The need for package products
Providing a pre-set package of benefits and limits keeps costs down for insurers and makes it easier for customers to buy a product. Insurers use their knowledge to decide what is best for the average person or family. A particular package may or may not be the best solution for you.
A packaged policy means that you have no choice on what covers or benefits you can include or exclude. There may be limited choices such as how high the excess is (the amount you pay). Some insurers offer a range of packages to suit different budgets.
What's in a package
There is no such thing as a standard package. Each provider has their own ideas, and often has a range to choose from. As well as private medical costs, policies often include automatically, or offer as an option, related health and other insurances.
The main items likely to be covered include:
Medical costs as in-patient, out-patient and day-patient
- hospital charges including accommodation costs
- consultants and specialists fees
- radiotherapy and chemotherapy
- psychiatric treatment
- diagnostic tests
- nursing at home
- private ambulance
- recuperative care
- complementary therapies
- alternative medicines
- parent accommodation
- dental surgery
- pregnancy consultations and tests
- overseas evacuation/repatriation
- GP minor surgery
- GP fees
- health information and other helplines
- GP advice line
- health screening
- no claims discount
- discounts at health clubs
- health cash
- dental cash
- critical illness
- personal accident
Some policies offer full cover with no limits. Others will put limits on amounts paid per policy year, amounts paid per claim, limits on fees and procedures expressed in £s in total, per day or per week, or in number of days or weeks for which cover applies.There may be limitations on which hospitals can be used.