HealthFund : Business Version

Product profile

Description

• An interest-bearing fund that remains your property, combined with medical insurance that can include children, parents and grandparents under one policy

How it works

• You build up a deposit account while also paying a reduced insurance premium

• You must then accept a large excess and agree to pay for any claims below this level from your deposit account

• If the claim is bigger than this, the insurance policy will kick in to cover the rest

• HealthFund is your money, but your health insurance may not cover you

• If you specifically want to go abroad to have a medical procedure, this can  be arranged for you

For

• Businesses insuring one or more people aged 18 plus

Not for

• Anyone claiming under a current health insurance policy, or with a history of poor health 

Benefits

• Fund is your property and savings can be withdrawn at any time

• Fund can be used for any procedure whether or not it is insured

• 24/7 medical helpline staffed by nurses and doctors

• Impartial information on how best to choose treatment, hospitals and consultants for any medical condition - whether or not insured

• Preferential rates from BMI Healthcare

• Can use any NHS or private hospital or consultant

• New anti-cancer drugs covered

• No claim forms to complete

• Refund of unused premiums if you cancel your membership

• Treatment in UK or overseas

Insurance section

• Covers acute medical conditions; a disease, illness or injury that is likely to respond quickly to treatment and aims to return the member to the state of health they were in immediately before suffering the disease, illness or injury, or which leads to a full recovery

• Inpatient and day-patient hospital treatment

• Inpatient and day-patient specialists’ fees

• Inpatient and day-patient diagnostic tests

• Inpatient and day-patient hospital diagnostic scans

• Inpatient and day-patient hospital psychiatric treatment

• Outpatient specialist consultations

• Outpatient diagnostic tests

• Outpatient diagnostic scans

• Physiotherapy

• Osteopathy

• Acupuncture

• Chiropody/podiatry

• Chiropractic care

• Homoeopathy

• Outpatient pre-admission tests

• Outpatient psychiatric treatment

• Cancer treatment

• Radiotherapy and chemotherapy

• Nursing at home

• Private ambulance

• Parent and child accommodation

Not covered on insurance section

• Pre-existing conditions

• Long-term or chronic conditions

• Cosmetic treatments

• Dental check-ups

• HIV/AIDS

• Normal pregnancy

• Infertility treatment

• Health hydros and similar establishments

• Kidney dialysis

Options

• Excess of £1,500, £3,500 or £5,000

• Excess chosen can be different for individual family members

• Moratorium or fully underwritten basis