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Private Medical Insurance

Private Medical Insurance

Private medical insurance is often known as PMI, or more simply 'health insurance'. It pays for private essential treatments, including surgery, consultations, nursing and hospital care if you fall ill. They won't cover drug addiction, cosmetic surgery, 'regular' pregnancy or incurable conditions.

Private medical insurance can give peace of mind to individuals that they won't have to wait for the procedures or care they might need as the cost of private treatment will be covered. You'll either be treated privately in an NHS hospital or be booked into a private hospital.

There are two types of plan, known as fully underwritten and moratorium. Fully underwritten policies require you to disclose your full medical history to establish what will and won’t be covered. Moratoriums simply impose blanket exclusions on pre-existing conditions going back a set number of years.

Moratoriums are usually cheaper, but watch out – any disorder that subsequently surfaces won’t be covered if an examination shows it arose during the moratorium period.

Most private medical policies charge an excess - the portion of any insurance policy you must pay yourself. For those looking for more comprehensive cover, but who still want to keep costs down, one option is to choose a private medical insurance policy which offers a wider range of benefits but which enables you to select a higher excess.

We can also advice you on Group Life, Critical illness, Income protection and Group Private Medical Health Cover.

Most insurance and protection plans have no cash in value at any time unless stated otherwise. They cease at the end of the plan term. If premiums are not maintained, then cover will lapse.

PP Finances is a trading name of PP Associates Limited. PP Associates Limited is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Conduct Authority.

At outset of our first meeting, we will provide your 'Information about our services' and explain you the cost and charges of our services. This will help you decide if our services are right for you and provide you details of our complaints process and regulatory information.

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Registration address : PP ASSOCIATES LIMITED, 42 Boxtree Road Harrow HA3 6TH

Country of Registration: England and Wales, United Kingdom

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