Hot Topics

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.
How Do I Buy Private Medical Insurance?: You can buy private medical insurance from a variety of sources, there are now at least thirty four Insurance companies and many more brokers who specialise in Private Medical Insurance.
I Have a Pre-existing Medical Condition - How Does This Affect My Insurance?: Private medical insurance does not normally cover a pre-existing medical condition.
What Will Affect My Premium In Future?: Premiums are rising over time, and will continue to rise. There are a number of reasons for this, as detailed below.
What Is a ‘moratorium' Cover?: Moratorium cover means to take a private medical insurance policy without providing any medical history.

Will My Premiums Increase As I Get Older?

Your private medical insurance premiums will increase with age because you are more likely to make a claim for medical treatment.

Here are some examples of general comparisons, provided by the Association of British Insurers.

If you are aged 45 you will pay 25% more than if you were 35
If you are 65 your policy will cost double the amount than if you were aged 45

Exact figures vary according to the insurer, but these figures give you a general idea. To see what your policy will be in 5 or 10 years time, you can ask your insurer to provide a quotation.

You may find if you are aged 65 or over you won't be able to get a medical insurance policy. However some insurance companies stretch to the age of 75 years for new policy-holders.

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