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Private Medical Insurance FAQs
What is Private Medical Insurance?
Private Medical Insurance (PMI) covers the cost of treatment for acute conditions at private medical facilities. Acute conditions are short term, usually curable illnesses or conditions. PMI will take care of costs related to seeing a specialist, having surgery, and staying at a private hospital or in a private section of a National Health Service hospital.
What cover is excluded by PMI?
Every private medical insurance policy has a list of exclusions from cover, and some companies place limits on the amount they'll put toward certain benefits. Benefits with limited cover often include routine dental checkups and maternity costs. Some other common exclusions include: preexisting conditions, sleep disorders, cosmetic treatments, vaccinations, nursing home stays, and outpatient drugs.
Which hospitals may I choose from?
Most PMI providers will offer a list of available hospitals when you ask for a quote. Many PMI providers have preferred hospitals that they like their clients to use. It is very important to carefully look over which hospitals are available with any plan you're considering. PMI providers have come up with a ranking system for hospitals. They rank them with A, B, and C grades, with A being the best and most expensive. Be sure that there are hospitals available in your area that are ranked in your price range before you choose a PMI policy.
In order to take out a PMI policy, do I need to undergo a physical exam?
Some PMI providers will need you to undergo a physical exam in order to approve you for a policy. Some insurers will write to your doctor to get your health records, while others will only require you to fill out a health questionnaire. When you fill out a health questionnaire, it is important to be as thorough as possible. Any omissions may be cause for the insurance provider to deny you a policy.
What factors will affect changes to my premium in the future?
Policy premiums may change over time due to advancements in the way that illnesses and conditions are treated. With more expensive drugs and equipment come higher premiums.
INSURANCE DEALS
NEWS & ARTICLES
11 Dec 2007
Private Medical Insurance FAQs
Finding PMI cover can be a bit confusing. Here is a list of frequently asked questions that may help you better understand how to find a PMI policy and how to take advantage of your policy once you have it. »
08 Jan 2008
Self Employed Health Insurance
Making the decision to go into business for yourself can be enormously exciting. No more bosses, no more driving to the office, no more obligatory water cooler conversation, etc. However, one catch to this seemingly perfect employment situation is finding your own health insurance now that you don't have a HR department to take care of it. The good news is that finding self employed health insurance isn't as difficult as you may think.»
10 Oct 2007
Why Are People Choosing PMI Over NHS?
While millions of Americans are left uninsured due to the high cost of PMI, the UK provides free healthcare to any of their citizens that need it. Since 1948, the NHS (National Health Service) has provided the majority of its services to the British public for no cost. So why are Britons turning to PMI for their healthcare needs when the government is offering to cover the expense?
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