Western Provident Association has designed an individual private
medical insurance plan for professional people such as barristers
With professional health, pay 25 per cent of the cost of a claim up to
the amount they select at the outset - £1,000, £3,000 or £5,000. This
is designed to reduce premiums, but unlike excess, policyholders
will not be responsible for the full cost of treatment up to their
The product has a core element -- standard cover - and
policyholders can add other benefits to this, such as outpatient
benefits, dental benefits, worldwide cover, cash plan benefits and a
Standard cover includes inpatient benefits such as hospital
treatment, specialists' fees and diagnostic tests but its outpatient
benefits are limited to £100 a year. Policyholders who feel they need
more may add the outpatient option, which fully covered the costs.
Similarly, standard cover does not include optical and dental benefit,
so policyholders may add these benefits under the dental benefit and
cash plan options.
This plan follows the same path as Exeter Friendly Society's shared
care plan, an individual private medical insurance plan that offers the
option for policyholders to pay the first 25 per cent or 50 per cent of a
claim, but shared payment continues throughout the policy.
A 40-year old male who opts to pay the first 25 per cent of costs up to
£5,000 with WPA would pay £10.97 a month. The shared payment
option of 25 per cent with Exeter Friendly Society would cost £27.96 a
month on the same basis, with policyholders sharing costs on every
claim. However, Exeter's standard cover includes overseas cover and
therapies that WPA provides as an option.