If you have a Health Insurance policy, you might be considering switching insurance providers. This could be to get cheaper premiums or simply to take advantages of other benefits offered by different insurers.
‘Continuing Personal Medical Exclusions’ (CPME) is a type of underwriting specifically designed for people who are switching Health Insurance providers.
Rather than having all of your medical history reassessed by your new insurer, CPME allows you to keep the same level of cover as your old policy with your new policy and provider.
Your new policy will have all of the same exclusions as your old policy had at the outset, but there won’t be any new exclusions added based on the conditions you’ve experienced while on the old policy.
One of the reasons for switching Private Health Insurance policies is to find a better deal with an alternate provider.
However, if you have suffered from medical problems in recent years that you had to claim for, you might worry that they will be excluded from your new policy when it’s underwritten.
This is an example of when you might consider Continuing Personal Medical Exclusions.
With CPME underwriting, your new policy will have the same cover for those conditions as your old policy, even if you have made a claim.
It’s not always possible to switch providers if you’re claiming currently on your policy or you’ve had a recent history of medical issues that have been costly to treat.
You may need to serve a set period with your current insurer without having any further treatment for these major conditions to consider a switch.
Head of Employee Benefits at Drewberry
To apply for Medical Insurance on a CPME basis, you’ll need…
Your new insurer will likely ask you to provide some basic medical information as well as ask you about any claims that you have made on your old policy.
While your new insurer will not use your medical history to underwrite your new policy, it is necessary for you to give this information in order for your insurer to decide whether they will be able to give you a new policy on the same terms as your old one.
When you apply for CPME Health Insurance the first thing you will be asked for is your certificate for your current Health Insurance policy.
Your new insurer will then copy over all of the exclusions on your old policy to your new one without adding any more.
The exclusions carried over to your new policy also include temporary exclusions. If your last policy used Moratorium Underwriting and a condition is excluded for a period, your new insurer might also impose a period on your new policy when that condition is excluded.
On the other hand, based on your previous claims history with your old insurer, your new insurer may also be able to offer you a no claims discount.
Despite the coverage of your policy being the same, the terms and conditions of your new policy will not be the same as your old one.
Because the terms of your policy would have changed, you will still need to examine your new policy carefully and make sure that your new provider doesn’t have any standard exclusions that may cause an issue if they are added to your new policy.
The type of underwriting that you choose can have a significant impact on the cover and cost of your policy. Choosing the right kind of underwriting is not a decision to be taken lightly, which is why we have a team of experts on hand to help.
We started Drewberry because we were tired of being treated like a number and not getting the service we all deserve when it comes to things as important as protecting our health and our finances. Below are just a few reasons why it makes sense to talk to us.
We are here to offer impartial and, most importantly, fee-free Health Insurance advice.
If you want to talk through your options to make sure you are looking at the most suitable cover then don’t hesitate to pop us a call on 02084327333.
Head of Employee Benefits at Drewberry
Drewberry set up our insurance and were really helpful and made it very easy. I was really pleased at how responsive they are and how friendly and easy they made the whole process. I am delighted to be working with them.