Do you need Private Medical Insurance (PMI)?
Why should I take out private medical insurance?
Most UK residents are entitled to free healthcare from the National Health Service (NHS). However, a large percentage of the UK don’t have any medical or life insurance in place. When it comes to insuring your home or car it's a no-brainer, so why do so many people not insure their health? Private medical insurance not only gives you peace of mind that you will be provided with the best care should you need it, but it ultimately safeguards the future of your loved ones.
What is private medical insurance?
Private medical insurance is an insurance policy designed to ensure that if you need treatment, you won’t need to worry about NHS waiting lists or paying for medical bills. It gives you greater choice over your level of care at a time and place that is convenient for you.
What are the benefits of private medical insurance?
If you don’t already have private medical insurance as part of your employee benefits package and you can afford to pay the premiums, private medical insurance is worth having.
Essentially, the main benefits of private medical insurance include:
- Increased medical resources
- Reduced hospital waiting times
- A wider range of specialist treatments
- A choice of private facilities
- A choice of time for appointments and treatments