At the Independent Healthcare Awards, 1XS, WPA’s new product beat off the competition to be recognised as the most significant healthcare funding product development of 2006.
Rod Bramston (Managing Director of WPA Private Clients) says, “The advantage of 1XS is that it is a perfect balance between ‘self-pay’ and true insurance. Customers pay the small bills and WPA pay the big ones."
It cuts premiums by up to 70% over traditional comprehensive plans. It offers comprehensive cover for the whole family - without being penalised for claiming. No matter how many people are covered and however frequently they claim, their maximum excess payment in any 12 months cannot exceed £1,500.
Due to an idea pioneered by WPA the excess works on a ‘rolling’ basis so, even if the family do reach £1,500 any further treatment that may be required will be covered in full for the next 12 months, even if that takes a customer into another policy year.
Julian Stainton (WPA’s Chief Executive) says, “1XS brings the security of comprehensive cover within reach for people who thought it was simply out of their price range”. It is the "healthcare funding product development of the year because it is giving people what they want: straightforward, affordable, comprehensive health cover."
Private Medical Insurance : News update: October/November 2006