img
img
MyMoneyHelp.co.uk
Sign up for our newsletter!
Name:
Email:

MyMoneyHelp
Credit Reports
Personal Loans
Mortgages
Insurance
Debt Help
Credit Cards
Banking
Utilities
Mobiles
Broadband
Education
Education
Banking
Credit Cards
Debt Help
Insurance
Mortgages
Loans
Credit Reports
Broadband
Investments
Pensions
Mobiles
Utilities
Glossary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Medical insurance

Types of Medical Insurance: 
An Introduction

Different types of private medical insurance all work in a very simple way.  You take out a policy, pay a monthly premium, and then make a claim when you need to use it!

This kind of cover can help you access private medical care for non-emergency treatment (both as an in-patient and as an outpatient).  The big advantage here is that you can have treatment at a private hospital when you need it without having to sit on a long NHS waiting list. So, what types of medical insurance or types of private health insurance are available?

Unlike many sectors of the insurance market, there aren't a whole load of types of private health insurance from which to choose.  The majority of policies all work in the same way and the way you differentiate between types of medical insurance is the cover that you are given. So, for example, some types of private health insurance will give you basic cover whilst others will give you a more comprehensive service. As you might expect, you'll pay less for basic cover and more for extra features!

How to understand cover with types of private health insurance

At a basic level you should expect to get cover for:

  • Operations and in-patient treatment

  • Tests, consultations, and treatments relating to inpatient care

At a mid-range level you will probably add:

  • General consultations, tests, and diagnostic procedures

  • Alternative treatments

  • Some out-patient treatments

At a comprehensive level you can expect to see some/all of the following:

  • Full in-patient and out-patient cover

  • Psychiatric cover

  • Dental cover

  • Recuperative care

  • At home care costs

  • Expenses (during in-patient stays)

The actual cover you get will depend on the types of medical insurance policy you choose. Most insurers will have their own ways of working out what bang you get for your buck! So, even with basic types of private health insurance policy, you may get cover from a higher range, but there may be an annual limit on costs. So, for example, you may be offered out-patient cover, but only up to a limit of £500 a year. The insurer may extend this cover depending on the policy option you choose and probably won't put limits on cover for many treatments and procedures with its top of the range policies.

The key thing to remember when you are looking at the various types of medical insurance cover open to you is to work out how much cover you need. If you are happy paying some costs yourself (such as consultation fees) but would then like the insurer to kick in if you need an operation, then look at basic types of private health insurance.

If, however, you want cover from the word go so that you don't have to pay any costs then look at more comprehensive types of medical insurance as an alternative. But, whichever types of private health insurance you choose, make sure to shop around for quotes.  This way you'll get the cover you need at a better cost.  
       
             

Compare health insurance providers

 
 
 
 
 
 
 
banner

 
 
© MyMoneyHelp.co.uk. All Rights Reserved.    Sitemap | Newsletter | About | Contact | Terms of Use | Privacy | Online Coupon Codes

Valid XHTML 1.0 Transitional

img