Health Insurance – Tailoring your policy

As we get older, things change. You may have had an individual health insurance policy, but then got married and had a family, or you may be approaching retirement and be looking for health insurance that covers all the additional problems that come with ageing. Whatever your needs, there’s a health insurance policy that meets them.

Changing your health insurance

Whether you’re taking out a health insurance policy for the first time, or you need to change your policy to one that gives you the coverage you need, it’s worth talking to an expert before you commit to anything. Where the health insurance market was once fairly small, there are now many providers offering a wide range of health insurance. Understanding what’s on offer and choosing the one that suits you best can be a daunting prospect.

Understanding your health insurance needs

• Existing conditions – in order to match you to the best health insurance, an adviser will need to understand exactly what you’re looking for. If you have an existing condition, you may not be eligible for certain health policies, and you may require specialist health insurance that covers the types of treatment you need, or are likely to need in the future. You may find these policies difficult to track down on your own, but with help from an experienced adviser, you can find a policy that works for you.
• Adding family members – it can be fairly straightforward to extend a health insurance policy as long as you provide the company with the information it needs. This is often the case if you decide to add family members such as your spouse or children to your health insurance. The insurers will want to make sure that they know exactly what they’re taking on, but will often be happy to extend your existing policy to your family once they have the information they need. Again, using an adviser can be useful, as they can call your insurance company for you and talk through the issues before you sign any paperwork.
• Retirement – if you’re getting older, or have reached retirement, your current health insurance policy may not give you the level of coverage you need. If you have had a company health insurance plan, you need to check whether you can continue with the plan after retirement or if you need to buy an individual policy once you have left the company. It’s worth doing this well in advance of your retirement date so that you can be sure you have the coverage you need at the right time, and don’t have a period after retirement where you don’t have any health insurance at all.

The beauty of the current, competitive health insurance market is that there is a policy out there to suit everyone and policies are becoming more flexible so that you can tailor them to individual needs. Getting the right advice is crucial, particularly if you are in unusual circumstances, so make sure you talk to a professional before you make any decisions.

Looking for Private Health Insurance? Speak to Right to Health

Right to Health is a leading UK health insurance intermediary, helping individuals and corporations find the best private health insurance cover. With access to the UK’s top health insurance companies, Right to Health has advised thousands of clients and can help you to get great health coverage for a competitive premium. Right to Health is authorised and regulated by the Financial Services Authority, which means that you can be confident that the recommendations you are given really are in your best interests. To find out more or to get a review of your current health insurance, call 08000 753 999 or click the Free Online Quote button at the top of the page.