Ten Questions to Ask About Private Medical Insurance

Seeking the help of an Independent Financial Advisor (IFA) when looking for medical insurance is a good idea. Unbiased.co.uk is a good place to go to look for local advisers that specialise in health cover. An IFA has a large knowledge base and is best placed to compare health insurance policies on your behalf and find the best ones for you. Here are a list of important things that you need to ask your advisor about the policies that they suggest:

1) What is covered in the policy?

2) What is not covered in the policy?

3) What level of cover do I need at the moment and is it something I can afford?

4) Is it possible to negotiate a reduction in price?

5) Are my children covered in this policy?

6) Is the policy fully underwritten or a is it a moratorium policy?

7) Are there any additional benefits to this policy?

8) Is there a voluntary or imposed excess to pay? If so, are there different levels of it?

9) Does the policy have a no-claims discount built in?

10) How much commission will you get for selling this policy to me?

A good IFA will offer you impartial advise on the best health insurance policies for you, they should not be swayed by sales incentives from the private health insurance companies. However, every policy is different and there can be specific things that you want to have included that you may think are standard on policies. It is very important to check the full policy documents (rather than the more general advertising type materials that you may be given initially) yourself.

The advise is to go away, armed with your information and advise and look through the policy documents of the policies that most appeal to you in order to come to an informed decision. Its far better to take this time out now than discover later on that you are not covered for something that you assumed you would be insured for.