Take care on your private medical insurance

Thousands of people are being forced to pay unexpected hospital bills because of gaping holes in their medical insurance.Campaigners are worried that policyholders expecting the best treatment are facing

Table of contents

Take care on your private medical insurance

Benefits of private medical insurances

Thousands of people are being forced to pay unexpected hospital bills because of gaping holes in their medical insurance.Campaigners are worried that policyholders expecting the best treatment are facing:

  1. Restrictions on which doctors and hospitals they can choose;
  2. Top-up bills of thousands of pounds;
  3. Being stuck with the same insurer because pre-existing medical conditions will not be covered elsewhere.

Bupa and Axa PPP have imposed strict limits on the amount many policies will pay out for surgeons and anaesthetists. They have their preferred network of hospitals to keep costs down.The insurers say this is neces­sary to prevent doctors from overcharging — but some patients argue that cost limits are stopping them from access­ing the best treatment.Almost six million people have private medical insurance and it can be expensive, especially for older people. A 30­-year-­old male can expect to pay around £57 a month for comprehensive medical insurance with Bupa, with a £100 excess.

This rises to almost £85 a month for a 50­year­old and £116 a month for a 60­year­old.

Derek Machin, chairman of the BMA Private Practice Committee, says: 'Insurers make out they give customers total peace of mind, but in most cases customers will find there are exclusions and treatments they can't get.''Policies are restrictive, complex and difficult to compare. There needs to be clearer information for customers at the point of sale.'The Financial Ombudsman Service, which settles disputes between consumers and insurers, upheld 48 pc of the 561 complaints it received about private medical insurance last year.Many of the cases involved customers being asked to pay additional costs, such as a shortfall for an operation or out­ patient visits for which they were charged unexpectedly.Another annoyance for people taking out medical insurance is that pre-­existing medical condi­tions are not covered, which deters people from switching providers. Axa PPP, for example, will generally not cover policyholders for two years (from when they take out the policy) for any condition they have even asked their GP for advice on in the previous five years.However, these conditions will be covered if the policyholder does not seek further medical treatment for two years after the plan is taken out.Bupa and Axa PPP say policy­ holders should contact their insurer before arranging treatment and no one will have to pay a shortfall if treated within their network. This all goes to prove do not buy a policy without proper independent financial advice

Join our Newsletter

Subscribe and get the latest updates about inheritance tax and Estate Planning into your mailbox.

Our specialist inheritance tax service is easier, simpler and more cost effective than instructing a Lawyer, Accountant or Financial Adviser.

Contact Us

Bluebond Tax Planning
5 PalmerstonDrive,

Tel: 020 8895 6157 (clients only)
Tel: 01582 832253 (suppliers only)



Watch how we solved our client Frank's inheritance tax problem and saved him both time and money.

We help UK residents with over £1 million in current assets pay ZERO in inheritance tax

One stop comprehensive specialist advice - Tax, financial planning and legal advice service with 18 years experience.

The information contained in this web site is for UK consumers only.  Like most firms of solicitors and accountants, Bluebond Tax Planning is not regulated by the FCA. The content of this website does not constitute FCA regulated financial advice and all content is provided for general information purposes only. Bluebond is not responsible for any action you may take as a result of information on this site. All advice will be delivered on a personal basis once we fully understand your situation and our client agreements have been signed.

Copyright © 2022 Bluebond.co.uk
Copyright Notice
Legal Disclaimer
Terms & Conditions
Privacy Policy