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- What Exactly Is Private Medical Insurance (PMI)?
- Private Medical Insurance (or Private Health Insurance as it is sometimes known) insures you against the costs of private medical treatment for curable short-term or ‘acute' medical conditions.
- What Is Covered By Private Medical Insurance?
- Private Medical Insurance is designed to cover only treatment for curable, short term illness or injury. Some illnesses and treatments can never be expected to be included in any policy.
- What Is Not Covered By Private Medical Insurance?
- Private Medical Insurance plans do not cover chronic or critical illnesses which cannot be cured, for example multiple sclerosis, asthma or diabetes.
- Where Would I Get Treatment?
- There are a number of private hospitals in the UK – in your area there will probably be at least two hospitals at a convenient distance, depending on whether you live near a town or city.
- Can I Choose The Hospital For Treatment?
- When you first sign up for your policy you will choose the hospital that you wish to be treated at. It's up to you to make sure that the hospital has a good reputation, is at a convenient distance, and offers good all-round services.
What Happens If I Want To Move To Another Insurer?
If you have a current private medical insurance plan but wish to change to another insurer then it is possible to ensure that you receive a plan on "no worse terms." This is known in the trade as a CPME plan.
This simply means that the underwriting company of the new plan will offer you cover on the same terms as the previous plan, and a good professional adviser specialising in this area should be able to help. This also means if you have had claims or exclusions from cover, these too will be carried forward or considered by the new insurer.
This CPME transfer method means that you have continuity of cover if you are presently undergoing treatment, or if you have had treatment in the recent past and are concerned that the condition may reoccur.
Incidentally, you may like to know that (See what exactly is PMI ?)