The NHS is a much-loved and highly valued British institution offering some of the finest healthcare facilities in the world. But the provision of healthcare services is not without cost and we have all seen the regular news reports regarding the issues of funding and the debate as to how we can afford to fund our future healthcare requirements.
Paying for your own healthcare privately can often be prohibitive. Some typical costs of private treatment:
Intital 30 min consultation £120 - £185
MRI Scan £250 - £550
Wisdom Tooth Removal £2,000
Hernia Repair £2,500
Hip/Knee replacement £10,000 - £15,000
Heart Surgery £15,000 - £30,000+
Cancer Treatment (inc drugs) £15,000 - £50,000+
As a result, Private Medical Insurance (PMI) is an increasingly popular way of safeguarding yourself against these unexpected costs and guaranteeing access to the UK’s finest medical facilities at a time to suit you. A standard PMI policy will offer:
- Immediate access to private consultants and hospitals without reference to NHS waiting lists
- Cover for all private bills from initial consultation stage, scans and tests through to in-patient access to your local private hospital and post treatment services
- Choice of consultant and hospital
- Single private room, often with unlimited visiting hours
Approximately 1 in 10 companies currently choose to provide a private healthcare benefit for their directors and key staff. This number is rising.
From an employee perspective, access to private healthcare is viewed as the second most valuable employee benefit after a pension.
Can you afford not to insure yourself privately?
As a business, the most cost effective way to obtain private medical insurance is to form a small group scheme as discounts are offered for “company” policies. The minimum number of employees required to form a group policy is 3 adults.
However, regardless of the number of staff that you employ, it is likely that with a combination of different types of healthcare provision, there will be a solution to fit most budgets which adds real value to your overall employee benefit package.
Russell Scanlan Heathcare
Independent advice is key to obtaining the most suitable, cost effective healthcare solution for your business.
Unlike many of our competitors, we do not operate a panel of “preferred” insurers who offer a financial incentive for quantities of business. It is by design that we do not hold any commission “deals” with any insurer.
We hold agencies with all the main PMI providers and charge no fees for our services. In addition to Private Medical Insurance (PMI), we can also advise on:
- HEALTH CASH PLANS
- HOSPITAL TREATMENT INSURANCE (HTI)
- INDIVIDUAL HEALTHCARE POLICIES
- INTERNATIONAL HEALTHCARE
- GROUP DENTAL POLICIES
- GROUP WORLDWIDE TRAVEL POLICIES
Nothing to lose...
If you have an existing medical policy which is due for renewal, or if you are considering private medical insurance for the first time, we would welcome the opportunity to provide you with a complimentary review, without obligation.