With a private medical insurance policy, is the excess charged once at the start of the treatment or each time you have an op?
I am looking into PMI and have heard that the voluntary excess can bring down the costs quite a bit. I'm confused about when this excess is charged though - if you became very ill and need a number of operations/treatments, would you only have to pay this excess once, or on a per-operation basis?
Steve. You would need to ref to the specific PMI provider re the terms of their excess as both options are in the market. Excess is a great way to lower costs of PMI, hopefully it is the sort of insurance you won't use in 10 years so any savings year on year could be held in your bank for that inevitable day in the future when you need to pay the large excess. In reality, by that point if your sick you won't care what it costs to get fixed.
An alternative to look at to keep cost low would be a health cash plan (HCP). In a HCP you may have a consultation buget, or MRI scans etc that can help speed up the process of diagnoise, but for the years in between when your perfectly fit and well you can claim for dental, optical & therapy bills etc.
www.health365.com | 11.16.10 @ 14:08