Why Switch Medical Insurance Providers?

With the credit crunch affecting everyone at some level we are all trying to cut back on wasted spending. No one wants to get rid of their health insurance as it provides us with greater peace of mind but one way to save money is to check over your health insurance policy document to see whether there are any features which you do not want or need. You could reduce your premium by reducing your cover with the same company or you could look to switch medical insurance providers.

If you are looking to get rid of your health cover it is worth considering that this may be a shortsighted decision. Apart from the obvious implications to your health you will also loose your no claims discount which you would have kept if you had just switched to a cheaper provider.

Switching to a different provider couldn't be easier and most companies offer you hassle free underwriting transfer service where you will not be asked to fill in lengthy medical information again. The most important thing you can do is to research the market to find the best health insurance cover for you. This is easy to do on the Internet because many companies offer you an instant online quote. It is well worth looking out for health cover providers who offer discount incentives for you to swap to them. Norwich Union, for example, is currently offering three free months of cover if you switch to them.

The only thing to look out for is whether the company you want to switch to covers you for any pre-existing condition which is currently covered by your current health insurance provider .