How an excess works – Private Medical insurance (PMI)

How an excess works – Private Medical insurance (PMI)

An excess is a common option to consider when looking to purchase a Private Medical Insurance (PMI) policy or if you are looking to reduce your premium at renewal if you already have a policy in place and with excesses ranging from as little as £100 to as high as £5,000 there are lots of options to choose from. If you decide to apply an excess to your policy or increase it to a higher amount at policy renewal, your health insurer will require you to pay the excess amount selected towards the cost of any treatment. It is important to…