INSURANCE / PRIVATE MEDICAL INSURANCE / GP SHORTAGES... OVERCROWDED SUGERI...
Should Britain’s four million self-employed quit the NHS?GP Shortages... Overcrowded Surgeries... Backlogged Waiting Lists... Nurse Strikes...
...is it time you joined a private medical plan?
If you’re self-employed, it’s certainly worth considering.
Because you have no sick pay or benefits.
And under the NHS you have no concrete treatment times.
“We are now struggling to meet the standards and timeliness of care that the public rightly expect,” said Ian Eardley, Vice President of the Royal College of Surgeons.
In 2012 the number of over-65s passed 10 million – 18% of the UK’s population. There are more patients to care for. Fewer workers to pay for it.
In 2015 the NHS had failed to hit waiting-time targets for cancer patients 17 months in a row.
In Swale, Kent, each GP has an average 2237 patients. The population is rising. GP numbers are falling.
NHS GPs now spend 4 extra hours each week keeping up with demand. The average wait-time to see a doctor is expected to hit 3 weeks.
“Waiting longer creates prolonged pain, uncertainty and immobility for patients and is stressful for them and their families, especially those who may be very ill or in significant pain,” says Ian Eardley.
If you’re self-employed, the stakes are even higher.
It could also mean laying in bed with dwindling savings, mouths to feed and clients calling to cancel their business.
But in the private system, you could see a doctor the same week
You get an early diagnosis - and fast treatment - in a clean, efficient hospital.
You have instant access to assistance and information whenever you need it. And your treatment happens a date, time and place of your choosing. This means you can set treatments around your business.
You have total control over when you’re out of work.
If you’re self-employed, this is your number one reason to consider medical insurance.
How much does it cost?
Well that depends on the treatments you want covered. Plus the number of hospitals you want available to you.
But most self-employed patients are pleasantly surprised ...
Because you're self-employed, you're probably more self-reliant than the average patient. You can’t afford to stay out of work long. Nor do you want to.
And this makes you a safer bet for insurers.
If you’re a limited company, you can write off your insurance as an expense too. You recoup some of the cost in tax savings.
Do you have children? Or elderly relatives?
It costs relatively little to include them on your policy. You can protect them under the same umbrella of care.
You can alter your plan to save money too ...
For instance you could take out a shared plan.
This means you pay a set percentage of your healthcare up to an agreed amount. Here’s a quick example:
Suppose you took a shared plan where you pay 25% with a £1000 limit.
You would pay 25% of your healthcare, until you have racked up £4000 of medical expenses.
By this time, you have hit your £1000 limit. Anything extra is 100% covered by your insurer.
If you have some spare cash, a shared plan could cause your premium to plummet.
You could also cut out therapies and treatment options you don’t need.
Of course you should be careful with this. You don’t want to exclude too much.
But cutting therapies – like physiotherapy – is a sensible way to lower your premiums. Excluding outpatient care can also dramatically cut your costs.
Common pitfalls to avoid as a self-employed worker
Avoid ‘waiting-list’ plans.
While these lower your premium, they only spring to action once you’ve been on an NHS waiting list a certain number of weeks.
NHS waiting times are only rising.
You may have seen a recent Guardian article describe them as ‘waving the white flag.’
193,000 patients a month now wait beyond the target time of 18 weeks.
You’re taking private healthcare because you need total control over your treatments. So check you can make a claim the moment you need it.
You should also avoid ‘no-claims discount’ policies.
This may be attractive for car insurance. But unlike driving your health is often out of your control. You don’t know what might happen. And you don’t want to avoid making claims simply to keep your premiums low.
Finally, check your cancer coverage.
Comprehensive policies can pay for advanced drugs. 30,000 patients have been given cancer treatments you cannot get through the NHS.
However, many policies leave these out. This could dramatically increase your recovery time.
Now you could do all this shopping around yourself. But …
… why not have an expert find the exact policy you need - for free?
It's a lot quicker and easier than doing it yourself. And an expert opinion on something so important is always invaluable.
If you're interested, this link will help you.
You’re assigned a 100% impartial and confidential advisor. They work with you one-on-one, discovering your specific needs and circumstances.
Once they understand your situation, they find the policy which suits:
Your needs, and your affordability.
Their advice comes from the whole of the market.
They consider large providers, such as Legal & General, Aviva and Royal London. Plus smaller, less-known insurers who cover more specialised needs.
Your premium could be lower than if you approach them alone because [your PMI client] send them so much business.
And since their commission comes from the insurer, you don’t pay a penny.
This service never stops.
Smarter Life Insurance can make claims on your behalf. Call anytime with questions and concerns.
You’re also contacted shortly before your policy is up for renewal.
This is to ensure your policy still satisfies your specific needs.
If your circumstances have changed, they research the entire market again. You’re given a new recommendation. At long last, your healthcare is entirely under your control.
This appointment is free with no obligation to do anything.
So why not arrange yours today?
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