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Private Medical
Insurance

Private Medical Insurance (PMI)

PMI covers the cost of private consultations, diagnosis, and treatments at private hospitals rather than having to wait for NHS.

The main benefit of this is to have more control of the process, as well as shorter waiting timeframes from consultation to treatment which seems to be one of the main concerns with going through the NHS.

 
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How does it work?

When you take out private medical insurance, you have the option to add your spouse/partner and children to your cover at an increased cost.

There are three types of underwriting for PMI:

Moratorium 

Any conditions, symptoms, or consultations you have had in the last 5 years of taking out this policy will be excluded 2 years into the policy.


Full Medical Underwriting
Any pre-existing conditions will be completely excluded from the start of your policy.

Continued Personal Medical Exclusion
If you are transferring from an existing provider to a new one, the same underwriting terms will apply. Many insurers also include various incentives to maintain a healthy lifestyle such as discounted gym memberships and may also offer benefits and rewards.

 

How much does this cost?

The cost of your cover will depend on:

 Type of underwriting you choose
• Options you select to add/remove from your cover
Number of people on your plan
Level of excess
The area you live in
Any previous claims (if you are switching from an existing provider).

The insurer reviews the cover annually and will increase premiums based on age, Insurance Premium Tax (IPT) and number of claims paid the previous year.

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Why Shall I Take Out Private Medical Insurance?

With the COVID 19 pandemic already adding to the increasing NHS waiting times, millions of people are yet to be diagnosed or treated on time for their conditions leaving them in “limbo” which can contribute to a poorer quality of life.

Having private medical insurance gives you the option to have more control of your healthcare and can speed up the process of diagnosis and treatment allowing you and your family to recover quicker and get back to the things you love.

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Other Types of Cover Available

Whole of Life Cover
Mortgage Protection

 You can trust Crystal Financial Solutions with your Business Protection

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Whole of market – this means we are not tied to any insurers and can use all the providers available to us in the market.

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We understand the complexity of different companies and we’re here to bridge that gap to make the whole protection process as simple as possible.

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We provide independent, bespoke and unbiased advice.

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With Crystal Financial Solutions operating for 20 years, you gain from the wealth of its experienced advisers.

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We provide a crystal clear/bespoke solution based upon your circumstances to match the best products to your financial circumstances.

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We help you throughout the whole process and not just once the products have been implemented.