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HealthSaver offers pay as you go cover



Type: Budget individual private medical insurance

Minimum-maximum ages: 45-79

Minimum premiums: Selected self pay level £1,500 &#45 £42.19 level 1
hospitals, £33.70 a month level 2 hospitals, selected self-pay level
£3,000 &#45 £31.10 a month level 1 hospitals, £25.54 a month level 2
hospitals, selected self-pay level £5,000 &#45 £25.32 a month level 1
hospitals, £21.30 a month level 2 hospitals

Maximum benefits: No maximum for inpatient and day patient
benefits, outpatient benefits except minor surgical procedures
subject to individual limits

Cover provided: Inpatient/day patient benefits &#45 accommodation and
nursing, operating theatre fees and consumables, drugs and
dressings, prosthesis, consultants&#39 fees, x-rays, scans, anesthetists&#39
fees, doctors&#39 fees, physiotherapy. Outpatient benefits &#45 specialist
consultations before hospital admission up to £500 a year, specialist
consultations after hospital discharge up to £250 a year, diagnostic
tests up to £500 a year, scans and other high cost tests up to £1,000
a year, physiotherapy, chiropody or osteopathy up to £300 a year,
minor surgical procedures paid in full, radiotherapy/chemotherapy up
to £15,000 a year, private ambulance up to £200 a year, hospice
donation up to £250 a year

Excess: £1,500, £3,000 or £5,000

Commission: None

Tel: 01943 855411

The Private Health Partnership&#39s HealthSaver plan is a self-pay
private medical insurance plan that is aimed at 45 to 79-year-olds.
The excess of either £1,500, £3,000 or £5,000 is paid at the outset
and will go into a savings account that pays a a variable rate of
interest and a bonus rate of 0.75 per cent.

Berwick Devoil Healthcare managing director Guy Jones thinks the
concept is a good idea but says there are cheaper and more flexible
products around, such as Western Provident Association&#39s self pay
protect and X/S health plans.

Jones believes that although the product is an example of innovation
using ideas already in the market, ultimately it offers nothing new. He
adds: “I like the product concept as it gives people the chance to go
privately for treatment, pay for it themselves and have a maximum
liability. But Western Provident Association and several other
companies introduced big excess schemes several years ago. This
product from the Private Health Partnership just gives you
somewhere specific to put the rainy day fund, as there is an
investment element to the policy.”

Jones concludes: “The Private Health Partnership is a broker that is
owned mainly by Skipton Building Society but it could be considered
as a non-independent broker now. There is no commission payable
on this product so I believe it will be sold as a financial services
product, not a general insurance product.”


Suitability to market: Average
Flexibility: Poor
Premium rates: Poor
Overall 3/10


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