Health insurance guide
Health insurance provides medical care quickly and saves you facing NHS queues or bureaucracy.
Healthcare cash plans can help you with routine medical costs, but they aren’t a substitution for health insurance or the NHS
A healthcare cash plan is an insurance policy you can take out to help you meet the cost of routine healthcare.
Healthcare cash plans can be worthwhile if you think you’ll make use of them. If you aren’t sure, consider the following:
Healthcare cash plans differ from private health or medical insurance as it generally only applies to routine healthcare, rather than unforeseen medical costs.
Healthcare cash plans work like many insurance policies do – you pay a fixed sum each month, and you’ll be able to claim back money to help pay for different categories of treatment.
It will depend on the provider, but generally speaking you won’t need to undergo a medical for cover. However if you do have any pre-existing conditions you should declare them, as your cover may be voided if you don’t.
If you’re over 65 then it may be more likely that you need a medical before you can get cover.
Many healthcare cash plan providers will have a qualifying period as part of their policy. This is to prevent people from taking out cover, claiming immediately, and cancelling afterwards.
The length of the qualifying period can vary, but it’s usually somewhere between one and six months – however claims relating to maternity and childbirth generally require at least ten months.
It’s recommended that you only use practitioners with the proper qualifications and accreditations – if you aren’t sure where to find them, your insurer will be able to help.
The specifics of your healthcare cash plan coverage will depend on your provider, but some of the most common policies include:
If you take out a joint policy for you and your partner, some providers may let you add cover for your children for free. The cover could apply in the following ways:
1. Each child would get their own allowance
2. All the children on the policy would have a shared allowance
3. The children would share the adult allowance
Many providers don’t offer cover for pre-existing conditions, but it will depend on the actual condition. You may be able to take out cover that lets you claim for other medical treatment, while excluding anything that involves the pre-existing condition.
The cost of your healthcare cash plan will depend on the level of cover you take out and any additional policies you add. As you might expect, the more comprehensive the policy the higher the cost will be.
The price of cover might also be affected by: