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Private Medical Insurance: A Real Benefit to Families

14 July 2011

There comes a time in everyone’s life where checking your insurance arrangements are necessary. Not only are there life changing situations such as marriage, birth of children, employment changes, divorce and retirement, to take into account but there are lots of other reasons why regularly reviewing your private medical insurance arrangements can help.

Richard Walsh, Head of Health at the Association of British Insurers (ABI) believes there are no short cuts when it comes to safeguarding your health.

“Private medical insurance provides vital reassurance to more people than ever that, should they need it, they can receive medical treatment at a time and location convenient to them,” he says.  “And, by relieving pressure on the NHS, it is helping to ensure that the state scheme operates as effectively as possible.”

Tips for Finding the Right Private Medical Insurance Policy

But what do you need to bear in mind before choosing a suitable private medical insurance policy for your family? There are a number of things you should consider before signing up for a private medical policy.
The first thing to think about is to understand exactly what your specific needs are: do you want a policy that covers just you, or the entire family? Or if you are divorced or widowed, perhaps you want a policy that just covers yourself and your children. This is a crucial aspect of choosing private medical insurance.
Once you have decided upon this fact, the next thing is to think about the health of the people you want to cover. Are they all in good health? Or will you need to declare any pre-existing medical conditions when you apply for private medical health care?

You will not be covered for any illnesses you are currently going under treatment for, these are termed pre-existing conditions, but should be documented on your application so your insurer is aware of them.
The application will ask you to go into any other details regarding your health, as well as personal contact information and your GP and doctor’s surgery details too.

Not all medical insurance providers offer the same amount of cover, and often the more they include in the policy the more expensive the premiums will be.

The key, as with most other financial products, is to research thoroughly before making a particular choice when it comes to private medical insurance. A good tip is to compare private medical insurance prices online, looking carefully at specific deals in the process.

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