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Is Private Health Insurance Worth it?

 
23/09/2019 | By Freedom Health Insurance
Struggling to find out whether private health insurance (also known as private medical insurance) is worth it for you? You’re not alone. Making sense of it all can be quite the uphill battle.
 
At Freedom Health Insurance, we want all UK residents to be aware of the health care options they have available to them. That’s why we have put together this helpful guide to understand why health insurance can be a good option for you.

What is the difference between private health insurance and the NHS?

While there are many differences between private health insurance and NHS healthcare, it boils down to the former being a free service provided by the government and the latter being a paid service provided by a private entity.
 
However, private medical insurance (PMI) shouldn’t be seen as a replacement for the NHS, but as complementary. This is because some things are generally not covered by PMI, but they are covered by the NHS:
  • Accident & emergency (A&E) services
  • Pre-existing medical conditions
  • Chronic medical conditions
  • Pregnancy
 
If you would like to learn more about what sets these two different services apart, then check out our private vs NHS guide.

What are the advantages of PMI over the NHS?

The main advantages of private medical insurance over the NHS are:
  • Shorter Wait Times
  • Very Good Medical Staff-To-Patient Ratios
  • Increased Medical Resources
  • More Choice
  • Private Hospital Rooms


Shorter Wait Times

When it comes to medical appointments, the NHS can usually have longer wait times depending on your required treatment, hospital and region.
 
Going down the private route means you are more likely to receive treatment quicker. Typically, you will be seen within a week or so when referred by your GP as well as having tests arranged within just a few days. You can even gain quick access to physiotherapy treatments.
 
While the NHS continues to make an effort to shorten wait times, it is always good to receive your diagnosis and treatment in a timely fashion to avoid the medical issue from developing further. 

Very Good Medical Staff-To-Patient Ratios

Inspections to hospitals throughout the UK have shown that the private sector is generally more compliant with the national standards than the NHS when it comes to medical staff-to-patient ratio. This also includes nursing care with higher number of nurses per patient and frequently, nurses with greater experience. 

Increased medical resources

Private hospitals allow you to access a wider range of medical resources from specialist drugs to ongoing recovery treatments, many of which may not be readily available when relying on the NHS.


More Choice

Under the NHS, your procedure could be carried out by a member of the consultant’s team rather than the consultant themselves and you often don’t have much choice when it comes to the hospital, consultant or appointment time.
 
With private medical insurance, you can expect more freedom in choosing the medical facility, consultant and the time most convenient to you.


Private Hospital Rooms

With no choice or limited choice on the NHS, you can often find yourself in a mixed ward when admitted in a hospital. When treated privately, you usually get your own private en-suite room with hotel-like facilities such as TV, menu choices and other amenities.
 
This added control over your immediate environment can be very beneficial when it comes to post-surgery rest and recuperation. It’s also perfect if you want privacy when receiving visitors.

Is private medical insurance good value for money?

Taking out private medical insurance can make being treated privately more accessible and affordable by paying a monthly premium. Depending on your needs, you can tailor your policy by adding extra benefits to your cover and choosing the level of excess you want to pay.
 
Freedom Health Insurance also offers you the possibility to save even more by paying annually and, with the new 2-year fixed fee, we can guarantee the same low premium price at the next renewal.
 
So if you want the peace of mind that your medical bills are taken care of while getting all the benefits of being treated privately – private medical insurance is definitely worth it!

Will my NHS care be affected if I go private?

If you decide to go private, remember you will still be entitled to free NHS healthcare. However, the NHS can't pay for or subsidise your private hospital treatment.
 
There must also be a clear separation between your private and NHS treatment. For example, if you have been diagnosed under the NHS, but want to be treated privately, you will most likely have to be transferred to a private hospital or private ward of an NHS hospital.
 
If you want to know more, the Department of Health and Social Care has published a helpful guide for NHS patients who wish to pay for additional private care.

Summary

Private medical insurance is worth it if you want to:
  • Avoid waiting for NHS treatment
  • Have the peace of mind that your medical bills are taken care of
  • Get your treatments done in private hospitals wherever possible
  • Have access to drugs and treatment you can’t always get on the NHS


Choosing the right policy and cover 

If you’re curious about just how much private health insurance would cost you, then head on over to our quick and easy, no-obligation online quote calculator