Health insurance cost cutters
Author: Dot Piper
How does 100% off the cost of next year's health insurance premium sound?
This is on offer through the Prudential Insurance
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- Private Medical Insurance. Finding The Right Policy for You
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- Health Insurance and Their Different Types
- A brief intro to the topic of health insurance
- Health Insurance. Its important to know whats not insured!
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- Dental Insurance. Millions forced to opt for private treatment
- Dentists are quitting the NHS in droves. This means that many of us will be forced to buy dental insurance. This article outlines your options.
- Medical Insurance. NHS Consultants go private!
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At the end of the first year there is a discount of 25% and you earn further points and therefore further discounts, by improving your health. Measures such as reducing your blood pressure, taking fitness assessments and regularly visiting the gym are encouraged. Cheap gym membership is on offer. There is a website offering encouragement and handy tips about diet and exercise.
When checked with other medical insurance policies, the Pruehealth policy mentioned above came out more expensive than those of General Medical, Health-on-line ( cheap loans ) and Axa PPP. General Medical, for example, offers their Foundation Plus First Choice policy. The premium again based on a 40 year old non-smoker, male or female, is £48.05. The excess is £100.
As the cost of insurance rises with age, inevitably the insurers are going to have to recoup their costs. Some work their premiums out based on age bands ( unsecured loans ) and the cost of insurance can jump sharply as you move up from 40 to 49, 50 to 59 and so on. Rather than sudden increases in the premium, many companies increase by a smaller amount, but apply this yearly.
At a time when private medical insurance seems to be roaring away ( life insurance advisers ) and the very people that need it most are starting to cancel their policies, it's clear that something needs to be done. Medical inflation accounts for an 8% rise in premiums per year, as new drugs and diagnostic equipment cost soar.