Private Medical Insurance
Private medical insurance (PMI), also known as health insurance or private health care insurance, is becoming increasingly popular these days. Whether it's our family members or us, we need immediate treatment for minor ailments that are curable and short-term. Before you choose your PMI, you need to make sure that the more complex your plan is, the higher the premiums you will be paying for it.
Why do people choose PMI over NHS (National Health Service)?
- Quick appointment and fast-track consultations
- Private treatment in an NHS
- Better facilities for patients in the private hospital, such as private rooms, food of choice, and other up-to-date facilities.
Is it only for rich people?
No, not at all. Anyone can buy private medical insurance, as it is available at affordable prices unless you make it more comprehensive with an add-on.
What do I need to check before buying health insurance?
Now this is a very tricky part, and extra care is highly recommended before buying it.
- You need to keep a closer check on what you will be paying
- Ask for the hospital lists
- What all patient fees will be covered
- Watch out for the additional benefits
- What all treatments are covered and what are excluded
What is the best way of making a claim?
Get yourself checked with a GP first. See if he refers you for further treatment. If he suggests a treatment, contact your insurer. Once your insurer approves your claim, book a date for further medical treatment. Most of the time, policy owners fail to have a prior consultation and then come to know about the loopholes. At DM Financial Services, our experts have answers to all such queries.
Is this policy for individuals only?
No. You can buy it for the family as well. You can combine your individual medical policy with family cover.
What must health insurance cover?
- Outpatient treatments
- Day-patient treatments
- In-patient treatments
Is it expensive?
The cost depends on three major factors
- Level of cover
- Personal circumstance
- Policy Conditions