Health Insurance Policies
What does the policy cover? Typically you should be looking for all fees (including private hospital, specialist’s and consultation), the costs of diagnostic tests (X-rays, scans, ECG, MRI, CT, etc…), radiography and chemotherapy, specialist referred physiotherapy, osteopathy and chiropractic and extensive cancer cover.
What are the exclusions? For the most part this will concentrate on pre-existing conditions. So if you’ve a history of a specific and serious illness having presented previously, or have a family history of a particular condition – then the chances are you’ll be refused a health insurance policy. Plus there’ll often be other highlighted conditions or specialist treatments which will be excluded.
What level of cover is right considering my circumstances? Individual choices of health insurance policy differ from person to person and require a cross-section of aspects to be factored in. These more normally include your budget, whether you would like an excess, the decision to encompass an outpatient add-on (to cover X-rays and blood tests, etc), as well as earmarking any particular hospitals or clinics you would wish to attend. Remember, you can boost existing cover as and when required, with the inclusion of excesses and six-week wait clauses being among the most popular.
Is there a compulsory or voluntary excess? Compulsory is the figure set by the health insurance policies provider which is an immovable object, whereas an excess is dictated by the policyholder and works along similar lines to the excess referred to with other types of insurance such as motor, home, travel, etc. The reality is, the greater the figure that you agree to contribute in the first instance in the event of filing a claim against your insurance (and subsequently being successful), the lower the annual premium as a direct result.