It goes without saying that our families are incredibly important to us and we do anything we can to protect them. Unfortunately throughout the course of our lives our families will get injured or sick which requires medical treatment.
In the United Kingdom, we are lucky enough to have the fantastic NHS in place to support if we need medical treatment, but it is sadly underfunded and overused which means there are significant waiting lists.
Understandably many families do not want to use the NHS due to these reasons and would prefer to pick the hospital they receive treatment at and also make sure they’re seen straight away.
This is where private healthcare can support but unfortunately it does come at a price and it is not cheap with some treatments costing into the tens of thousands.
If you want your family to be treated at a private hospital you will either have to have the money to fund the treatment yourself or you will have to have a health insurance policy in place before the treatment was diagnosed/required.
What is Health Insurance
Health insurance is an insurance policy that covers the costs involved when receiving treatment at a private healthcare facility in the United Kingdom.
When arranging the policy- you will choose what treatments/conditions you want to cover and in the event of a claim you can recover some or all the costs of any medical treatment you receive.
Health Insurance can be arranged to cover yourself, you and your partner or you can arrange a policy covers your entire family.
It is designed to cover acute conditions which are sudden but can be cured with treatment and not long-term chronic conditions which are usually uncurable.
Covering your family with Health Insurance
Paying for health insurance is a big expense and when you have a family to look after it can be a daunting commitment for a product you are hoping you never have to use.
Many families will not take health insurance for this reason and we would not advise anyone to take a health insurance policy without calculating their monthly expenses first.
When reviewing a private healthcare policy, you will find there are a wide range of treatments available to cover and you can review the level of risk you want to cover.
Many people think that taking health insurance means you must take the most comprehensive cover but you can actually look at reducing the level of cover to take on some of the risk yourself.
Depending where you live in the country, we also suggest reviewing the hospitals you have access to as this can save you on the premiums.
If you reside in central London the premiums will usually be significantly more due some of the top-tier hospitals in the area but restricting access to these can reduce your premium.
We always advise our clients to review every policy you have at the same time to ensure your not paying for cover with the health insurance that is provided as an added extra with other insurances.
Before sourcing prices for your family, it is also worth checking with your employer to see if they provide healthcare via your employee benefits. If this is the case, you can review the option of adding your family onto a work plan which can be a significant saving.
Hooray Health & Protection do not charge any fees for finding you the right health insurance policy, the price you receive from the insurer would be the same as going through us.
We ensure you receive the right advice across our panel of insurers and can help support you in finding the right policy to cover you and your family but at a fair price.