Chopping costs

budget protection focus

Professional Adviser
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As the cost of traditional private medical insurance (PMI) continues to rise, Angela Faherty asks whether PMI on a budget can actually be achieved

The private medical insurance (PMI) market has not been without its problems over the past few years. Sales in the individual sector have fallen and the market as a whole has remained fairly static, leaving the sector relatively stagnant. While there are a number of reasons for the market's failure to grow significantly - including medical enhancements and the rising cost of treatment - one of the continued challenges facing the PMI sector is cost. PMI is often considered a product for the wealthier members of society, leaving low and middle-income earners with the services of the NHS....

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