Six out of ten high earners now hold private health insurance, suggests research by Lloyds TSB Premier Banking.
Details of the Premier People report suggests three-quarters of the 1000 people questioned online believe the ability to choose when and where they are treated is they key benefit to holding PMI as well as access to immediate appointments.
Over a third (36%) cited being able to choose exactly when they are treated as important, while over a quarter (27%) like having the ability to where they receive private healthcare.
That said, one in ten does not believe PMI offers good value for money.
Around one-fifth of those are paying for PMI from their own pockets in order to go private while many people actually receive private health treatment as an employee benefit.
A further 32% say the overall service and quality of care is the reason for their use of PMI and 19% preferred the privacy of a private ward.
Of the remaining 38% who do not hold private medical insurance, 39% say they believe the NHS already provides everything they need.Mark Cheshire, managing director at Lloyds TSB Premier Banking says: "High earners appear to be increasingly turning to private health insurance as a necessity for their lifestyles. Not only do they appreciate the ability to have quality care but they put the ability to choose when and where they are treated at the top of their list." IFAonline
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