Do I need Medical Insurance?

Private medical insurance provides swift, high-quality care in comfortable surroundings, and may be right for you if you do not wish to risk being placed on a NHS waiting lists for non-urgent treatment. It also gives you more choice as to which specialist consultants and surgeons treat you, and more flexibility as to when that treatment takes place. Some people may already be covered through workplace schemes. If not, medical insurance need not be expensive – although the more comprehensive policies will inevitably cost more – and it represents a good investment if you can afford it, and seek the additional peace of mind it can bring.

To find out more simply give Albany Park Finance a call on 0203 019 4200 – or request a quote using our online form. We offer friendly, expert assistance over the phone and a member of our fully-trained team will call you back to discuss your needs more fully.

What is Medical Insurance?

Medical insurance is designed to cover the costs of private treatment for many medical conditions that arise after your policy begins. It usually covers all types of diagnostics – including scans and X-rays – to investigate the disease, illness or injury, and then provides the best possible treatment. A vast range of operations are commonly performed, including hip replacements and knee surgery.

However, medical insurance does not cover every medical eventuality – such as accident and emergency treatment, which the NHS remains best-suited to provide. Other exclusions include transplants, and treatment for chronic conditions such as asthma and diabetes. Not all policies include out-patient treatment, and some exclude mental health issues. It is important to make sure that your policy meets your requirements.

For more information call Albany Park Finance on 0203 019 4200 – or request a quote using our online form. We offer friendly, expert assistance over the phone and a member of our fully-trained team will call you back to discuss your needs more fully.

Types of Medical Insurance

There are several types of medical insurance policy. You can buy individual cover for yourself, or joint schemes which cover you and your partner; there are children’s policies, and family schemes which include everyone. In general terms, medical insurance will be cheaper when you are younger, and will become more expensive as you get older and more likely to need medical treatment. A non-smoker will benefit from lower premiums than a smoker, and in some cases an individual who can demonstrate, say, that he goes to the gym four times a week, can also get a better deal. But the cost can vary enormously depending on the level of cover required.

People who do not want or cannot afford full medical insurance may find that a relatively inexpensive healthcare cash plan is a good alternative. For a small monthly premium these policies refund a percentage of the cost if you need a check-up at the dentist or an eye test at the optician’s. There is a limit to the sums these policies will pay out annually, but for many people they represent good value for money. The better schemes may also contribute towards the costs of treatments such as physiotherapy, chiropody, acupuncture and homeopathy.

If you’re interested in medical insurance why not give Albany Park Finance a call on 0203 019 4200 – or request a quote using our online form? We offer friendly, expert assistance over the phone and a member of our fully-trained team will call you back to discuss your needs more fully.