Private Medical Insurance
What is it?
Private Medical Insurance (PMI) is a monthly premium policy designed to meet the costs of private medical treatment. These costs may include hospital admission, surgery, private GP appointments and physiotherapy. Cover is usually available at various levels to fit your budget and care requirements.
PMI can provide access to treatment faster than public healthcare and in some instances gain access to services not available on the NHS. Having said that, PMI is designed to work alongside the NHS rather than replace it.
What options are available?
The two main options available for PMI are ‘Fully Underwritten’ or ‘Moratorium’ policies. The difference between these two is the treatment of any pre-existing conditions that you may have. Fully Underwritten policies will require you to disclose your full medical history to the insurer whilst Moratorium policies only require you to disclose limited medical history. The advantages of each plan option will be discussed with you during your enquiry.
The cost of PMI will depend on various factors including age, health and the level of cover you are looking for.