Economy

Different types of medical insurance

Different types of medical insurance

In the U.K., public healthcare is provided by the National Health Service, and is designed to make sure that everyone, regardless of financial situation or background gets access to decent healthcare. However, with one public healthcare designed for everyone, there are some disadvantages. In order to receive treatment for many things, you must be placed on a waiting list.
This may not seem too bad at all, but sometimes you need to be treated quickly, and there is no priority system integrated to account for those types of cases. This can be very detrimental if you are in need of urgent care. They are often quite basic and have minimal equipment when compared to facilities with private coverage. The public healthcare plan doesn't include everything either. Access to certain specialized prescription drugs is not covered.
Thankfully, there are other options than just this National Health Service plan. There are a variety of private healthcare plan options in the U.K.. These plans cost out of your pocket, but can be very worthwhile when considering the benefits. As a private plan holder, you will receive a quicker diagnosis, access to a nice medical facility, coverage of specialized prescription drugs if necessary, and quite a few add-on options.
Some of these options include: Outpatient coverage, Comprehensive Cancer Coverage, Mental Health Coverage, Therapy Coverage, and more. Not every option is something you would necessarily want or need, so it's important to figure out what you need and what you can afford.
Currently, the average premium is £1,349 per year for the average U.K. healthcare plan premium. However, depending on your health, age, and family situation, you may find your premiums to be a very different cost. For a ‘typical' single 33 year old male living near Oxford with no added on options and low coverage, the cost for healthcare annually came out to be under 400 pounds.

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