Health Insurance

Finding the right health insurance can be a confusing task if you've never done it before, as it's often very difficult to stand back and compare the hundreds of PMI products on the market on a like-for-like basis. Let SimplyFinance assist your decision-making by providing you with articles and tools to find the right medical insurance coverage to meet your needs.

When looking for health insurance, it is important to carefully consider all aspects of your plan before you commit. This saves you from finding out at a later date that your health insurance doesn't offer the amount of coverage you believed it would, a costly surprise given the rising costs of healthcare. Once you've researched all of your options carefully, SimplyFinance can help you find a policy that's right for you. Simply fill out the short form, and we will connect you to a health insurance adviser who can help you find the best policy to meet your needs.

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Private Medical Insurance: Quick Definitions

• Premium: a fixed amount that an insured person must pay (monthly or annually) in order to take advantage of services covered by their insurance plan.
• Excess: the amount an insured person must pay toward each claim before their medical insurance provider will take over the payment.  Many people choose to pay an excess of £100 or £250 towards the cost of treatment, as this can significantly lower your premium costs.
• Pre-existing medical condition:  A condition that you have suffered from prior to taking out the Private Medical Insurance policy.  Most insurers will not cover you for any conditions that you were aware of before you took out the policy.
• 'Acute' conditions: This is another term for short-term, curable illnesses.  Private Medical Insurance is designed to cover the costs of treating conditions of this nature, and the main focus of this type of insurance is on receiving more convenient and comfortable treatment than you may otherwise receive on the NHS.
• Moratorium: If you choose not to reveal your medical history when applying for PMI, you will be given this option.  This means that your medical history will be investigated when you make a claim, to establish whether the treatment that you are claiming for relates to a pre-existing condition.