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Anyone who has used the NHS knows that for short-term medical conditions and minor, non life-threatening conditions there is an incredible inconvenience in being part of a long waiting list. Going private and taking out private medical insurance policies has always been the more time effective option. Going private is not an alternative to the NHS, nor does it provide better care, but it does enable you do get the care you need quickly and at a suitable time.

If you are considering taking out private medical insurance, you should know that policies generally do not cover the treatment of incurable long term illnesses like diabetes or asthma for example they also do not cover conditions like drug abuse and HIV/AIDS for example. They do cover the cost of specialists and surgery and even Private medical insurance will cover the cost of specialists, surgery, a private ward in an NHS hospital, drugs and X-rays. The policy holder will be the recipient of improved facilities and a private room.

Private Health Insurance is more expensive the older you are and this throws up one of its biggest disadvantages in that it may price out clients just when they need it the most. Costs of policies are dependent on how the individual tailors it. For example, the product may be geared towards a more comprehensive range of treatments or to cover other family members.

Like any good insurance policy, foreword thinking is necessary to get the best deal. In order to save money you should consider a Budget policy, which applies only if the treatment you need is not available on the NHS within a set period. Other methods to save costs are to include paying a larger portion of the claim than normal, or by agreeing to accept a restricted choice of hospitals.

As with all financial commitments, it is important to select the provider who best suits your exact needs as well as your budget. A relevant (if more expensive) policy is more valuable to you than a cheap one that does not cover you for what you need. Buyers should also read the small print of the policy carefully, thinking about which hospitals the insurer deals with and the criteria by which they have been selected. Options to reduce your premium should also be investigated, these options may be paying an excess fee or opting for less comprehensive cover.

Saurav is an author of several articles pertaining to Health Insurance. He is known for his expertise on the subject and on other Business and Finance related articles.

Have you been looking for a cheap health insurance plan for yourself and/or your family? It's frustrating isn't it? It seems as though most of the cheapest policies out there don't provide a whole lot of health insurance coverage. That being the case, what's the point? Well, there are ways to get cheap health insurance, but it may mean that you'll have to pay a bit more out of your own pocket for routine care. However, you would be mostly protected against long term hospital costs. Let me explain how this would work and you can decide if it would be an option for you.

Buy a cheap health insurance plan and raise the deductible to the maximum annual amount. This means that if you have a maximum deductible amount of $5-$10,000, then this is the amount that you'll have to pay each year before your health insurance will start paying for anything. I know, I know. You're probably asking yourself "what's the point"? Well, the point is that most people don't see the doctor more than twice per year, and even then it's usually for minor care, such as cold, flu, ect., so paying for these visits shouldn't set you back too much, unless of course you have a large family. In that case, you'll have to make sure you have plenty set aside for doctor visits.

Anyway, if you have a plan with a $250-$1,000 deductible, you'd have to pay those costs yourself too before your insurance company started paying. You'll save a lot off of your premiums each month by raising your deductible. Also, most plans have a 20% co-pay so even when your policy kicks, in once you've met your deductible, you'll still have to pay something yourself out of pocket.

The main idea here is to buy a cheap health insurance policy in order to protect yourself from huge hospitalization costs. Look at this example. If you have a $100,000 hospital stay, in the event that you have a $5,000 deductible, you'd be responsible for paying that $5,000 plus 20% of the other $95,000, which is $19,000. That's a total of $24,000 you'd have to pay. However, you'd have to pay $19,000 anyway, even if your deductible was lower.

The whole point here is to find a cheap health insurance plan that you can afford and compromise. You're not going to get out of paying all of your hospital costs, regardless of your deductible amount. This is just something you'll have to consider as you look for cheap health insurance. The decision is, of course, up to you.

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