Mike, 32, is a bus driver and Sarah, 32, is a primary school teacher. They have an 18-month old daughter called Jemma. Mike's father and grandfather have both had a major heart attack, but Mike is leading a healthy lifestyle and his blood pressure is normal. Sarah is healthy and hasn't suffered any health problems in the past. They are both nonsmokers. They want to take out private medical insurance but their budget is limited and their main priority is Jemma. What are their options?
Susie Colley, West Country Healthcare While this young family has a limited budget for private medical insurance (PMI), there are a number of options open to them. One is to reduce the premium by applying an excess. Another alternative is to reduce the premium by applying a co-payment, where Mike and Sarah would pay a percentage of each claim until they reached a pre-agreed amount, at which point the provider would pay the remainder of the entire claim. Mike and Sarah could also reduce the premium by restricting the availability to all hospitals, or by taking a six-week waiting poli...
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