Newcomer challenges high costs of overseas PMI

International Investment | 19 Jun 2012 | 09:25
  • Author: 
  • Hannah Beecham

Passport2Health, a recent newcomer to the private healthcare insurance market, says it will challenge the high cost of traditional PMI with its latest package of treatment which combines private UK diagnostics with private medical treatment abroad.

The company is promising  typical savings of up to 50% with what it calls the UK’s first fully packaged cover for treatment abroad. Offering a specific service for the advisory market, the scheme will provide “rapid access to some of the finest private medical facilities internationally, including door-to-door, concierge-managed travel and accommodation for the patient and a companion.”
Passport2Health CEO and founder Frank Levene, a former BUPA director, says his plans allow policyholders to take advantage of the same “high quality healthcare enjoyed by Britain’s European neighbours.” Passport2Health believes its pricing structure provides an affordable alternative to increasingly expensive personal policies, or a replacement for employee benefits that have been downgraded or withdrawn.

International locations of hospitals providing treatment under Passport2Health’s latest plans include France, Germany and Spain as well as Belgium, Cyprus, Portugal, Gran Canaria and Malta. Israel and Turkey are to be added to this list shortly. Levene confirms that the hospitals are hand-picked by the company who can vouch for their clinical standards, English language capabilities, service quality and patient comfort.
The company says its policy pricing reflects the lower cost of European healthcare and efficiencies it has been able to achieve through its international provider network and outsourced business model.

Categories: Offshore Investment

Topics: PMI/Private Medical Insurance

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