Tops Tips for getting a competitive Health Insurance Premium
Private Health Insurance FAQ's
There are several factors that can affect the cost of your health insurance, some of these factors may be in your control and others will not be within your control.
- Age – Premiums usually increase with age, this is because the insurers attribute a greater risk of claiming to a rise in age.
- Medical History – One thing we hear a lot is “I have not considered medical insurance as it would be far too expensive given my medical history”. Whilst it is true that some providers will “load” premiums based on medical history, not all do to find out which ones don’t, please get in touch 01242 350071.
- Postcode – Some providers load your premium based on postcode as insurers will take into consideration which private hospitals in your area you are likely to use. That said not all do, if you live in a highly rated area like London and want to see which providers do not load your premium due to your choice of location, give us a call.
- Excess – Choosing to add an excess to your policy can help decrease your premium. This is then the amount you will contribute to towards treatment.
- Hospital List – When taking out a policy you will need to select a hospital list. Lists will vary from insurer to insurer. If you choose a list containing the top London hospitals like the Wellington, then this may increase your premium.
- Additional Therapies – Choosing to add additional therapies like physiotherapy or mental health cover, can impact on the cost of your premium.
- Outpatient Cover – Removing outpatient cover from your policy will reduce the premium. However, if speed of treatment is a key requirement for holding a policy then this is not something we would recommend. Find out more about outpatient cover.
How private medical insurance works in the UK
Leaving a company health insurance policy
Claiming on your health insurance policy