Comparing Health Insurance Costs

The cost of health insurance varies greatly from provider to provider. A lot depends on what the policy is offering. Generally the more a policy offers the more expensive it is. However finding the best private medical insurance for you is about finding a balance between what you can afford and what you would like to be covered for.

Comprehensive Family Health Insurance Comparison
A non-smoking couple (aged 28 & 30) with two children (2 & 7) wanted a £100 excess:

• £126.76 PRU Health Comprehensive
• £109.15 AXA Healthcover Deluxe
• £80.99 with Freedom Diamond Plus Medical Insurance (including therapies)

Mid Range Medical Insurance Comparison
Cover for 36 and 38 year old non-smoking couple:

• £100.49 BUPA Client Choice - £0 excess
• £89.87 AXA Healthcover Plus - £100 excess
• £59.17 with Freedom Gold Health Insurance (Inpatient & Outpatient) - £100 excess

Basic Health Insurance Comparison
Cover for two 33 year old married non-smokers

• £65.36 BUPA Client Choice - £250 excess
• 47.26 AXA Healthcover - £100 excess
• £28.19 with Freedom Diamond Health Insurance (Inpatient only) - £100 excess

As you can see from these comparisons Freedom Health Insurance provides the cheapest health insurance. They can provide lower costs because they work in a slightly different way than conventional private medical insurance. Freedom pay you cash for inpatient procedures so that you can use this money to pay for your own health care. This enables you to negotiate your treatment costs.

There have been several stories noting that health insurance companies pay more for operations and procedures than individuals who seek out private treatment.

Being paid cash directly from Freedom also means that you can choose to keep the money and be treated on the NHS if you are happy with the waiting time you are given. Some people even choose to have cheaper treatment abroad and combine this with a holiday.

It is important whenever you are purchasing health insurance that you research well and read the small print in the policy documents so that you are fully informed of the details of any policy.