Private Medical Insurance

“There are so many private medical plans on the market, we can help find the right one for you based on your individual needs.”

exchange wealth management mortgages equity release protection insurance financial planning liverpool merseyside

Ian Ward CeMAP CeRER

Director

exchange wealth management mortgages equity release protection insurance financial planning liverpool merseyside

Private medical insurance, or private health insurance as it is also known, pays out for private treatment if you fall ill. There are millions of people throughout the country who are covered by some form of private health policy, either individually or through their employer. It can be a real bonus to have private health insurance and help you to avoid lengthy NHS waiting times for treatment. However, it is important to understand that not all treatment is covered by a private health insurance policy and there are always terms and conditions attached.

Why take out private medical insurance?
Understanding the terms and conditions of private health insurance
What if my employer offers private medical cover?
I run my own business and would like to offer private health insurance
I manage the benefits on behalf of the company where I work, can you help?
What does private medical insurance cost?
Why speak to Exchange about private medical insurance?

Why take out private medical insurance?

There are many different reasons why people take out private medical insurance. Some clients take out a policy as a way of protecting their family should they fall ill. If you are the main provider for your family you may want to be rest assured that you could access treatment more quickly and help get you back to work faster should you fall ill. Or perhaps you want the peace of mind that should any of your family members listed on the policy require treatment, they can do so more quickly than they might on the NHS. We find that some clients have had experience of waiting for treatment on the NHS, only for their operation to be postponed or cancelled, then ended up paying a large one-off lump sum to fund private treatment anyway. Taking out a private medical policy breaks the cost down into an annual or monthly sum and is there in case you need it.

Understanding the terms and conditions of private health insurance

We recommend talking to an independent adviser if you are considering taking out a private health insurance policy. There are policies which require you to provide the insurer with your full medical history and then there are other policies which require less information. There are pros and cons to both which we can help you understand. Many insurers do not cover pre existing medical conditions, or if they do, it can be more expensive. Also, there are private health policies specifically designed for particular age groups – the over-55s for example – and there are insurers which have a focus on a specific disease such as cancer. There are other terms and conditions too which we at Exchange Wealth Management Mortgages can talk you through.

What if my employer offers private medical cover?

Great, if you can access private health insurance through your place of work it is often worth joining. You may want to consider whether it covers just yourself, or if you have a family, whether it includes them too and also which elements are included.

I run my own business and would like to offer private health insurance

Many businesses offer their employees private health insurance as a benefit of working for them. If you are a business owner, we recommend talking to an independent financial adviser to look through the options available to you. This is something that we at Exchange Wealth Management Mortgages can help with. See the dedicated page on our website for this.

I manage the benefits on behalf of the company where I work, can you help?

Yes definitely, this as an area of expertise for us at Exchange Wealth Management Mortgages. We are experienced in advising on group schemes which is also covered on a dedicated area of our website.

What does private medical insurance cost?

The cost of private medical insurance varies depending on your individual circumstances. Are you looking for cover for just yourself, a couple or a family? Also the premiums vary with age so typically the older the person applying for cover, the most costly it may be. Pre-existing medical conditions usually also affect the cost of insurance. The main thing to remember is there are many providers of private medical insurance so comparing quotations from different insurers is absolutely essential. This is something that an independent financial adviser can help with as they can compare the whole market and provide you with a refined number of options to help you make up your mind.

Why speak to Exchange about private medical insurance?

At Exchange Wealth Management Mortgages, we have years of experience in arranging private health insurance both for individuals and for businesses to offer their employees. We offer a free of charge consultation to talk through your individual needs and then compare the market and present you with a bespoke illustration. It can be time consuming and confusing to search out the best private medical cover for yourself so we always recommend talking to an independent adviser.

If you would like a complimentary appointment with an experienced and independent adviser from Exchange Wealth Management Mortgages, simply fill out the contact form on this website, call us on the number above or send us an email and a member of the team will be happy to help.

Get in touch with our team of experts

✓ Independent, whole of market financial protection advice

✓ Years of experience in providing life insurance advice

✓ Face to face service in the comfort of your own home

✓ Real life experience of serious illness cover helping families

✓ Appointments in your place of work to explore group schemes

✓ Complimentary review of your current business cover

✓ Excellent customer service proven by client testimonials

✓ Peace of mind arranging your finances through a professional

✓ Confidence that we have explored all options available to you

✓ Promise to recommend policies with an excellent claims service


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