Protecting yourself and your financial future
We are lucky to live in a country with the finest publicly funded health system in the world. However, the NHS is extremely stretched, and many procedures have long waiting lists. Even if you are lucky enough to be prioritised, you may not like the idea of recovering in a busy public ward.
Private medical insurance has become increasingly popular as people seek to secure their healthcare needs and access top-notch medical services. Private medical care insurance gives you the certainty of knowing that you can access prompt medical help whenever you need it and will ensure that your recovery is made as comfortable as possible.
What is Private Medical Insurance?
Private Medical Insurance (PMI), also known as private health insurance, is a form of insurance that covers the cost of private medical treatments and services. Unlike nationalised healthcare systems, private medical cover allows you to access private hospitals, specialists, and healthcare facilities without having to wait for extended periods or navigating long queues.
With PMI, you have the flexibility to choose your preferred healthcare providers and receive treatment in a timely and comfortable manner.
Benefits of Private Medical Insurance
- Expedited Access to Healthcare: Private healthcare ensures that you receive medical treatment promptly, reducing waiting times for consultations, diagnostic tests, and surgeries.
- Choice of Specialists: You can select your preferred medical specialists and hospitals, ensuring that you receive personalised care from the best professionals in the field.
- Comprehensive Cover: PMI typically covers a wide range of medical conditions, treatments, and services, including hospital stays, surgeries, diagnostic tests, and even mental health care.
- Peace of Mind: Knowing that you have financial protection for unforeseen medical expenses provides peace of mind for you and your family.
- Avoiding NHS Limitations: While the National Health Service (NHS) provides essential healthcare, PMI allows you to go beyond its limitations and access services not available through the public system.
What Does Private Health Insurance Cover?
- Inpatient and Day-patient Treatment: This includes hospital stays and surgeries where you require a bed but not necessarily an overnight stay.
- Outpatient Treatment: Coverage for consultations, tests, and treatments that do not require a hospital stay.
- Specialist Consultations: Access to specialist doctors and consultants for diagnosis and treatment.
- Cancer Treatment: Coverage for cancer care, including chemotherapy, radiotherapy, and surgeries.
- Mental Health Cover: Many policies offer mental health support, including therapy and counselling sessions.
- Diagnostic Tests: Coverage for diagnostic tests such as MRI scans, CT scans, and blood tests.
- Physiotherapy: Rehabilitation and physiotherapy services.
- Additional Options: Some policies allow you to add extras like dental and optical cover for a more comprehensive plan.
Greenacre Financial Services is here to provide you with comprehensive private medical care insurance that not only covers your medical expenses but also offers peace of mind.
What is the average cost of private medical insurance?
Health insurance cost varies widely based on several factors, including:
- Age: Younger individuals typically pay lower premiums than older ones.
- Health Conditions: Existing medical conditions can increase the cost of insurance.
- Coverage Level: The extent of coverage and the range of services included in your policy will affect the premium.
- Deductibles and Excess: Higher deductibles or excess can lower your health insurance premium but require you to pay more out of pocket when making a claim.
- Lifestyle and Habits: Smokers and those with unhealthy lifestyles may face higher premiums.
- Location: Your location can influence the cost of private medical insurance due to variations in healthcare costs.
- Optional Extras: Adding extra coverage options will increase your premium.
To get an accurate idea of the cost of private medical insurance, it’s best to request a personalised health insurance quote from us here at Greenacre Financial Services.
What is the Best Private Health Care?
Determining the best private health care plan is a subjective process, contingent upon your unique needs and preferences. When in the process of selecting a private health insurance policy, it’s essential to consider several key factors.
Firstly, ensure that the policy effectively covers the medical conditions and treatments that hold significance for you. Verify if your preferred hospitals and specialists fall within the insurer’s network for added convenience. It’s also crucial to compare quotes and premiums to discover a plan that aligns with your financial capabilities.
To gauge the quality of service, read reviews and assess the insurer’s reputation for customer service. Additionally, explore policies that offer supplementary benefits such as wellness programs, maternity coverage, or dental and optical care.
Lastly, prioritise flexibility and consider policies that permit you to tailor your coverage to suit your specific requirements. Greenacre Financial Services stands ready to assist you in this process by evaluating your
unique needs and skilfully matching them with suitable policies from their network of esteemed health insurers.
Greenacre will also discuss with you the benefits of income protection, family protection and critical illness cover, so you will be well-informed and confident in choosing the right policies to safeguard your financial future. Our tailored advice ensures you have the protection you need for life’s uncertainties, giving you peace of mind for yourself and your loved ones.
We’re a family-owned business covering the London and South East areas. We also support clients through virtual appointments across the UK.
Contact Greenacre Today
While the average cost of private medical insurance can vary, Greenacre Financial Services can help you find a policy that aligns with your needs and budget. The best private health care plan depends on your individual preferences and requirements, and Greenacre Financial Services can assist you in making an informed decision.
Don’t wait to secure your health and well-being – explore private medical care insurance options with Greenacre Financial Services today by calling us on 0203 3939 222 or email info@greenacrefs.co.uk.
