As we get older, the risk of illness or injury increases, and with the current issues facing the NHS and record backlogs, private health insurance has never been more valuable.
Here's how over 50s health insurance will benefit you:
Once you choose a policy, you'll pay a monthly premium, and in the event you need medical treatment for a new acute condition, you can claim and go private for your treatment.
You can find out more about how health insurance claims work here.
Find the best insurer and policy, then start paying a monthly premium.
If you become unwell with an eligible condition, you can go private for treatment.
Once your claim is authorised, your specialist and hospital will invoice your insurer.
What’s specifically excluded will vary between providers and policies, but generally speaking, you can expect the following not to be covered:
This isn't an exhaustive list; please refer to your health insurance policy documentation for more details.
I wanted to share my thanks for myTribe Insurance providing data and analysis on medical consultancy fees drawing from their research this year (2022). With the onus nowadays on medical patients themselves seeking consultants' advice, rather than relying only on busy GPs for example, having access to such market information is a "public good" of the first order - from that first step when a medical insurer more or less says: ok, You find a suitable consultant that we can afford......
I was recommended myTribe by a friend who had recently taken out health insurance and I hjave to report that my experience was excellent too. The advisor that helped me (Steve), was patient and very knowledgeable.
Just finished sorting out my life insurance with My Tribe. Very professional.
Got good advice and was able to get a good deal on my Vitality health insurance too.
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Answer a few simple questions and one of our highly-rated brokers will make a start finding the best health insurance coverage for you.
Our partners work with the whole market, so they'll give you a comprehensive comparison and identify the most suitable policy for you.
Get private medical insurance cover on the same day and avoid NHS waiting lists.
When you speak with a broker and compare health insurance policies and providers, you’ll undoubtedly have a reasonable amount of information to digest. Amongst that, we recommend that the following are high on your list of priorities:
In the past few years, millions of people have taken out health insurance for the first time, and with that, insurers have had a surge of new customers. While all do their best to cope with demand, some are fairing better than others. When you review the various providers of over 50s health insurance, we recommend you read their reviews on websites like Trustpilot to see their current performance.
All health insurance policies have different levels of cover, and spending time understanding what your chosen option does and doesn’t cover is very important. Some insurers will limit you, whereas others won’t. Some will offer things like travel cover and again, some may not.
The two types of health insurance underwriting used for personal policies are Moratorium and Full Medical Underwriting. Your broker can help you choose the best type for you and your circumstances.
Would you like close to unrestricted access to all private hospitals and consultants in the UK, or are you happy to use a smaller pool to reduce your health insurance premiums? Again, speak with your health insurance broker about this, as you can save money by opting for a guided consultant list and a smaller pool of private hospitals.
Currently the best private health insurance providers for the over 50s in the UK are (in alphabetical order):
You can read our guide to the best health insurance for over 50s here.
This is a difficult question to answer as it will depend on where you live and the policy options you choose. However, by opting for a guided consultant list, limiting your out-patient cover and including an excess of resonable size, you should be able to get a relatively inexpensive health insurance policy.
Perhaps the biggest change is Saga changing their underwriter from Axa PPP Healthcare to Bupa Insurance limited, which has seen Saga gain access to additional policy benefits such as Bupa's direct access service. We're not sure at this stage whether Saga's pricing is as good as Bupa's however.
