make this more affordable with a range of plans that will suit most budgets. Like most other insurance policies this is actually an annual policy which usually costs more each year, so if you have been with your provider for a while it is well worth asking one of our Advisers to have a look at what other insurers are offering. If you decide to stay with your current provider that’s fine, but we may just be able to find the same benefits for a lower cost or more benefits for the same cost. Switching between providers is also easier than it was.
Please speak to one of our Advisers who will be able to provide information, guidance and advice on an appropriate policy for you and your circumstances and advise you on whether private medical insurance is right for you.