Joint Private Health Insurance provides a couple with private healthcare paid for by an insurer. Those with private healthcare benefit from speedier diagnosis and treatment, the highest quality care, private rooms and round-the-clock visiting times.
Whether you’re considering a new joint Private Medical Insurance plan or looking to re-evaluate your existing arrangements, there are a number of options available and points to consider.
Health Insurance for couples is no different to two individual plans. It simply combines the administration and places cover for both individuals under one policy number with one monthly premium.
Moreover, with joint health cover in place should you want to start a family it is very easy to add children to the policy creating a Family Health Insurance plan.
The scope of the cover can vary considerably depending on what options you select.
Inpatient treatment (and usually day-patient treatment) comes as standard with all Health Insurance policies.
Outpatient treatment, however, is an optional extra that you can add to the policy for an additional premium.
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.
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.
Outpatient treatment can be paid in full or it can be limited to either a monetary amount or a set number of sessions with a specialist per year. Limiting your outpatient cover is one option to keep the cost of Joint Health Insurance down.
You don’t have to add outpatient cover to your policy, but keep in mind that if you don’t you’ll need to rely on the NHS for outpatient treatment. This could delay your diagnosis and overall care.
The main reason people opt for Health Insurance is for the improved waiting times it offers compared to relying on the NHS, which does a fantastic job but has recently come under considerable strain.
As a result, waiting lists are rising for NHS care across the country.
Having Joint Health Insurance can save on the administration and hassle of having two separate policies. You’ve got one set of insurance documents and, at renewal, you’ve only got one premium to negotiate if necessary.
The cost of Joint Health Insurance is linear. That means, all things being equal, the price of a policy for two individuals should be around double the cost of a policy for a single person.
This assumes all of the policy metrics are the same, e.g. both non-smokers, of similar ages and with similar medical histories.
Factors which will affect the cost of Health Insurance include:
As well as the above factors, there are three main adjustments you can make to your policy that will impact the cost of Health Insurance:
To come up with the below premium prices for two 35-year-old adults, we’ve assumed:
Individual Health Insurance
Joint Health Insurance
£80.13 per month
£160.26 per month
Aviva is the largest insurer in the UK. Aviva’s PMI offering is their Healthier Solutions product, which you can tailor to your own budget.
Based in Tunbridge Wells, AXA PPP Healthcare has helped people to access healthcare services since 1940.
Established over 60 years ago, Bupa is a UK household name. Bupa Health Insurance has two tiers of over: Comprehensive (full inpatient and outpatient care) and Treatment & Care (inpatient-only). Both options include mental health cover as standard.
Founded in 1927, Exeter Family Friendly is a mutual Friendly Society with over 60,000 members. The Exeter’s Health Insurance policy is known as The Exeter Health+.
Vitality (formerly PruHealth) launched in October 2004 as a joint venture between Prudential and South African health insurance provider Discovery. Vitality has an innovative approach to health insurance in their Vitality plan, rewarding you with points and reduced premiums for healthy living.
With so much to consider when taking out a Health Insurance policy, getting the best cover in place can be a bit of a minefield. So why not ask an expert for advice?
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.
If it is all getting a little confusing and you want to talk you through your options to make sure you find the most suitable cover please don’t hesitate to get in touch. Pop us a call on 02084327333 or email email@example.com.
Head of Employee Benefits at Drewberry
Very professional, kept me informed at every stage, easy to communicate with, no stress!