Read this article before you commit yourself to buying Health Insurance. All too frequently, people make a claim to find out that they weren't covered - this article will help you avoid making the same mistake.
Health Insurance - know your facts
Approximately seven million of us have health insurance in the UK,
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Health insurance is very particular in its purpose - and is fine for curable, short-term health problems, and for allowing policyholders to bypass the NHS queues and get straight through to the consultants to receive quality care in a much faster time. However, ( cheap loans ) there are many other treatments and situations which do not fall within the scope of the policy.
Before you read on, we should advise you that every policy is different and you really need to read your own documents to get the full picture. However, this article will give you some very good pointers on what to look out for.
Chronic conditions
If you fall ill and it turns out that the illness can be cured in the short-term, it's called 'acute' and you're covered. If, however, your problem ( cheap car insurance ) is incurable or, even with treatment, it will last for a long time, then it will be classed as 'chronic' and your policy will not cover you.
It's the line between 'acute' and 'chronic' that causes conflict between insurer and policyholders. Diabetes and asthma for example are chronic - they are not curable and they stay with you for the rest of your life. Some types of cancer cannot be so easily classified. The doctors may decide that the cancer is curable, but then the illness could worsen and the diagnosis could be changed to incurable. This means that while the illness is considered curable, then you can make the most of your cover, but if the diagnosis changes to incurable, your cover will be lost. Insurance companies reserve the right to reclassify an illness from acute to chronic during treatment.
Long-term treatment
Long-term treatment is a definite no-no. But check your policy documents first to see their definition of "long-term". It may be that the insurer will pay for 10 months, so if it's a 12 month treatment, you will need to pay for the final 2 months yourself.
Preventative medicine
Health insurance covers the treatment and cure of conditions, it cannot be used to pay for preventative treatment.
What counts as being preventative is another grey area. For example, the drug Herceptin is used in the early stages of breast cancer, and research shows that Herceptin can reduce the chance of the cancer returning by 50% for women who have an aggressive form of the cancer called 'HER2'. Some insurance companies call it preventative, some call it treatment:
- Norwich Union, WPA, BUPA and Standard Life Healthcare will pay;
- Legal and General and Axa PPP will not.
Drugs that have not yet been approved
Two of the main benefits of health insurance are quicker treatment and access to the latest treatments and drugs - but there's another spanner in the works.
The Institute for Health and Clinical Excellence has to approve a drug before it can be used in the NHS in England and Wales. If it hasn't been approved, the insurer will probably not allow its use. It's not even necessarily that ( car insurance ) the drug has not been tested as safe to use, it's actually an administration issue relating to whether the benefits of the drug outweigh the financial costs of using it in the NHS. As a result, extended delays are occurring in drug approval, to the detriment of the people who need them.
The Financial Ombudsman has found a compromise - basically that if the insurance won't cover 'experimental treatments', then it should provide cover to the cost of the approved conventional treatment, and the policyholder can make up the difference if the experimental treatment costs more.