Health Insurance Renewals Guide
Compare Quotes Now- Switch and save an average of 40%
- Free expert comparison service
- Rated excellent on Trustpilot
Explore our in-depth guide to everything you need to know about renewing your health insurance policy and the importance of reviewing your policy at renewal stage.
If you don’t have time to read the guide in full now, download the PDF or get in touch with one of our friendly, expert advisers for a free comparison, advice and recommendations.
What is a health insurance renewal?
A health insurance renewal happens annually, when you need to renew your policy to continue your cover.
During this time, your insurer will typically recalculate your premiums, based on a range of factors including your age, claims history and medical inflation.
You’ll usually be contacted ahead of the end of your policy year with the new quote, giving you time to consider if you want to continue with that insurance provider.
You do need to renew your health insurance every year to make sure you keep your cover and are able to claim if you do need private treatment.
Your insurer will expect you to let them know if you don’t want to go ahead with the updated policy, then you can choose to cancel. If you don’t contact them, your policy will renew with your new policy and premium in place.
You’ll have a 14-day cooling off period to make any changes, amendments or cancel the plan.
It’s worth taking the time to review your policy at the renewal stage however; to be sure you’re getting the best cover for your needs at the best price.
Why review your health insurance at renewal stage?
Reviewing your health insurance at renewal stage is important to make sure your policy still matches your needs and to be sure you’re still getting the best deal available to you.
Things to consider at renewals stage include:
Does your policy still cover you for everything you need it to?
You may want to add mental health cover or extended out-patient cover
Have your circumstances changed?
You may want to add a child or partner to the policy
Is your policy rewarding?
Could you be benefiting from more rewards and discounts with a different insurer?
Reviewing your policy can take time, as does comparing policies from different insurers. But it can be made simple with the support of a health insurance intermediary like Usay Compare.
Working with Usay Compare can help you to easily identify any changes or do a quick comparison of the leading UK insurers to make sure you’re getting the best cover at the best price.
Do premiums increase with each renewal?
You can expect health insurance premiums to increase each policy year. There are a range of factors that affect the rise in premiums, including: rises in medical costs and technology, the increased cost of living and your age.
When you get older, health insurance premiums tend to rise as the risk of needing to claim gets higher. If you have previously made a claim on your policy, you’ll also find this can cause your premiums to increase. This is due to their being more chance of you claiming in the future and loss of No Claims Discounts (NCD).
Can I switch health insurance providers at renewal stage?
If you’re happy with the renewal quote offered, you can continue with the health insurance policy you have in place. However, you can switch health insurance providers at renewals stage if you find a more suitable policy for your needs.
It’s easy to switch and if you do use a comparison service like Usay Compare, the whole process will be managed for you, from cancelling your policy to setting you up with your new insurer.
%20(1).png?width=2000&height=176&name=Insurers%20logo%20(1)%20(1).png "Insurers logo (1) (1)")
We save new customers an average of 40% when they switch health insurance providers.
It’s always worth doing a comparison at each renewal to make sure you’re getting the best deal and not paying more than you need to.
How to renew health insurance?
You can renew your health insurance policy directly with your insurer if you’re happy to go ahead with it. This usually means you’ve accepted their new quote for their policy renewal.
Or you can take time to see if a more suitable, better priced policy is available to you.
How does switching policies work?
Have a free 45-minute consultation with an expert adviser. They’ll get to know your needs and requirements and give you the opportunity to ask any questions. They’ll compare quotes and recommend the most suitable policy for you.
Then you can consider the options available to you and make an informed decision on the right cover for you.
If you go ahead with the switch, the whole process will be managed for you, from cancelling your old policy to setting up your new one.
You’ll have access to continued support throughout the duration of your policy. You can get back in touch when it’s time to renew to see what options are then available to you.
Get a quote!
Compare the best health and life insurance policies on the market by filling in the short form below.
Thank you, John
Oops, there has been a slight hiccup, please contact customer service on 01285 864670.
We will be in touch shortly to run through your free tailor-made quote from UK’s leading insurers. Our prices won’t be beaten with our best price guarantee.
At Usay we take your data security very seriously and we will not sell your data to third parties. By clicking search now you agree to allow us to contact you regarding your free, no obligation quotation by email or phone. Please see our Privacy Policy and general terms.