Reviewing your policy and the market
Do you have Private Healthcare already?
You’ll normally see the premiums rise year on year but how do you know you’re still getting the best deal?
There are a variety of different factors, including:
Health & Underwriting:
- First things first – Are you in good health? Have you made any claims on your existing policy? Many individual policies use a No Claims Discount, so if you have made claims this may have pushed your premiums up.
- Do you have any planned or pending claims? If so, now might not be the time to move.
- Has your treatment finished? Many insurers now offer opportunities to ‘switch or Continuing Personal Medical Exclusions (CPME)’. This is where you can move from one provider to another. Sometimes this is called ‘protected underwriting’, ‘switch’ or ‘no worse terms’. Under a CPME arrangement, the new PMI provider would copy any personal medical exclusions from the existing policy, meaning that your exclusions would remain the same. However, crucially, they would not add any new exclusions.
- Assuming you’re in good health you could look for a new policy with new underwriting terms.
Getting a quote –
- Now you know what sort of underwriting you want – Full Medical Underwriting, Moratorium Underwriting, Medical History Disregarded, Switch or Continuing Personal Medical Exclusions (CPME)
- The new insurer will want to know – Your details, Age, postcode, smoker status etc.
- What sort of policy – ‘like for like’ cover or do you want to increase or decrease the level of cover.
- Excess level – again you may have the option to select a higher or lower excess
Here at Forces Health we can do the hard work for you. Free and friendly advice – Get a quote – Click here to get your own Private Healthcare Quote
If you feel you could benefit from private health care or would like to find out more about the costs involved, please www.forceshealth.co.uk
The HM Forces Specialist