Why the ABI is urging the government to reduce the rates of Insurance Premium Tax?

Why the ABI is urging the government to reduce the rates of Insurance Premium Tax?

The ABI (Association of British Insurers) has provided data showing that the rise of Insurance Premium Tax (IPT) may have proven to be a false economy. With the rate of IPT doubling since 2015 and the latest figures showing a drop in personal health insurance falling by 10%, is the hike of IPT from 6% to 12% playing a major factor in the correlation of these two figures. Even corporate health insurance has been affected with the number of people covered dropping to 3.5 million (approximately 5%). Across the period from 2015 – 2019 it is reported that the total…

What rhymes with Friday for you?

What rhymes with Friday for you?

So we reach the end of a busy working week. We have worked hard, kept positive, helped clients, assisted colleagues and coped with another manic working week. What does Friday night mean to you? Perhaps you just head home and find your pyjamas? Maybe you head to the gym and run a quick 10K? Or do you head for the pub for a quick glass of wine? Friday may rhyme with wine (or a good old fashioned Gordon’s and tonic!)  for me as meeting up with my friends, relaxing and chewing over the week’s events really helps to de-stress. I…

Arthritis and Osteoporosis evening at The Oaks hospital, Essex

Arthritis and Osteoporosis evening at The Oaks hospital, Essex

Living in Essex we are fortunate to have access to some great private medical facilities. Ramsey Health Care group boast both Springfield Hospital and The Oaks in Chelmsford and Colchester respectively. These hospitals offer a number of events throughout the year and not just for people who have health insurance.  There is no charge to attend and absolutely no obligation to sign up to anything. It really is worth looking at the schedule of events on their websites as there may be an evening that could help you find out more about certain medical conditions. Presentation on Arthritis and Osteoporosis…

Are you at risk of getting Gout?

Are you at risk of getting Gout?

I for one think of Henry VIII as soon as the word gout is mentioned. Being an overweight, highly indulged monarch may certainly not have helped Henry avoid bouts of this painful condition. Having never suffered from it myself I cannot comprehend the pain that it causes but I have been assured from friends and acquaintances that the pain is excruciating. What is Gout? Gout is a form of arthritis caused by excess uric acid in the bloodstream. Gout can result in sudden and severe pain in your joints (normally the big toe, fingers, wrists, elbows or knees. It can…

Great peace of mind for those suffering with addiction

Great peace of mind for those suffering with addiction

With mental health being a real buzz word across the globe and addiction being a major factor for many people, we congratulate Bupa for including addiction into their mental health cover. Innovative thinking that could save countless lives. We believe this is a brilliant move from one of the major health insurance providers in the UK. The new Bupa marketing campaign is a fantastic, empathetic video that is certainly would looking at: https://youtu.be/T2YT47fTYOc It does leave the question however, will the other insurance companies follow suite? We really hope that other providers in the UK will remove the addictions exclusion…

Why you should choose your underwriting carefully!

Why you should choose your underwriting carefully!

When you are looking to buy a private medical insurance policy, have you thought about the underwriting that is available? The underwriting you choose will affect the price that you pay for your policy. Comparing quotations can be confusing if there are different underwriting options used. Common UK underwriting methods are: Full medical underwriting Continued personal medical exclusions : CPME (when switching from one insurer to another) Moratorium underwriting Continued moratorium: CMORI (when switching from one insurer to another) Medical History Disregarded (for large company schemes) Full medical underwriting Before purchasing your policy, a full medical history declaration is completed….

Can you really eat yourself healthy?

Can you really eat yourself healthy?

The benefits of a balanced and varied diet are an important step towards a healthy and happy lifestyle.  Vitamins and minerals are vital to boost immunity and healthy development. Eating healthily can also protect the body against certain types of diseases, particularly non-communicable diseases such as obesity, diabetes, cardiovascular diseases, some types of cancer and skeletal conditions. Eating lots of fruit and vegetables, exercising and reducing your fat, sugar and salt intake all help towards achieving a healthy lifestyle. Some steps to healthy eating Eat bread, whole grains, pasta, rice or potatoes several times a day. Control fat intake (not…

How can I buy cheap private medical insurance?

How can I buy cheap private medical insurance?

What an excellent question that is! If there were a definitive answer that would be even better. I guess the trouble with the word “cheap” is that everyone has their own idea as to what cheap really is. Is it £10 or £100 per month? Maybe the better question is “how can I buy a private medical insurance policy that offers great value?” Speak to a specialist health insurance broker Talking through your primary objectives for buying a private medical insurance policy is a great starting point. If you know you really want to have cover for the more serious…

Will your private medical insurance cover treatment for diabetes?

Will your private medical insurance cover treatment for diabetes?

There are two types of diabetes that most of us are all familiar with, Type 1 and Type 2. More regularly now you could also be advised that you have Prediabetes. This is a new term for being borderline diabetic. What is Type 1 diabetes? Type 1 diabetes is not affected by your diet or lifestyle. Only 8% of people in the UK who have diabetes suffer with Type 1 diabetes. When you have Type 1 diabetes, your body attacks the cells in your pancreas that make insulin, so you are unable to produce any insulin at all. People who…

Varicose Vein advice at Springfield Hospital

Varicose Vein advice at Springfield Hospital

As a health insurance broker I’m often asked whether the varicose vein treatment is available on a health insurance policy. This is a really grey area. Treatment of varicose veins has a very specific criteria on health insurance policies. Treatment is not available because you believe your veins look unsightly. Health insurance will not cover treatment for conditions for cosmetic reasons. If your consultant believes you need to have treatment for your varicose veins for medical reasons then your insurer will review the claim for you and assess it on a case by case basis. 26th Feb 2020, Varicose Vein…