Contractor Health Insurance gives contractors access to private healthcare treatment paid for at least in part by an insurer.
- Access private healthcare when you need it most bypassing NHS waiting lists.
- Have peace of mind knowing there are no waiting lists and you’ll get the highest standards of care.
- Get a choice over where and when your treatment will take place, and the specialist who treats you.
- Many contractors opt for Private Health Insurance to ensure they are back on their feet and can return to work as quickly as possible
What Does Health Insurance Cover?
Inpatient and Day-Patient Cover
Most plans cover inpatient and day-patient treatment in full.
Inpatient and day-patient treatment involves you occupying a hospital bed after a surgical procedure, either overnight (inpatient) or just for the day (day-patient).
The insurer will take care of all hospital costs associated with that stay, from accommodation fees to paying for the staff involved in your care.
The best Private Health Insurance plans will also cover outpatient treatment.
Outpatient treatment generally involves diagnostic tests / scans, as well as appointments where a bed isn’t needed, such as for physiotherapy.
There tends to be three ‘tiers’ of outpatient cover you can have on your policy:
- No outpatient cover
- Limited outpatient cover, which is capped at a set monetary amount each year such as £1,000
- Full outpatient cover, where all eligible outpatient treatment is paid in full.
Receiving Treatment Without Outpatient Cover
Opting for inpatient-only cover without any outpatient treatment may be a cheaper option but it means you’ll have to rely on the NHS for outpatient appointments, potentially slowing down your diagnosis.
Receiving Treatment With Outpatient Cover
Adding outpatient cover to your policy means that your treatment can be taken care of privately following a referral from your NHS GP.
This includes all diagnostic tests and scans leading up to your private treatment.
Additional Contractor Health Insurance Options
As well as deciding whether you need outpatient cover as well as inpatient cover, there are a number of other policy options for you to choose from that will determine what your plan covers.
Physiotherapy and Alternative Therapies
Your cover for certain therapies will depend on your provider.
Not every all Health Insurance policy automatically covers physiotherapy and similar therapies, such as chiropractic treatment and osteopathy, as standard.
On the other hand, some insurers may cover certain therapies under outpatient cover and will cover the cost for a fixed number of sessions if you add outpatient cover to your policy.
If your job requires you to spend time working abroad, then you may wish to opt for a Medical Insurance plan for that incorporates overseas cover. This will generally pay for much of your medical treatment if you fall ill overseas.
However, it’s another added extra to your policy and will come at additional cost. If you’re travelling abroad frequently for business it might be worth it, but this will ultimately depend on how cost-effective this will be for you over your other options.
Although not always on the top of the list for contractors, Contractor Health Insurance with psychiatric cover can be incredibly valuable, especially if you work in a high-stress environment.
However, few providers of Health Insurance for contractors will offer this as standard and it will generally have to be an added extra.