It is true to say that you never know what’s around the corner or what kind of catastrophe could befall you at any given moment. Everyone assumes that they are always going to be in the best of health.
But what if your health suddenly takes a nosedive or an accident happens that prevents you from working? How will you pay your bills and look after your family if the worst happens?
This is where it pays to have a good health insurance policy in place. But, with so many different types of policies on the market, how do you know which is right for you?
Why Do You Want Health Insurance?
Firstly you need to decide why a policy might work for you. For example, do you want the option of speedier private treatment? Or, do you want cover for specific illnesses such as cancer, MS or any other condition likely to involve a lengthy treatment and recovery time?
Whatever your reasons for needing health insurance, be aware that you will always be required to fully disclose these and details of any existing health conditions you may have. This is so that you can be directed towards the right policy.
Research as Many Avenues as You Can
Firstly, work out what you want to pay. Comprehensive policies will offer greater cover. But, they are more expensive, whereas cheaper policies cover less.
If there are no complicated reasons for wanting health insurance and you just want a straightforward policy then a health insurance comparison site will give you a range of policies and prices to go at. Be aware that these may not be as comprehensive as you would like. They may also omit cover for various conditions.
Or, you can try ringing a broker or specialist health insurance provider. This can take longer. But, by speaking directly to someone you could be offered a bespoke policy not available through comparison sites.
Get Several Quotes
Get as much detail as you can for each quote. Then, sit down and carefully go through them all. Make sure you read the small print. This can be tedious but at least you’ll be aware of any exclusions and conditions, which could potentially mean a smaller payout or less cover than you expected.
Look for the cost of any excess you have to pay if you make a claim. Also, it would be a good idea to check if there are any limits on how many times you can claim both for different conditions or for a recurring condition. Is there a monetary limit on how much you can claim? Look at the cover you are offered and make sure it is everything you need; does it cover you for any tests or surgery you may need and does it cover you for all illnesses, including long term conditions, or accidents, or only for certain acute, short term conditions? Would you be covered for private treatment or just NHS treatment?
Take your time when choosing and don’t be rushed into signing up in order to get the best policy for your needs.