Private Health Insurance

Private Health Insurance

Author
Discussion

blindswelledrat

25,257 posts

233 months

Friday 27th May 2016
quotequote all
bad company said:
blindswelledrat said:
Mind me asking what you've been quoted at your age and what it doesn't cover?
I always had it in my head that it becomes unaffordable in your 60s.
£219.14 monthly for both of us, I'm 60 & Mrs BC is still 59 (just). We don't smoke and our BMI is low.
Wow, much less than I thought. Obviously a lot more than a 40 year old (I think I pay £60 pm for a family of 5) but still affordable.

The_Doc

4,893 posts

221 months

Friday 27th May 2016
quotequote all

From my end, BUPA are at the bottom of the pile and interestingly WPA are at the top.

I don't pay premiums though, I deliver the product

Biglips

1,338 posts

156 months

Friday 27th May 2016
quotequote all
The_Doc said:
From my end, BUPA are at the bottom of the pile and interestingly WPA are at the top.

I don't pay premiums though, I deliver the product
This is spot on.

craig1912

3,311 posts

113 months

Friday 27th May 2016
quotequote all
Try a broker to get decent advise as there are so many variations of cover.

www.usaycompare.co.uk

Aviva are one of the few health insurers that are growing- for a reason

BrownBottle

1,373 posts

137 months

Friday 27th May 2016
quotequote all
Probably a daft question but if I took out a policy now at 39 say it's £30 a month does it always stay that price or does it increase as you get older?


numtumfutunch

4,728 posts

139 months

Friday 27th May 2016
quotequote all
The_Doc said:
From my end, BUPA are at the bottom of the pile and interestingly WPA are at the top.

I don't pay premiums though, I deliver the product
Agreed

968

11,965 posts

249 months

Friday 27th May 2016
quotequote all
numtumfutunch said:
The_Doc said:
From my end, BUPA are at the bottom of the pile and interestingly WPA are at the top.

I don't pay premiums though, I deliver the product
Agreed
Agree here too though I am finding nearly all of them incredibly difficult to deal with and refuse to cover their customers for anything. Hilariously they now won't provide expensive NICE approved treatments because the NHS can offer them, but with a wait, which slightly defeats the object. I am a consultant with a reasonable private practice but don't have private health insurance as I think it's a waste of money. You're better off having savings aside to pay for the occasional use that insurance will provide and often change the terms of cover without informing clients.

wiggy001

6,545 posts

272 months

Friday 27th May 2016
quotequote all
bad company said:
£219.14 monthly for both of us, I'm 60 & Mrs BC is still 59 (just). We don't smoke and our BMI is low.
Serious question: have you considered how much treatment/consultant time you could buy with those premiums?

As a family we have had cause to pay privately for consultants in the past - if anything serious is found then the NHS takes over and, as you say, they are pretty good for the serious stuff. For less serious stuff you £219 a month buys a lot of help.

For example, a decent Osteo at £50ph should be able to detect a slipped disc.

Steve Campbell

2,138 posts

169 months

Sunday 29th May 2016
quotequote all
wiggy001 said:
Serious question: have you considered how much treatment/consultant time you could buy with those premiums?

As a family we have had cause to pay privately for consultants in the past - if anything serious is found then the NHS takes over and, as you say, they are pretty good for the serious stuff. For less serious stuff you £219 a month buys a lot of help.

For example, a decent Osteo at £50ph should be able to detect a slipped disc.
Exactly what I was thinking. Think I'd be tempted to just create my own healthcare bank account and plough £440 a month into it.

bad company

Original Poster:

18,623 posts

267 months

Sunday 29th May 2016
quotequote all
Steve Campbell said:
wiggy001 said:
Serious question: have you considered how much treatment/consultant time you could buy with those premiums?

As a family we have had cause to pay privately for consultants in the past - if anything serious is found then the NHS takes over and, as you say, they are pretty good for the serious stuff. For less serious stuff you £219 a month buys a lot of help.

For example, a decent Osteo at £50ph should be able to detect a slipped disc.
Exactly what I was thinking. Think I'd be tempted to just create my own healthcare bank account and plough £440 a month into it.
We have been doing that for the year but at a lower level, £250 monthly between us which is probably not enough. Why do you suggest £440? That's just about double the quote from WPA 9.5% of which is insurance premium tax.

Edited by bad company on Sunday 29th May 10:53

Jockman

17,917 posts

161 months

Sunday 29th May 2016
quotequote all
We as a Company use a Broker and are currently with Bupa but no claims this year so cannot advise on service. Previous claims with previous Insurers all been well handled.

We refuse to go above £200 excess and we analyse the policies carefully to remove unnecessary items - maternity, dental, optic, private ambulance etc.

Despite high healthcare inflation we have kept it to about £700 per couple pa over the years (all 47 to 56years). Will be a slight increase this year as 1 Director hits 50 and so enters a new 5 year bracket.

Will start to add in mental cover in the next few years as we all move in to our 50s.

JumboBeef

3,772 posts

178 months

Sunday 29th May 2016
quotequote all
bad company said:
£219.14 monthly for both of us, I'm 60 & Mrs BC is still 59 (just). We don't smoke and our BMI is low.
So over the next ten years you'll be paying £26+ thousand on the off chance you'll need to jump a que.....?

AlfaPapa

277 posts

161 months

Tuesday 31st May 2016
quotequote all
The_Doc said:
From my end, BUPA are at the bottom of the pile and interestingly WPA are at the top.

I don't pay premiums though, I deliver the product
I agree from a different perspective. Bupa negotiate purely on price. WPA amongst other smaller insurers negotiate services available, quality as well as extended provisions and benefits for their customers.

Steve Campbell

2,138 posts

169 months

Wednesday 1st June 2016
quotequote all
bad company said:
We have been doing that for the year but at a lower level, £250 monthly between us which is probably not enough. Why do you suggest £440? That's just about double the quote from WPA 9.5% of which is insurance premium tax.

Edited by bad company on Sunday 29th May 10:53
Apologies, misread cost as £220 each.

Still stand by the comment though. As noted above, £26,000 over 10 years for something you may not need. That buys you a hell of a queue jump, especially as you indicate critical stuff would go via NHS anyway......however, I do understand this is a "peace of mind" thing so depends how much you want to spend to get that mental security.

Sorry can't really help on the advice though ! I've had private healthcare through work for years, I leave this week but am not going to take personal cover.

Edited by Steve Campbell on Wednesday 1st June 10:34