What is moratorium underwriting?

What is moratorium underwriting?

If you are buying a private medical insurance policy your quotations may feature moratorium underwriting. Now as this is not a common term, what does it actually mean? For consumers in the UK, underwriting for health insurance is usually either Full Medical Underwriting or Moratorium. The choice you make between the two options should ultimately depend on your own medical history. What is the definition of moratorium underwriting? You are not asked to give details of your medical history when setting up the policy. Instead the insurer does not cover treatment for any medical condition that you have received treatment…

What do you value most about your private medical insurance?

What do you value most about your private medical insurance?

Private medical insurance is widely available throughout the world. In some countries it is a necessity but here in the UK it works brilliantly alongside the NHS. Throughout the COVID19 pandemic, private hospital facilities have been a valuable back up for the NHS. People with health insurance may have experienced delays in consultations and treatments. Most of the UK health insurance providers have recognised this and have pledged to make this right with their members.  Many have confirmed they will review the relevant claims data relating to this time period. Insurers have also increased access to video and telephone consultations…

Affordable medical excess insurance

Affordable medical excess insurance

Many people may not have even heard about excess insurance at all, yet it pretty much does what it says on the tin and offers consumers great value for money. Excess insurance for individuals/ families Perhaps you are thinking about adding an excess to your private medical insurance policy to reduce the annual premium you pay? Many people decide to take health insurance for cover relating to the big claim/ expensive treatment type scenarios and opt to self-fund the out-patients and therapies. Customers who take a policy on this basis may also opt to add a high excess to the…