Health insurance is insurance that covers the whole or a part of the risk of a person incurring medical expenses. In this article, you will learn about health insurance along with comparisons for finding the best health insurance for you.
Health insurance
What is a health insurance?
Health insurance is insurance that covers the whole or a part of the risk of a person incurring medical expenses.
The NHS (National Health Service) is a publicly funded healthcare system that provides coverage for everyone living in the UK. It is not strictly an insurance system because no premiums are collected, costs are not charged at the patient level, and costs are not pre-paid from a pool.
Private health care has continued privately in the UK, and is used by less than 8% of the population. It is generally used as an addition to the NHS services.
What is a medical / health insurance for travel?
Travel insurance can provide coverage if you face expensive medical bills due to injury or falling ill, or if something goes wrong on the trip. There is coverage available for single day trips, and all the way up to a 12 month multi-trip policy. It can be for individuals, couples, families, or groups.
Cheap health insurance: Compare quotes and the market
The easiest way to get cheap health insurance is to use one of the many online comparing services. We have listed some of the major players below:
What is the best private health insurance in the UK?
According to BoughtByMany, there are several options for private health insurance. This site collected its list with an independent financial researcher combined with customer ratings to find the best private health insurance policies.
When looking at private health insurance, it’s important to consider a policy flexible to your needs. You may want to consider:
- Access to quicker diagnosis
- More convenient hospitals
- Cover for specific illness or drugs
Read more: BoughtByMany
Is private health insurance worth it?
The UK is fortunate to the NHS, the National Health Service, to provide universal healthcare to everyone. However, there may be some circumstances where you may want to consider private health insurance.
Private health insurance can help avoid waiting lists for referrals and treatments, access to expensive cutting-edge treatments and drugs, and choice in preferred hospital and doctor. Due to this, it may be possible to reach a comprehensive diagnosis faster on private health insurance. The NHS has a limited supply of machines and funding for treatment. If you have a medical condition that may need faster and specialized treatment, private health insurance may be an option.
Selected health insurance companies
Here is a list of some selected health insurance providers:
Health insurance at Bupa uk
Bupa is one of the UK’s leading healthcare specialists.
Read more: Bupa
References
https://en.wikipedia.org/wiki/Health_insurance
https://www.moneysupermarket.com/travel-insurance/
https://boughtbymany.com/news/article/best-health-insurance-uk/
https://boughtbymany.com/news/article/health-insurance-worth-having/
