If you want to ensure that you benefit from the best private medical treatment than health insurance is something you should consider.
While private medical cover doesn’t make illness any less stressful, it can give you peace of mind that you’ll benefit from fast, specialist treatment if you need it.
But what is a ‘private medical cover no excess’ policy? And what should you look for when comparing no excess private health cover?
What is no excess private medical insurance and what does it cover?
Private medical insurance (also called ‘health insurance’) is designed to cover the cost of private medical treatment for acute illnesses or injuries. You will typically find that a private medical insurance policy covers:
- Out-patient treatment
Diagnosis and consultations that don’t need you to remain in hospital overnight. These visits can include consultations with specialists and diagnostic tests - In-patient treatments
This normally requires you to remain in hospital overnight. Health insurance covers specialists fees, hospital charges and any diagnostic tests - Day-patient treatments
These treatments require you to attend hospital on a regular basis for at least half a day
Most private medical cover policies have an ‘excess’. This is the amount of any claim that you pay yourself and it is normally deducted from the settlement made to you.
However, health insurance no excess policies are also available. This means that you won’t have to pay towards a claim, although the cost of your policy is likely to increase as a result. You need to consider which option you'd prefer before you take out cover.
What to look for when you compare no excess private health cover
When you’re looking for the best no excess health insurance quotes it is important that you compare both the cost and the quality of the cover.
While keeping your premiums low may be a priority, it’s also vital to check that your policy covers everything you need it to.
Research how many hospitals you can receive treatment from covered by your policy and whether there are any maximum age limits on the cover.
You should also establish whether the insurer settles any claims directly with the hospital or whether you have to pay the healthcare provider yourself and get reimbursed.
Of course, looking at the type of cover provided and the terms and conditions that govern claims is also essential.
Compare your options and go for the policy that combines suitable cover with affordable premiums.
Bear in mind that private medical insurance no excess policies are likely to be more expensive than other similar policies. If you want to minimise cost you should therefore consider adding a voluntary excess in order to reduce your monthly premiums.
