Health insurance guide

Many people in Britain are choosing to take out private medical insurance which helps cover them in case of a curable or short term illness. The reason for this is that on average the wait for an outpatient appointment with the National Health Service in England is up to 7 weeks. However those who take out private health insurance have the guarantee that if they are to fall ill or injure themselves they will get an appointment and receive treatment straight away.

What is the cost of Health Insurance?

The cost is dependant on a few factors; firstly the insurer you choose as different providers will have different costs based on their standard premium and what the insurance covers. The cost will also depend on whether it is personal or if it covers the total family It will also be subject to a medical examination to check general health and be dependant on your personal and family medical history. Also those who play sports which have risk of injuries may incur costs due to the risk of injury.

Many providers offer ways in which to cut the costs although will just result in the premium being ‘stripped' in some way such as losing a no-claims bonus. A no claims bonus is something which is common in car insurance and is now often found in health insurance. It rewards the person who takes out the policy if they do not claim on their insurance for a certain period of time.

How do I make a claim?

To make a claim on your insurance you must first check that the illness/accident is quoted in your insurance. For example if the accident happened playing rugby and sports aren't covered, then you would not be entitled to make a claim on your health insurance. If the insurer accept your claim then it is important to establish how the medical bill is paid. Medical Insurance providers often differ on their preference of ho the amount is settled, some may wish to pay the hospital directly where as others may require a bill and involve you claiming the money back on what you have paid yourself.

If you are looking to take out Health Insurance in the near future there are numerous sites online in which can help you compare health insurance and find cheap insurance quotes. When looking for Health Insurance be sure to compare different providers to find the best medical insurance quote to find the best deal for you.