FAQS About PMI Cover in the UK
What is Medical Insurance ?
This type of Insurance is designed to cover the cost of private treatment for any acute conditions you may suffer in the future – this can be something simple like breaking a bone or more serious like a heart attack or cancer.
People generally buy this cover so they will not be at the mercy of a potentially long NHS waiting list. You would be able to choose when the treatment would take place, the specialist you would like to treat you and the hospital you would like to go to.
What cover is excluded by PMI ?
Every policy has a list of exclusions from cover, and some companies place limits on the amount they will put toward certain benefits. Benefits with limited cover often include routine dental checkups and maternity costs. Some other common exclusions include: pre-existing conditions, sleep disorders, cosmetic treatments, vaccinations, nursing home stays, and outpatient drugs.
In order to take out a PMI policy, do I need to undergo a physical exam ?
Some PMI providers will need you to undergo a physical exam in order to approve you for a policy. Some insurers will write to your doctor to get your health records, while others will only require you to fill out a health questionnaire.
What factors will affect changes to my premium in the future ?
Policy premiums may change over time due to advancements in the way that illnesses and conditions are treated. With more expensive drugs and equipment come higher premiums. Some insurance providers may also choose to raise premiums annually in accordance with medical inflation. Also, depending on whether there are tax incentives associated with your plan, the government may be able to alter your premium.
What should I watch out for when getting PMI quotes online ?
You should always declare as much information about yourself and anyone in your family that will be covered by any insurance as all pre-existing medical conditions must be made aware of when you are receiving quotes. The price quoted will be based on the information you enter and will vary according to where you live, your age, how many people are in your family and any pre-existing medical history.
If you do not declare all information correctly you may find that your insurance will be invalid if you make a claim. If you are ever unsure then please either speak directly with the insurance company concerned or take advice from an independent financial advisor.
Premiums calculated by using this site are often only valid on the day of calculation and could vary depending on the offers and potential discounts available at that time or any promotions that may be running from the various insurance companies. You should look at the detail of the policy presented to you very carefully to ensure that you have the right cover for your circumstances.
Not all policies automatically cover you for all private hospitals in the UK, may have some excess fees to pay for any claims, could exclude cancer treatments and may not include children at no extra charge.
Please read all information very carefully and if you are in any doubt then please seek professional advice.