Health insurance is an important safeguard that provides financial protection against unexpected medical expenses. However, it’s important to understand the tax implications of health insurance payouts in the UK.  According to a survey conducted by the Association of British Insurers in 2021, over 4.4 million people in the UK have private medical insurance. The sector pays out an average of £8.3 million every day in claims. While health insurance payouts are generally not taxable, there may be certain circumstances where tax may apply, such as if the policy is provided as part of a remune ..read more

The main advantage of private health insurance is the ability to beat long NHS waiting lists and get seen by a chosen consultant very quickly. Plus, if you have a huge medical expense and need some serious diagnostic treatment, medication and ongoing treatment, to have potentially tens of thousands covered when you are only paying around £1,500 per year (£125 per month) it can seem like a good investment. However, there are cons, since it is an additional expense each month, which is hard in our current cost of living crisis and some insurers are very picky with what they cover, especiall ..read more

A lot of people are choosing to switch to private health care due to the uncertainty over the future of Government-run health care. Since this ambiguity seems so prevalent at the moment, now is a good time to adopt some tactics to make sure you have the best medical care covered for you and your family, regardless of what the future may bring. Find the best health insurance plans for you Make sure to compare different plans and make an informed decision based on what’s best for you and is the most cost-effective. In saying this, it isn’t advised to judge a health insurance policy by its price ..read more

In the UK, health insurance often covers the policyholder’s immediate family, including a spouse or partner and dependent children, but not always. Coverage for stepchildren, parents, siblings, and unmarried partners can be even more variable, and will again depend on the policy and the insurance provider. Ensuring that family members are included in one’s health insurance policies can give people peace of mind. It not only keeps them healthy through preventative screening, testing and therapies, but it also keeps you financially safe from making big healthcare payouts. This guide will explain ..read more

Your health insurance could pay if you need private medical treatment or even a private consultation or inpatient care. Understanding the steps involved with making a claim can ensure you receive the necessary medical care without unnecessary delays.  Around 8 million people (13%) have private medical insurance in the UK, and if you are one of them, you may be wondering how exactly to make a claim. This guide shows you the steps to make a claim, even if your desired treatment is not covered by your health insurance policy.  MediCompare can help to connect you with the best insurance ..read more

Dental implants are a popular solution for replacing missing or damaged teeth, but can be incredibly costly. This leads many patients to wonder whether their health insurance could possibly cover the cost of this procedure. By understanding the insurance coverage options, patients can make informed decisions about their dental health and treatment options. According to a 2018 survey by the Oral Health Foundation, only 9% of UK adults have dental implants, despite 70% of respondents believing that dental implants can improve their quality of life. Cost can be a huge barrier to this treatment. T ..read more

Private health insurance providers offer a range of policies which cover different illnesses and conditions. Generally speaking, the more you pay, the more comprehensive your cover will be.   What is private health insurance? Private health insurance works like any other insurance policy. You pay a premium (monthly, annually or quarterly depending on the provider), and claim on your insurance if you need treatment. When you claim, you will usually pay a small excess fee and your insurer will cover the cost of the medical bill. Depending on the policy, the excess could be anything from £0 ..read more

If you are in a the medical sphere at the level of practitioner, you may want to take out insurance for your medical practice. Running a medical practice or health centre is pretty unique in it’s challenges and unlike most businesses. In addition, the insurances in this sphere possess finer details, compared to ‘traditional’ insurances, in a similar way that a second charge mortgage differs in detail from a first charge, ‘traditional’ mortgage. Taking out practice insurance will provide cover for your equipment, walk in theft and reinstatement of medical records. You can get this type of insur ..read more