Is private health insurance worth it?

Published on: February 21, 2021
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In the UK, we know how lucky we are to have the NHS providing free healthcare for everyone who needs it. However, it’s no secret just how strained its services have become, which is why more and more people are turning their attention to private health insurance plans.

Regardless of the cost, many simply want the peace of mind that they can access effective treatment as quickly as possible.

We help a lot of people who are very interested in the benefits of a private healthcare insurance policy, but ultimately don’t know whether private health insurance is worth it. You probably have a lot of questions yourself, which is why we’ve put together this easy quote form and guide explaining everything you need to know about private health insurance.

What is Covered by Private Health Insurance?

Put simply, private health insurance covers medical treatment for acute conditions. Unlike chronic conditions like diabetes, epilepsy and heart disease, long-term illnesses that tend to be incurable, an acute condition occurs quickly and suddenly, with resolvable symptoms. Examples include broken bones, burns, flu, heart attacks and pneumonia.

However, the level of private health insurance cover you receive will depend on the private health insurance you choose. Some will offer limited medical care, while others may give you access to specialists. Every policy falls into one of three categories:

  • Basic: Covers inpatient treatment, which is any medical care requiring a hospital bed or an overnight stay.
  • Mid-range: Covers both inpatient and outpatient treatment. Mid-range cover will often include what we call ‘limited outpatient cover’, which restricts the number of consultations you can claim per year. Some providers will then cover all diagnostic tests and scans in full, while others only offer limited cover.
  • Comprehensive: The highest level of cover. Details depend on the provider, but the main difference between mid-range and comprehensive cover is that comprehensive usually doesn’t put limits on outpatient care.

Many providers will also let you include additional health insurance cover options, such as mental health, cancer, and private GP cover, if these aren’t already included in your policy.