What types of private medical insurance are available?

There are three main types of private medical insurance available in the UK:

  • Personal insurance – Personal or individual insurance can cover you as an individual, or your whole family.
  • Self-employed insurance – This is an insurance option for those who are self-employed or work on a freelance basis. It is possible to include other individuals within this cover such as company directors but you would need to check with the insurance company.
  • Group insurance – This is when companies or businesses buy private medical insurance cover for their employees. This is taxable and you will not get a say in what the insurance covers. Employers may also offer employees a voluntary scheme in which insurance is offered at a cheaper rate and taken out of their wages. Once again, the employee would have no say in what this insurance covers. However, there are instances when the employee can choose the cover but not the insurance company as part of work perks.

There are certain treatments such as dental insurance which you may be able to have included in your policy, known as a ‘bolt on’. This increases the cost of insurance but may be a health concern that you are particularly concerned about. Chronic injuries or illnesses such as diabetes are almost always excluded from private medical insurance policies.

Private Medical Insurance Guide Index:

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