Private Medical Insurance - How It Works

What is Private Medical Insurance (Health Insurance)?

PMI is a type of insurance where the customer pays a monthly or annual fee in exchange for access to private healthcare should they fall ill or injured.


The access granted is often weeks or months quicker than the NHS. This is one of the main benefits of Private Medical Insurance, but many say feel reassured by the product, that it gives them peace of mind – this is another major selling point of PMI.


You also usually get to choose what specialist or hospital treat you in the event of a claim, though this choice may be limited by the level of cover you have purchased. For example, there are different hospital lists available as different options on our insurer policies; the central London hospital list will always be more expensive than a less prestigious list, for example.


How Does It Work?

When you get some symptoms you go to your GP. From there, they refer you to a specialist for diagnosis and treatment. A good mid-range plan will offer up £1000 in outpatient cover, whereas a comprehensive policy should cover all outpatient cover in full.


A more basic policy will restrict the out-patient cover, and only cover inpatient charges. All policies include inpatient cover as standard.


What About The NHS?

It’s important to remember that private health is not meant to replace the NHS; it is just meant to complement the state service. The NHS provides a very good service for millions of people in the UK today; some simply want a speedier and higher grade level of treatment for them and their families, so go for PMI.


Some things are not covered by private health, and are better looked after by the NHS – such as A and E, and maternity. The NHS picks up aspects such as these, whilst PMI takes the strain off the healthcare system by treating acute conditions quickly and effectively.


The idea is to treat you to a high standard privately and get you back quickly to your normal, good level of health as soon as possible.