Nobody likes to think of ill health affecting loved ones, but unfortunately life takes unexpected turns and this is where adequate insurance can play its part. Often overlooked in the past, medical insurance is becoming more popular and affordable. This is hardly surprising, as the National Health Service (NHS) is straining to cope with the demands placed upon it.
Why choose an insurance plan?
Though the NHS remains just about fit for purpose, it is true to state that many of its services are overstretched, which can result in long waiting times when it comes to getting an initial appointment. Treatment is another matter altogether. The major benefit of private health insurance is its ability to offer quick referrals and the peace of mind that comes from knowing that professional medical care is imminent and waiting times will be minimal.
What’s covered and what’s not?
Different packages are available and the level of cover will vary depending on the policy; however, most plans will cover the costs of initial consultations, tests and on-going treatments, as well as hospital stays if necessary.
Access to supplementary services are often included on more comprehensive plans, including treatment abroad and physiotherapy.
It is important to consider the plans offered by different providers very carefully and to choose healthcare that meets your needs as best you can. Obviously health problems can be difficult to predict and certain conditions or injuries may not be covered.
Cosmetic surgery, for example, is unlikely to be covered and the same goes for standard pregnancy care, or treatment for long-term conditions. Health issues such as obesity, smoking, asthma and diabetes are also not usually covered by standard private plans. Pre-existing health conditions may be covered if treatment is specifically included. This will almost certainly increase the premium and the insured would normally not be able to rely on the plan for any treatment that is required within the first two or three years of taking out the policy.
How to keep it affordable?
There’s no doubt that choosing a package can be a big decision and one which is not to be taken lightly. There are, of course, financial implications to consider and it’s important to budget carefully and not get into debt for a package you cannot afford. If you struggle to cover the costs on occasion, to avoid bad credit payday loans are a temporary solution worth considering.
Although it is sensible to choose an affordable level of cover to avoid debt, bad credit payday loans provide an instant injection of cash for those who have struggled with credit in the past.
To avoid running into financial difficulties it’s easy to reduce costs by opting for a basic plan with less cover, rather than a comprehensive insurance package. A plan that excludes outpatient cover is likely to be significantly cheaper and result in smaller premiums.
There are also many built-in features that can cut costs. These include the policy excess, no claims bonuses and paying by Direct Debit.
In a competitive market, many providers are keen to stand out from the crowd and by comparing packages online you should not have too much difficulty finding a deal that is right for you.
Anna Mathews is a respected writer who produces a variety of regular pieces on the theme of health insurance and articles of a medical nature for a range of lifestyle websites and blogs across the internet.