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There are a number of benefits to be had from taking out medical insurance that offer a whole host of positives, yet many are sceptical in taking out a policy and are instead quick to overlook the outstanding solutions medical insurance can provide. Let’s take a look at what medical insurance can offer you and your family and the reasons why medical insurance is so important to our lives.

What’s covered?

Medical insurance differs between the providers that you look at, with each one offering different levels of cover. Generally speaking, you will usually pay a monthly or annual premium and the policy will then pay out – up to specified cover limits – for certain treatments you or your family may need in the future. Medical insurance is designed to meet the costs of having private medical treatment for an acute illness or injury on a short term basis. Depending on the type of policy you take out, this could include a private room in a hospital, specialists’ fees, out-patient treatment, such as physiotherapy, and daycare treatment, including surgical and diagnostic procedures. When taking out a new policy, it’s worth noting that medical insurance comes with certain exclusions for things such as chronic illness, elective treatment and treatment abroad. Before you settle on your policy, remember that many treatments are available on the NHS, so it’s important to consider if medical insurance is the right choice for you and your family.

Why choose medical insurance?

In the modern world, our lifestyles are changing more rapidly now more than ever before. This shift in the way we live and function has made us prone to a wider range of health problems. Commuting, hectic work schedules, bad eating habits and rising levels of pollution are all contributing factors to our physical and mental health. With so many possible contributors to poor health around us, taking out medical insurance that will protect you and your family if you were to fall ill is a simple and cost-effective solution that will give you peace of mind about the future of you and your loved one’s health.

When should I get cover?

There isn’t necessarily is a perfect time to take out medical insurance as there are many contributing factors that can affect both the cost and the cover that your policy provides. However, it is key to note that if you buy medical insurance at an early age, you a more likely to pay less for the policy since premiums for medical insurance do increase with age because of the associated risks.

Alongside your age, medical insurance policies are shaped by a number of health-related factors. For example, your own medical history will be noted based on if you have diabetes or high blood pressure, as well as your family’s health history in the case of conditions such as heart disease. Your lifestyle choices, such as smoking habits and weight can also increase premiums. It’s important to understand that some insurers do not offer cover for pre-existing conditions.

What else should I consider?

When taking out medical insurance, it is often suggested that you also take out a critical illness policy. A critical illness policy is a type of medical cover that offers to pay a fixed sum upon being diagnosed with a critical illness that is covered by the policy. You can opt for a critical illness policy as standalone insurance, alternatively, you can choose it as a complementary policy that sits alongside your regular medical insurance. Critical illness insurance acts as a very valuable addition to your basic health insurance cover in case you are diagnosed with a serious illness. While you can use your regular medical insurance to cover things such as hospital fees and private treatment, the lump sum that you will receive from a critical illness policy can fund other essential expenses such as bills and other household outgoings.

At Protectus, we have over 20 years of experience working in the health insurance industry which means we can find you the policy that meets you and your loved one’s exact requirements. From private medical insurance to critical illness cover we can navigate the market to find you the perfect policy. Contact us for peace of mind over the future of your family’s health.