Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • melissashopping
    • By melissashopping 13th Feb 18, 12:51 PM
    • 13Posts
    • 4Thanks
    Health insurance high cost is it now worth it?
    • #1
    • 13th Feb 18, 12:51 PM
    Health insurance high cost is it now worth it? 13th Feb 18 at 12:51 PM
    I have had private health insurance since 2002 with one company, both me and my husband have a few pre-existing conditions, and so if we moved we realise these wont be covered anymore, the big problem is this year our premium has gone to 4000 a year, I am in my early 40s, he is in his early 50s.

    The pre-existing conditions are unlikely to need treatment in the near future, I am just finding it hard to make my mind up as to whether I should cancel it. 4000 a year is more than we have ever had to claim for any condition in the history of us having the policy. On the other hand both being self employed, and seeing people we know have long waits on the NHS we are worried about cancelling it.

    Am I mad to consider going with the new premium, or should I just cancel it, and put the 4000 a year in a bank account.
Page 1
    • Cyclizine
    • By Cyclizine 13th Feb 18, 1:20 PM
    • 66 Posts
    • 73 Thanks
    • #2
    • 13th Feb 18, 1:20 PM
    • #2
    • 13th Feb 18, 1:20 PM
    Have you got income protection?
    • melissashopping
    • By melissashopping 13th Feb 18, 1:33 PM
    • 13 Posts
    • 4 Thanks
    • #3
    • 13th Feb 18, 1:33 PM
    • #3
    • 13th Feb 18, 1:33 PM
    Sadly we both cannot get income protection. But we do have savings that would cover us for about 18 months in an emergency.
    • wozearly
    • By wozearly 19th Feb 18, 8:35 PM
    • 202 Posts
    • 210 Thanks
    • #4
    • 19th Feb 18, 8:35 PM
    • #4
    • 19th Feb 18, 8:35 PM
    Bit late to the thread, but it's worth noting quite a few health insurers will offer switch pricing to continue cover for pre-existing conditions. It won't be as good as their "nothing existing covered" new business prices, and you'll likely have to call them to get specific quotes, but it is possible.

    Might be worth getting some independent advice before jumping ship, though, just to confirm there are no unexpected surprises.

    Depending on the insurer, you may be able to tactically reduce cover as well. 4K is fairly hefty price for a couple under 60, so it many be a policy that covers absolutely everything - you could drop an excess on it or see if you can reduce/remove outpatient cover where you could tactically decide to pay to go private yourself if the wait for tests/physio etc. on the NHS is too long at the time.

    So equally, it may be worth a sensible chat with your current insurer to see what your options are.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

93Posts Today

1,571Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin