Is the Cost of Health Insurance Justified?

Most people are used to getting medical care for free through the NHS. Yes, you pay through your taxes, but because you are not paying a bill, it can seem like a totally free service you can use whenever you are ill. So, if you are contemplating using private health care, you might be worried about the cost since you are not used to paying.

Well, private healthcare can be expensive. But, this is the point of having health insurance. When you have a policy, this is going to allow you to claim on appointments, medical advice and the treatment you receive. Before you get a policy, you should be aware of the cost so you can evaluate whether it is the right move for you. Let’s take a closer look.

How Much Does Health Insurance Cost?

The cost of your health insurance policy is going to vary depending on a variety of factors. This can include your age, general health and where you live. So, the only way to know for sure how much health insurance will cost is to get a quote. Visit to compare the options you have in the market today. There are plenty of providers that can give cover at a good price. You just have to take a look for yourself.

But, if you are looking for a general idea of the cost of health insurance, the average cost in the UK is £1,500 a year. Again, this can fluctuate depending on your circumstances. Now, let’s consider whether this cost is justified.

Faster Treatment

Being on the waiting list for treatment on the NHS can be concerning. You might have to wait for months or even over a year. Unfortunately, there is a backlog of patients, which makes it difficult to get quick treatment.

When you have a health insurance policy, this means that you can access private healthcare in an affordable way. This can lead to faster treatment, which can improve your quality of life in the meantime. Instead of having to wait months, you might only have to wait one week.

Private Room

Something you also want to consider is whether you are happy with a general ward in the hospital if you are going to stay overnight. This means sharing a room with other people. This can affect your comfort, as well as your quality of sleep.

The good thing about having private health insurance is that you can gain access to a private room. Indeed, private hospitals have more space, which means you can enjoy having your own room if you have to stay overnight. This can make the whole process more comfortable for you.

Tips to Make Health Insurance Cheaper

There are some ways that you can bring down the price you are paying for health insurance. Here are helpful tips that you can use.

Pay Annually

Often, health insurance is going to be cheaper if you pay annually. This is the best deal, and while you have to pay in one lump sum, this also means that it is done and dusted for a year. It can be a relief not to pay monthly. What’s more, it can feel good to access a better price. So, consider paying annually if you want to pay less overall.

Avoid Optional Extras

There are always going to be additions to add to your policy. But, if you are focused on the price and paying as little as possible, you should avoid choosing optional extras. For some people, they will not be necessary. You still get good coverage from a standard health insurance policy, which is what you will be looking for.

Get a Policy Young

You are going to enjoy a better price for health insurance the younger you take out a policy. So, if you are at the stage where you are debating getting health insurance, it is best to get a policy now to enjoy a better price. The older you get, the more expensive the premium is going to be.

Shop Around

Do not just get a health insurance policy because you recognise the name. In addition, do not rush into the first quote you get. All providers will give you a different price, and some will be cheaper than others. So, you want to shop around and find a policy that offers you good coverage and at a price you like. Yes, it can take longer. But, it will be worth it to get a good price.