You may find that your Private Health Insurance premiums increase at renewal. This could be down to a number of factors, but usually the main reason – and the one that will cause the biggest jump in premiums – is if you’ve made a claim.
However, even people who haven’t made a claim can find the cost of Private Medical Insurance (PMI) going up compared to last year, possibly due to:
One of the biggest weapons at your disposal if your health insurance premiums have increased on renewal is actually one of your easiest options.
In fact, you’ll barely have to lift a finger. We have built a quote engine which compares the best UK health insurance policies so you can see how competitive your existing policy is compared to the rest of the market.
We provide a fee free Health Insurance advice service, our experts will research the whole market and compare the UK’s major providers to see if they can find you a better deal.
All we’ll need from you to help is:
Providing your premium rise isn’t due to a recent claim, especially a ‘major’ claim (e.g. cancer, heart or psychiatric), we may be able to find you comparable, cheaper cover elsewhere.
If you’re not happy with your Private Medical Insurance renewal quote, there are ways to lower the cost of premiums without switching insurer if you don’t want to move.
Health Insurance has a wide range of variables that can be adjusted to suit your needs and circumstances, but also to reduce price if necessary.
The best Private Health Insurance will provide a wide range of coverage, including:
Obviously in an ideal world you’d have the best Health Insurance with all the bells and whistles. However, sometimes due to budget this is simply not possible. Fortunately, Health Insurance is flexible and there’s plenty you can do to adjust your cover and reduce premiums.
One of the biggest things to check is that you’re actively using – or even need – every element of the cover on your policy.
That’s why it’s important to review your Medical Insurance to make sure you aren’t paying for cover you may never use or simply don’t need.
For instance, sometimes people forget that they have travel insurance through a packaged bank account – would you need worldwide travel cover with your PMI as well?
Extra optical or dental cover might be a nice to have, but you could check to see if you were entitled to free or subsidised NHS dental treatment and eye tests.
We help people everyday who have seen their Private Medical Insurance increase at renewal. Whether it be switching providers or simply tweaking your existing plan we have 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 or email email@example.com.
Director at Drewberry
I had a great experience with Drewberry, they have a lot of knowledge and expertise with life insurance and income protection and were able to advise me and arrange suitable products. Highly recommend.