Reduce the cost of health insurance in the United Kingdom

Access to excellent medical care in a comfortable environment, without waiting months to get to the front of the queue should have private medical insurance (PMI) an easy sale, but that does not have the reputation of being a luxury product quite expensive. However, recent innovations means that there is no need to tap the savings of a lifetime to get a good policy and SMEs may be time to take another look.

Why consider SMEs?

There are many benefits for your health insurance, even with the changes made to the NHS. Among the most important reasons for the cover of your doctor are:

Quick access to care (skipping the waiting lists for non-emergency medical care)

The choice of hospitals and physicians for the treatment

Choice of time and place of admission

Information and awareness of health

Cut costs SMEs

There are several private companies offering medical coverage - and most of them offer a variety of plans at different prices. By shopping around, you can get a good idea of ​​the range of coverage levels and pricing options available. It 'important to be aware, however, that the cheapest price is not always the best choice - or even the less expensive option in the long run. It 's important to give an overall look and count the costs associated with them before deciding which one is best for you and your family. Here are some points to consider when selecting SMEs for your family.

You can share the cost of treatment?

There are a number of different systems which permit the sharing the cost of treatment in exchange for a reduction of premiums.

Overpayments

Almost all insurance policies have an excess - the amount you must pay before the insurance company will cover medical expenses. The most common way to reduce the premium is to increase the amount of your excess. In this way you pay more for your medical expenses when you get treatment - and pay less for insurance premiums. It 's important, however, to understand how your insurance company has an excess, and to be sure that it is at a level you can afford.

Co-payment plans

Some medical insurance companies to share the cost of medical care by requiring co-payments, when you use a service. You can pay £ 5 every time you visit the doctor's office, no matter what the cost is real, and the insurance company picks up the rest. In another co-payment scheme, you agree to pay 25% of the costs of any medical procedure up to an annual limit, and the insurance company pays 75% of costs up to this limit, 100% of your medical expenses for the rest of the year.

Excluding the treatments

You can also save money by choosing to exclude specific diseases or conditions from your cover. Some of the most common exclusions include outpatient treatment, or agree to restrict the choice of hospital. Another exclusion that is growing is the most common treatment for cancer, which can be very expensive, but in which the NHS has invested a lot of research.

Innovative options Private Health

There are a number of new and innovative options currently being offered that can make private health care more flexible and convenient. These include systems that reduce the rewards for taking steps to improve your health and saving part of the insurance schemes. As competition becomes more intense, you can expect to see more programs like this that will save you money and offer better control health care and medical cover for you and your family ....