Comprehensive plans typically cover your In-Patient and Out-Patient treatment costs and can provide a number of additional benefits such as Worldwide cover, Therapy cover, Psychiatric treatment to name but a few. These benefits are available on lower levels of Out-Patient cover but generally are associated with higher levels of cover. If you’re looking for the whole package; a plan that will cover your In-Patient stays in full, subsequent and follow-up consultations and specialist fees in full as an Out-Patient, then traditional Comprehensive cover is the policy type for you.
An intermediate plan will still provide you with the majority of the protection you may need, but can either have a limit on the monetary amount you can claim or some of the periphery benefits have been removed. You may still have full cover for all the bills whilst you are in hospital, but some of the follow-on or pre-admission benefits may have restrictions such as Out-Patient Benefits
Budget plans are designed to cover your stay in hospital only as an In-Patient . These cover the large bills that usually compliment a stay in hospital and for all other treatment, you could choose to pay for your own treatment or use the NHS. Budget plans are very popular for those who want the reassurance of private care and protection when it is needed, but without the cost of more comprehensive plans.
There are a high number of plans available that you can offer excess levels from £500 to £5000 and by choosing a higher excess, you could save up to 80% on typical premiums by sharing the burden of any costs you may incur. People who have high excess plans are usually healthy people who are unlikely to claim or those with savings available in the event of a claim. High excess plans offer you the opportunity to pay smaller insurance premiums and the opportunity to save money, and still have the reassurance of comprehensive cover when it is needed most. Most excess’s are paid once per person per policy year so you wont have to pay everytime you claim.
Insurance premiums are based on age, the level of benefits you choose and the number of people on the plan. They are annual renewable plans and the premium can also be affected by the frequency of payments. A number of plans will give you free months or increased no claims discounts and Best Choice also has access to special plans not freely available in the market. Use the free quote system on this web site to see the variety of costs.
If you are admitted to an NHS hospital as an emergency case then you will be stabilised and treated by duty NHS staff until you can be moved. At that point you can then contact your insurer for further private treatment, assuming it is eligible treatment. Your insurer would advise you accordingly.
Moratorium underwriting means you have a “moratorium period” on any pre-existing conditions you may have suffered in the past 5 years. Generally, this means the insurer will not pay for private treatment of that pre-existing condition, for the first two years of the life of the plan.If the condition does not re-occur in the first two years, then it can go back on the plan. This subject should be discussed with consultants at Assure U to satisfy any concerns and select the right form of underwriting.
Continued Moratorium or SWITCH – CPME is Continued Personal Medical Exclusion. These underwriting terms are used when switching from one insurer to another where an existing policy is in place. The aim when setting up a different policy could be to reduce costs but also it is to protect your medical terms with the new insurer, often described as “no worse medical terms”. Continued Moratorium underwriting means the new insurer assumes the same start date of the policy, as your existing policy. So, whilst the policy benefits may differ, whatever you have been covered for in the past, will be covered by the new insurer. This is a very important area and you should take advice from a health care insurance specialist or speak to the insurer about any past conditions, before switching. It is not advisable to switch insurer if undergoing treatment or planning to do so, or if there have been known serious medical conditions such as heart or cancer