How do I buy private medical insurance, health insurance

There are many different ways of acquiring Private Medical Insurance and it can also come through a wide variety of means. Though it is only available from an Insurer, one might also go through an Independent Advisor, or they might go through a Bank or Building Society. Likewise, patients will be able to pick up the phone, send an email, a letter by post or they can arrange to talk to someone face to face.

If you choose to obtain the insurance through the insurance company you should be aware that the insurer will only be able to provide details of their own insurance policies. On the other hand, if you go through an independent advisor they will be able to discuss a range of different policies,

 so there are advantages and disadvantages related to these and whilst you do not have to seek advice from such advisors you should still make sure that you carry out adequate research so that you find a policy that is right for you.

It should also be noted that there are different ways in which applications will be assessed and though this will be touched upon in greater detail in another section, it can be noted here. There are two ways of assessing applications – via Full Medical Underwriting or Moratorium Underwriting – and once the application has been looked at it will be returned to the patient. Full Medical Underwriting includes a full medical questionnaire,

which requires the patient to be truthful as the company will check with their GP, with pre-existing conditions sometimes resulting in a rejection of the application (or a review of the specific condition two years into the cover). A moratorium, on the other hand, is much simpler and does not require a questionnaire of a full physical exam. However, there are still issues regarding pre-existing conditions.

There is a cancellation period or 'cooling-off' period following your application once the policy documents have been sent back to you and the policy has been set up. Usually,

 a patient will have 14 days to decide whether or not the policy at hand is suitable to their needs, meaning that cancellation at this point will result in a refund of premiums paid. Once the cancellation period is over – or the patient has made any claims – the patient is no longer entitled to a refund.

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