As the UK and other countries struggle to get out of the coronavirus mess, families and households indeed have a price to pay. This price comes in the form of sacrifices people will have to make because of the recession that the restrictions have caused. So, as you consider your earnings, you may want to drop some expenses – perhaps your family health insurance.
It’s even possible you have never paid for one and wonder if there is something you are losing or can lose by not doing so. Okay. Let’s see whether it pays to get family health insurance in the UK, especially as we all look forward to the post-coronavirus era.
What is Family Health Insurance in the UK?
The UK has one of the most robust health care systems in the world that offer free primary healthcare for everyone, regardless of their status. Through the NHS, citizens and legal residents can benefit from the high-class services provided by the UK’s medical personnel. However, because of the typically long waiting list, many have found it wise to opt for treatments in private clinics.
So, getting a Family Health Insurance package in the UK is a private affair that households indulge in ensuring that during emergencies and for some conditions, they would receive prompt and timely attention from their healthcare providers. Of course, the government does not fund this arrangement, and people will have to pay premiums monthly or yearly, depending on their plan.
Benefits of Family Health Insurance
Many of the benefits of getting health insurance in the UK stems from the fact that you are paying a substantial amount of money for it, and the queue or waiting list is usually non-existent or short. So, here are the benefits:
- You get prompt medical attention, which, of course, can make a difference when it comes to life-threatening or pre-existing conditions.
- The quality of healthcare you get is top-notch, not different from what a government facility will provide.
- Your residence status is almost inconsequential in a UK family health insurance plan. You only need to have the required fee and agree to the terms. But for the NHS, you may need to submit proof of status before accessing some care options.
- With a family health insurance plan, you can determine where and how you want to receive treatments when the need arises.
What are the Demerits of Family Health Insurance?
While family health insurance can be massively advantageous, it does have its cons. So, before getting a health insurance package, know the few setbacks.
- The cost of getting private healthcare is by far the most significant setback to it. No wonder it doesn’t seem to attract many people, especially since the NHS is there. With a private insurance arrangement, you should get ready to part with thousands of pounds per annum.
- Selecting the right provider or lender can be challenging because there are many of them in the UK. So, have to research a bit to find the most appropriate for you.
- For specific emergency treatments such as accidents, you may still require the NHS, at least as the first point of contact. That means it doesn’t completely cover all cases.