Private Healthcare FAQs

23rd July 2019


What is Private Healthcare?

No one likes being ill but, when you’re a Contractor and your income relies on your ability to work, it’s vital you get back on your feet as soon as possible. A Private Healthcare plan means that you and your family can have access to the best health facilities, without the wait times, so you can protect yourselves from any health issues (and subsequent financial strain) that might come your way.  


What does Private Healthcare cover?

Private Healthcare plans are typically designed to cover acute medical conditions. This includes short term illnesses, treatable diseases and injuries which, through care, you are likely to make a full recovery from. If you have an existing chronic condition it’s likely that this will be excluded from any cover you take.


Why do Contractors need Private Healthcare?

Unlike other forms of insurance, Private Healthcare tends to be viewed as optional. This is because we are fortunate to live in a country that offers an extensive National Health Service that will cover most treatments for free. However, due to long waiting lists and lack of choice, it could also benefit Contractors to have Private Healthcare in place.

As a Contractor, if you can’t work, you can’t earn. With a Private Healthcare policy you can rest assured that if you do have an illness or injury, you’ll be able to get back on your feet and back to work faster than usual.


Are pre-existing conditions covered?

Private Healthcare is designed to cover conditions that you may develop after taking out the policy. However, depending on the insurer, you may be able to cover pre-existing medical conditions. Keep in mind that this will have an impact on the cost of your premiums however.


What are the benefits of Private Healthcare?

Getting help faster – Being seen quickly is one of the many reasons Contractors consider Private Healthcare. If you’re unable to earn due to an illness or injury, Private Healthcare will get you back on your feet faster than regular NHS services.

Access to more – You may have access to better care as well as medication and treatments that are not yet available on the NHS.

Privacy and choice – By purchasing Private Healthcare you often have more choice and greater privacy. You may be able to choose a hospital or doctor and even request your own private room – this wouldn’t be available to you if you used the NHS.


What factors affect the premium?

There are many factors that can influence the cost of your premiums. Typically your age,  current health and medical history, but your job may also have an impact if it is seen a risky profession. If you’re a smoker you may have higher premiums than non-smokers.


What’s important to consider when looking for Private Healthcare?

When looking to get a Private Healthcare policy, it’s important for you to understand what type of cover you require. Do you want comprehensive cover (which will cover you for everything) or a policy that simply covers you for outpatient visits?


You may also need to consider what could be affecting the price of your premium. To get the best possible cover won’t be the cheapest but you can’t put a price on your wellbeing when you’re a Contractor. This is why it is best to speak to an adviser to find out the level of cover you need to suit you and your circumstances.


How can I set up a Private Healthcare policy?

When it comes to things as important as protecting our health and finances, we believe that you should receive the best impartial advice. To set up a Private Healthcare policy, or if you have more questions and want to speak to an expert, get in touch.  

All content is accurate at the time of publication

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