What should I consider when leaving a company health insurance policy?
When leaving a company policy, it is important to consider the type of policy that best suits your needs.
Most employees on a company scheme have never chosen which cover options they have. As a result they have not had an option to review what is right for them. Therefore when you consider an individual plan, it is important to make sure you speak to an advisory broker who can help you decide which cover levels are right for you.
Compare the top 8 UK health insurers
We compare the top private health insurance providers, including AXA Health, Bupa and Vitality.
Free claims assistance
We are the only health insurance broker to offer free claims assistance.
Trusted to provide advice
Not only do we provide competitive quotes, we are also authorised by the Financial Conduct Authority (FCA) to give advice on a policies suitability.
Get health insurance quotes
Retiring or leaving a company health insurance scheme
Whether you are retiring or leaving the company you work for, you should be given the opportunity to move off the company health insurance scheme and onto your own personal plan.
It is important to have a market review at this point because the price given, as a group leaver, could be inflated. This is because group schemes are usually community rated, making it hard for your current insurer to calculate your individual risk.
Can I continue my underwriting and keep my pre-existing conditions covered?
Yes, you can continue your underwriting and keep your pre-existing conditions covered. If you are simply moving from a company scheme to an individual policy with the same insurer this is easy but you could pay more for it. Therefore, a full review of the market is advised, where you will be subject to underwriting questions to better ascertain your individual risk.
All insurers have different underwriting questions and it is important to speak to an advisory broker who will help find the most relevant policy for you.
Top health insurance topics
Claims
We know that claiming for treatment can be stressful, which is why we have put in place a specialist team, dedicated to providing support with claims.
Private GP
Avoid long NHS waiting lists, and instead see a private GP at your convenience.
Cancer
Cancer cover lets you skip NHS waiting lists and even access drugs and procedures only available to private patients.
