SIMS financial services are a leading provider of critical illness cover in the UK. This blog aims to make understanding health insurance easier, by setting out to define private health insurance, explain the various types, and cover the benefits.

What Is Health Insurance?

In the simplest terms, a health insurance policy has the purpose of covering the cost of private medical treatment, including healthcare services and hospitalisation costs. Claims can typically be made in the case of an accident, or when the policyholder has been diagnosed with an illness covered in the policy. Coverage is provided by licensed insurance companies or authorised agents.

What Are The Different Types Of Health Insurance?

Among the main types of health insurance you can find in the UK are; individual health insurance, which covers the medical needs of an individual; family health insurance, for you, your children and your partner; joint health insurance, which covers you and a partner; and children’s health insurance, offering children their own plan or adding them to your own policy.

What Are The Benefits Of Health Insurance?

Here you will find the benefits of health insurance explained:

– Stabilised finances in the case of medical issues – the fact is, health issues can cost a lot of money. Being left to foot the bill for medical care can devastate your finances at a time when financial instability is the last thing you need. Health insurance offers a resolution to medical costs, and in some cases can cover regular check-ups, too.

– Peace of mind – illnesses or injuries often occur when least expected. If they are not treated as and when they arise, this can add to your overall feelings of anxiety. With health insurance, you know that should you fall ill, you will be covered.

– Allowing you to aim for optimum health – when health insurance covers check-ups, you can ensure that you are monitoring your health at regular intervals and that you get the very best professional advice on how to stay fit and well.

Any questions?

Do you want to know more about the critical illness cover and accident insurance that we provide here at SIMS FS? Perhaps you’d like an aspect of health insurance UK explained, or would benefit from guidance understanding private health insurance?

Call our friendly team today on 01332 325400, and we will be happy to take you through our policies, and their benefits.

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