Far too many people it seems find themselves getting ill only to discover that the health insurance policy that they have been paying for does not actually cover them sufficiently. Alternatively, the size of premium may be inappropriate. Health insurance, otherwise known as ‘private medical insurance’ or simply ‘medical insurance’ is complex and needs explanation.
Dr Richard Theo has prepared an excellent short guide entitled Top Tips for getting the best Health Insurance that should prove invaluable to anyone seeking the best way to go about finding the right policy. This authoritative article gives the following essential pointers:
1. Get advice from an independent specialist broker
2. Watch out for sham websites
3. Understand how good the NHS is in your area
4. Decide your priorities
5. Be clear about what private hospitals you want to use
6. Understand the difference between underwriting types
7. You can change providers and save money without any loss of cover
8. Don’t take shortcuts with your medical history
9. Use the discount schemes such as excess and six-week-wait
10. Cheapest is rarely the right decision
11. Check the limits
The article also provides the background information that you will need to ensure that you know what you are doing, including details of the different types of policy. Dr Theo says: “Before you start, understand the differences between the 3 common types of underwriting that are available”. For example, do you need a moratorium (MORI) policy? Or if you have a complex medical history you may prefer to choose Full Medical Underwriting (FMU).
Dr Richard Theo has prepared an excellent short guide entitled Top Tips for getting the best Health Insurance that should prove invaluable to anyone seeking the best way to go about finding the right policy. This authoritative article gives the following essential pointers:
1. Get advice from an independent specialist broker
2. Watch out for sham websites
3. Understand how good the NHS is in your area
4. Decide your priorities
5. Be clear about what private hospitals you want to use
6. Understand the difference between underwriting types
7. You can change providers and save money without any loss of cover
8. Don’t take shortcuts with your medical history
9. Use the discount schemes such as excess and six-week-wait
10. Cheapest is rarely the right decision
11. Check the limits
The article also provides the background information that you will need to ensure that you know what you are doing, including details of the different types of policy. Dr Theo says: “Before you start, understand the differences between the 3 common types of underwriting that are available”. For example, do you need a moratorium (MORI) policy? Or if you have a complex medical history you may prefer to choose Full Medical Underwriting (FMU).
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