Sarah, 28 and Ted, 31 live in Oxford and are expecting their first child in four months' time. Both are healthy, non-smokers and they would like to purchase private medical insurance (PMI) for both themselves and their child once it is born. Being a young family, their budget is quite tight, but they are prepared to pay an excess of up to £1,000 in exchange for cheaper monthly premiums. What are their PMI options?
Bill Poynton and Sue Smith, partners at Health Care Plus We have selected two options, a comprehensive and a low-cost plan covering both Sarah and Ted, although they will be able to add a child at birth without further underwriting. The comprehensive option is Norwich Union Medios Executive Plus at £69.22 per month. The policy carries an excess of just over £700 per year for the policy as a whole, rather than for each member. This excess disappears over the next three years should they not claim, although the discount on the premium still applies. The plan is medically u...
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