Private health insurance became available in the USA in the 1930s while the citizens of the UK had the chance to use private health insurance in the beginning of the 1950. Ever since then, this type of health insurance is witnessing growth in popularity. Before we go into details let’s see what is private health insurance.
This type of insurance can be used by consumers who are paying a monthly premium for themselves or their families. Of course, people in the UK and the USA can still use public health insurance, but the truth is that the best private health insurance cannot be compared to the public insurance. So, what are the advantages of using this type of insurance over the others?
First of all, people have a lot more choices when they select this health plan. Another important reason why people opt for this solution is the fact that they can invest in coverage that is good for their own needs. For example, you can invest in dental insurance instead of maternity coverage. What is even better you will not only get the chance to select the coverage, but you will also choose to what extent you want to be covered.
This also means that you can remove all the covers and options that you find unnecessary. In other words, you will be able to decrease the price of the premium.
Private health care insurance allows users to select the co-payment and deductible of the plan. By opting for a higher deductible, you will be able to reduce the premium. In addition, as previously mentioned, you will also be able to lower the monthly premium by removing the unwanted items from the plan. Make sure that these items are not needed for both you and your family members in case you use private health insurance plan for your family too.
Finally, another great benefit of using such insurance is the fact that compared to the public health insurance plans; this coverage is working as long as you settle the premium each month. In other words private health funds are not related to your current employment status, financial status etc.
Although many people are not happy with the fact that private health insurance requires additional screening and regular checks of the needed conditions to get such insurance, the number of people that are able to use this insurance is growing and this should not be viewed as some kind of disadvantage or obstacle.
Those looking for the best private health insurance plans in UK and USA can use the Internet in order to get more information and to make comparison between different plans.