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Private Medical Insurance
Despite the costs there has been a steady rise in the number of people covered by private medical insurance in this country, and the obvious benefits coupled with an over-burdened NHS mean this trend is set to continue.
Private medical insurance will usually only cover non-life threatening, short-term (acute) conditions including all aspects of treatment, but will not cover chronic illnesses, addiction, dentistry or infertility. Insurance policies can be anything from comprehensive (more expensive but covers full cost of treatment) down to budget (cheap but limited cover), for each type the size of the premiums you pay is based on a number of factors, such as locality, medical history and age. Premiums can be reduced in some instances by offering to pay the first portion of your claim when you make one.
Your private medical insurance policy can be underwritten in one of two ways, either full or what is known as moratorium: full cover will require you to provide a comprehensive medical history, but has the advantage of immediate treatment availability; whereas moratorium cover requires you to be free from a condition for a period before you are covered, so this does not suit all. It is wise to check for a cooling-off period and also annual or geographical limits to claims.
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