Concerns over the restructuring of the NHS could make private healthcare an attractive option but will those with existing medical conditions be able to get cover?
Debbie Kleiner-Gaines from the Association of Medical Insurance Intermediaries says, “There is a misconception among consumers that if they already have a medical condition, they cannot get private medical insurance. But this is a myth. Although there may be temporary or permanent exclusions, private medical insurers adopt differing underwriting styles. Quite often, with full medical underwriting, people can get cover for conditions that would be excluded under moratorium underwriting - for example, well-controlled high blood pressure.”
Moratorium Underwriting is a quicker application process and a common form of underwriting used by private medical insurers. A policy taken out with moratorium underwriting will exclude any medical conditions for which there have been symptoms, treatment, advice or medication in the five years preceding the beginning of the insurance. After two continuous policy years without treatment, medication or advice, including check-ups, for the condition, it will then be covered under the policy, subject to the standard policy terms and conditions. There are some medical conditions and treatments that will always be excluded under a private medical insurance policy, as part of the general exclusions of the plan.