This month's 'DeskLodge Expert Series' blog comes from Steve of WPA Healthcare. He says:
“Health insurance can seem quite daunting to understand for many people due to all the medical jargon and terms and conditions that can surround some policies. This can lead to so many misconceptions about health insurance, what it can be used for and the cost of it. We like to make health insurance easy to understand for everyone and have decided to look at some of the common myths surrounding health insurance and give you the facts to help you make a better informed decision when looking at health insurance for you, your family or your business."
At WPA, our insurance policies are tailor-made to suit any budget and to ensure that the best level of cover is provided. We have a wide range of policies ranging from simple cash plans to full private medical insurance.
Being young and healthy is the ideal time to look at medical insurance! A lot of people don’t think about insurance until they have a need to use it, by which point they may be looking at exclusions on a policy and being ineligible to put in the claim that they need the most.
Buying health insurance at a young age will be cheaper and also acts as protection against illnesses or accidents that you may not expect that could result in the need to see a specialist or result in hospitalisation.
WPA do not require customers to undergo a full medical examination before taking out health insurance. There is a simple questionnaire that can be filled out when applying or a declaration of health.
It is commonly thought that if you smoke then there is no reason to look at health insurance as you won’t get insured. This is untrue, individuals who smoke have increased risks to their health but will still be eligible to take out health insurance, however on individual policies they will be required to pay a slightly higher premium due to the risk that this brings. Corporate policies do not pay higher premiums for smokers.
It is always best to discuss pre-existing conditions with us. It will not necessarily mean that you will never have cover for the current condition as there is an underwriting option that will allow them to be covered after a certain period of time if it is not ongoing. WPA will not increase your premiums based on your health at the time of applying for insurance.
Many people think that having private medical insurance isn’t worth the premium as they will self-pay if they wish to be seen privately for something when the NHS wait is too long. Often the cost of one relatively minor procedure would pay for many years premiums.
"Ultimately, it is important that when you are looking to buy health insurance that you fully understand the level of cover that you have chosen, how the underwriting works and the limitations of your policy. Ensure that the policy that you buy fits in with your financial needs as well as your healthcare needs.
At WPA we offer free consultations and will happily explain everything in detail to you. WPA has a wide range of policies for Individual and Self-Employed people and businesses where we need only 2 employees living at different addresses and can be tailored to suit any budget and that can help cover the cost of everything from tests and treatments to hospital parking, as well as giving you freedom of choice when it comes to your service provider.
Please get in touch with me to learn more, give me a call, email or message me to see how I can help, either by ☎️ 07919 480159 or 💻 email steve.windaybank@wpa-hcp.org.uk“.
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