What Can Private Medical Insurance (PMI) Cover?
You can customise your PMI to provide health insurance cover for as much or as little as you need. Some options include:
Out-patient treatments such as consultations and tests
A choice of hospitals (though some providers offer limited cover, which tends to be cheaper, where you have a choice of named hospitals in your area)
Full and comprehensive cancer cover
Nowadays, most policies work on a modular basis. This means that you can add in ‘modules’ or build up ‘packages’ of cover to suit your own requirements.
Is health insurance affordable?
PMI can be very affordable with providers typically offering tiered levels of cover at different prices, enabling you to choose the one that most suits your budget. The cost of your premium will depend on a number of factors including:
Your age
The type of policy you want – do you want cover for hospital (in-patient) stays only or a more comprehensive policy including out-patient treatments or diagnostic tests
How much excess you are willing to pay each time you make a claim - the higher the excess agreed, the lower your premium can be
Your pre-existing health conditions and how many claims you have made, if any, in the past