How To Reduce Medical Insurance Costs UK
Get More Cover For Your Premium or Just Lower Your Premium
If you called us if you have health insurance already one of four things will happen.
-
We will reduce the cost of what you are paying currently
-
You’ll get more cover, a better policy for the same money
-
We might reduce the cost of your cover and get you a better policy
-
Or finally we sometimes say, 'you’ve got a great deal the best thing to do, is do nothing.'
If you don’t have medical insurance, we’ll answer any questions that you care to ask and provide you with a quote, if you think medical insurance is for you.
So how can you reduce the cost of your health insurance?
1. Use a Medical Insurance Broker - I’ll get the self promotion out of the way first! ‘talk to a broker like us who is part of a larger business that has buying power with the insurance companies to get a competitive quote.’
2. Increase Your Excess - Just like car insurance you can pay an higher excess and get a bigger discount.
3. Change the hospital choice - You can select different types of hospitals.
4. Get rewarded for being healthy - You could consider PRUHEATH’s vitality programme and get discounts for staying fit and healthy.
5. Look at no claims plans - You can get discount, i.e. a No Claims Discount Plan.
6. Reduce the scope of your cover - to remove cover that you don’t require. There is no point in being over insurred.
7. Select a waiting period, for example; On a 6 week waiting period, if the NHS can provide treatment locally within 6 weeks, you would use them. But if they cannot, then the policy will arrange treatment without a waiting time.
8. Lifestyle - Make some lifestyle changes such as giving up smoking, taking regular exercise.
9. Pay annually Some insurers offer a discount if you pay annually rather than monthly.
10. Pay by debit card or cheque Paying by credit card is expensive. The interest paid can be expensive. Some companies charge a small fee for paying by credit card.
These are just a few of the ways you can cut the cost of medical insurance. Call for further information about other options.
Obtain you free consultation now, find out how we can help you with competitive quotes and advice.
Health Insurance Search are independant medical insurance brokers, based in the UK helping you get the best medical insurance for you your family or your company.