In this article, we’re exploring Private Medical Insurance, focusing on Hospital lists and guided pathways. These are essential elements that shape how individuals and businesses access healthcare.

Operation costs, especially in private hospitals, continue to skyrocket. Many are surprised when they discover the cost of private surgery, especially if they require a procedure. Private surgery costs depend on the hospital, operation type, and the patient’s unique requirements, if any. You can expect the same procedure to be more or less expensive depending on these varying factors.

Moratorium underwriting is a process by which insurers determine the terms of health insurance, where they exclude all pre-existing conditions from the last five years for a period of two years. After that, the list of pre-existing conditions is reconsidered, and insurance policy exclusions may change. It is an alternative to full medical underwriting, where some pre-existing conditions are excluded permanently. A moratorium takes the recurrence of an illness into account, allowing for more flexibility in the cover.

The NHS provides free healthcare to the majority of UK people. Yet, many individuals purchase private medical insurance, which covers the price of treatment by private healthcare providers. Before you get private health insurance, you should learn how it works, when it’s a good idea, its benefits and drawbacks, and a few other details that we will cover.

The confusion of whether or not private health insurance premiums are deducted from income in the United Kingdom is a common topic. Yes, medical insurance premiums are deductible from your taxable income. There are, nevertheless, certain requirements that must be followed in a tax-efficient way. As long as a company pays for the private medical insurance of an employee or director, the premiums are deductible as business expenses, and the company benefits from tax breaks on those expenses. Employees and directors who get private medical insurance will be taxed and subject to national insurance (NI) on their premiums.

All information stated is correct at time of publishing and can be amended at any time. Due to the impact of Covid-19, things are changing rapidly. We are doing our best to update this page regularly. However, please check with your health insurance provider or PMI advisor directly to confirm any details are correct.