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Why Consider Private
Healthcare?
We are rightly proud of our National Health Service (NHS), so why would anyone consider private health insurance?
An increased population and life expectancy, plus a lack of investment in the service has put the NHS under a great deal of strain. The result is longer waiting times for treatment, delayed ambulances, and potentially a lack of choice and limited treatments. The number of people on a waiting list for hospital treatment rose to a record of 7.2 million in January 2023. The 18-week treatment target has not been met since 2016*. The 62-day waiting time standard for cancer (measured from urgent GP referral to treatment) has not been met in recent years. Since the pandemic it has fallen further, with 54.4% of patients waiting under 62 days for treatment in January 2023 (target: 85%)*. * Information sourced from The NHS Key Statistics: England, March 2023, House of Commons, Library.
As a business owner, professional or contractor your health is your most important asset. If you can’t work, you can earn!
Getting back on your feet is paramount, and this is where Private Health Care is key. Having private medical insurance means you get the benefits of using private healthcare but without having to pay expensive medical bills from your own pocket. You’ll have shorter waiting times for treatment, more choice and control over where you’re being treated, when and by whom, more comfort in private hospital rooms and access to treatments and drugs which might not be available on the NHS.
What Does Private Healthcare Insurance Cover?
Private health insurance is designed to cover the cost of treatment for acute medical conditions which first arise while your policy is active. Cover can vary greatly between insurers and the different types of policy available,
but most health insurance policies provide will cover the following:
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Shorter waiting times for treatment - No more waiting for hours or even weeks to schedule an appointment with a physician. Private healthcare allows instant access to all medical services
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More choice and control over where you’re being treated, when and by whom
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Access to treatments and drugs which might not be available on the NHS
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Covers the costs for medical tests, consultant’s fees, essential surgery and overnight stays in private hospitals
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Covers outpatient treatment and alternative therapies
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Cancer treatment
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More comfort in private hospital rooms
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Customised healthcare scans and diagnostics - private healthcare can be personalised to target specific patients’ medical needs
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Please note that some policies may limit the benefits mentioned above by applying a cap, or may only be available for an extra cost.
Common optional extras
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Mental health cover
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Therapies cover
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Dental
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Worldwide Travel
The more options added the more your monthly premiums will be
The 4 Simple Steps
Getting to know you, your requirements and how you work enables us to find the perfect products for your needs.
Leveraging our network of lenders and insurers, we scour the market to find the best options and dig into the detail to make sure they’re the right fit for you.
You just want to sign up with the right provider, not be buried in forms and red tape. That’s why we run you through the details and fill out all the paperwork ahead of your final approval.
We don’t just recommend and walk away. We’ll regularly check whether your product is right for your current circumstances and, if not, find a new one that is.
How much does it cost?
Age
As we age the likelihood of needing medical treatment increases and so a 50 year old will pay a higher premium that a 25 year old.
Excess
The higher the excess you choose, the lower the premium.
Cover
Each provider has a range of cover levels for you to choose between. For example if you select to include outpatient cover, and no not want a maximum limit on the payouts then this will increase your premium.
Optional Extras
Including optional extras, such as dental and optical cover, will increase the cost of your premiums.
What is not covered?
With health insurance, it’s common to be provided with a list of conditions and situations not covered, known as exclusions.
This means if you make a claim for something on this list, your claim is likely to be unsuccessful.
The exclusions vary with each policy and insurer but a typical health insurance policy doesn’t usually cover:
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Pre-existing medical conditions
Chronic conditions
Emergency treatmentsTreatment – received outside the UK
Cosmetic treatments
Drug, alcohol or substance abuse
Fertility treatmentMaternity