Cancelling BUPA due to financial situation

yelowfigure

We have Private Medical Insurance with BUPA since a few years, but would like to cancel it for a few years until our financial situation has changed.
Has anyone experienced if it is difficult to get private insurance again, after you have already been with an insurance company before? Will the rates change, ie increase?
Thanks for your feedback!

InsideInsurance

The only difficulty comes if you have ongoing medical conditions. Most will exclude them or only cover them if you stay with them for 2 years and during that time have no symptoms/ medication / appointments about them.

If you are clean healthwise there is no issues

nearlyrich

Except age is taken into account so you will probably be paying more when you rejoin.

InsideInsurance

nearlyrich wrote: »

Except age is taken into account so you will probably be paying more when you rejoin.

Which you would be anyway if you kept the policy as you still get older.

The only other difference is of cause products change over time, sometimes for the better, sometimes for the worse so when you come back to joining again whats on offer may be slightly different.

nearlyrich

InsideInsurance wrote: »

Which you would be anyway if you kept the policy as you still get older.

The only other difference is of cause products change over time, sometimes for the better, sometimes for the worse so when you come back to joining again whats on offer may be slightly different.

I wasn't aware that they increased the cost yearly if you were already a member I get mine via the company I work for and the taxable benefit has been the same for years... I will bow to your knowledge as you are "inside insurance" ...


As you say they sometimes make changes that disadvantage new joiners compared to existing members..

PeacefulWaters

nearlyrich wrote: »

I wasn't aware that they increased the cost yearly if you were already a member I get mine via the company I work for and the taxable benefit has been the same for years... I will bow to your knowledge as you are "inside insurance" ...


As you say they sometimes make changes that disadvantage new joiners compared to existing members..

Company policies pool the risk to equalise premium regardless if age.