What is Health Insurance?
Health insurance is a type of insurance policy that provides coverage for medical expenses incurred by an individual. Broadly speaking, there are two main types of health insurance in the UK: private health insurance and health cash plans.
- Private health insurance, also known as private medical insurance or PMI, is typically used to cover the cost of private medical treatment and procedures, such as consultations with specialists, diagnostic tests, surgeries and hospital stays. These policies can be customised to meet the specific needs and budget of the policyholder and can even be provided by employers as part of a benefits package.
- Health cash plans are a type of health insurance that provide cash payments to cover routine medical expenses, like dental check-ups, eye exams and prescriptions. They typically have lower premiums than private health insurance policies and are often used as a supplement to services covered by the National Health Service (NHS).
Both types of health insurance can offer peace of mind and help individuals and families manage the cost of healthcare. However, it’s important to carefully consider the benefits and costs of each type of policy before deciding. It’s also important to note that health insurance policies may have exclusions and limitations, so it’s important to carefully read the terms and conditions.
In the UK, we are fortunate to have the NHS, which provides free healthcare to all residents, so private medical insurance is not a legal requirement. However, many individuals and families choose to purchase health insurance to access faster medical treatment, choose their doctors and generally have greater control over their healthcare.
Why Choose KGJ for Health Insurance?
Health insurance is a very broad term, and to get the right coverage to suit your specific needs it is vital to take advice from health insurance professionals to ensure you get the policy you need. All too often we hear from people who have trusted online providers and price comparison sites with their private medical insurance (PMI) policies. When the time comes to make a claim, many discover to their horror that there are exclusions, caveats and “gotchas” that protect the insurer and leave the policyholder without a penny.
As well as ensuring you get a tailored, robust health insurance policy that covers your exact needs, we also speak in plain English to make certain that you fully understand the level of coverage you have. We have access to a wide variety of private medical insurance (PMI) policies and work hard to find a bespoke solution for you. And KGJ is not just at your side when you take out your policy – we’re with you throughout, ready to assist with any concerns, changes and claims.
Contact KGJ to discuss your private medical insurance concerns and needs, always in the strictest of confidence.