Health Insurance- Myths and Facts

Your health is your most valuable asset, and you can't put a price on it. But many people believe that medical insurance is a luxury they can't afford. This article will clear up some of the common misconceptions about health insurance, and help you save money on your premiums.

Myth #1: "Health Insurance is really expensive"

With health insurance, your premiums will directly affect your level of cover. But there are other ways to save money on your health insurance policy without sacrificing your policy. Increasing your excess is a way of reducing your premiums dramatically.

You can also save money with a six week wait option, with which you can be sure you will never wait longer than six weeks for treatment. This option can cut your premiums by as much as one third, although it may mean receiving treatment on the NHS.

Myth #2: "I get good service from the NHS, I don't need health insurance"

'The postcode lottery' refers to the huge variation in NHS hospitals across the UK. Whilst some hospitals are reaching their waiting list targets, many are falling below the acceptable standard.

Check out your local NHS hospital to see what they are doing well, and what they are doing badly. When choosing a policy, make sure it supplements the service you already receive on the NHS. If your local hospital is not hitting its waiting list targets, health insurance will allow you to bypass the queues.

As well as supplementing the NHS, health insurance gives you many extra benefits to make your recovery quicker and easier. Private rooms give you privacy and dignity with the use of extra facilities. You are also less likely to catch one of the super-bugs prevalent in NHS hospitals, like MRSA and C- Difficile.