Bupa has designed a healthcare cash plan that aims to complement private medical insurance (PMI).
There is just one level of cover but there is a range of premiums for different types of people. Single people pay £10 a month, single parents pay £13 a month, couples pay £17 a month and family cover costs £20 a month.
Under the plan, policyholders are covered for 50 per cent of optical costs up to £90 and receive the same level of cover for dental costs, chiropody and hearing care. They also receive 100 per cent of the costs towards prescription charges up to £20 for single people and single parents. For couples and families, this threshold is £40. Fifty per cent of private GP costs are met and again the maximum benefit varies. For single people this is up to £50, for single parents it is up to £75, for couples it is £100 and for a family it is £125.
Level two of Norwich Union's health cash plan is a similar and cheaper option compared with the Bupa plan and also has more benefits. Premiums range from £9 a month for a single person to £15 a month for family cover. Policyholders get 100 per cent of the cost of a routine dental checks up to £40 and also get 50 per cent of the costs towards dental benefit up to £60. Cash towards maternity and specialist diagnostic costs are also included, which the Bupa plan lacks.
However, level two of Norwich Union's plan does not cover prescriptions and private GP costs. People with PMI may feel it is worth paying slightly higher premiums for these benefits with Bupa, rather than lower premiums for some benefits they already have.