Why take out child health insurance?
No parent likes to think about their child falling ill, but having private medical insurance can at least provide peace of mind that they won't have to wait for medical treatment should the worst happen.
Policies for children needn't be expensive, and you can choose the level of cover you require.
Different types of cover
Some plans only cover treatment while you are in hospital, while others will also provide outpatient help. With most private medical insurance policies, you pay a monthly premium and the policy will then pay out, up to specified cover limits, for any treatment that your child might need.
There are also health cash plans. These will contribute towards your child's routine healthcare costs and work by paying out a cash sum whenever they visit a dentist or other medical practitioner, such as a chiropodist or optician, which can be spent on whatever you want.
What else you should know
Many policies charge an excess - the portion of any insurance policy you must pay yourself. For those looking for more comprehensive cover, but who still want to keep costs down, one option is to choose a medical insurance policy which offers a wider range of benefits but which enables you to select a higher excess.