What do we mean when we talk about ‘switching’ your health insurance?

Health Insurance works differently from other types of insurance policies; the most important aspect of your current policy is how your medical history was covered when you first took out your health insurance, this is called “Underwriting”.

Any new eligible conditions you have developed since you first took out health insurance will be an eligible medical condition for you to claim on, and customers worry that moving insurers can be detrimental to the underwriting history they have built up with their current provider.

When we talk about “Switching” your health insurance, it means that a new insurer will look to carry on the original underwriting terms from when you first took out Private Medical Insurance, subject to a short set of medical questions.

This means that you can have peace of mind knowing that you are not starting your medical history from scratch and giving you the freedom to move insurers without worrying about how your medical history.

What happens when you’re looking to ‘switch’?

At Better Health Insurance Advice our Healthcare Consultants are specifically trained to deal with customers who are looking to switch their health insurance, we will have a short discussion with you about your requirements, your current policy, and a few medical questions. We can then make an impartial comparison and recommend the best route to take with your health insurance plan.

As a result of the medical questions, we will assess whether we can move you to a new insurer with no new added exclusions in the first instance. In some circumstances, we may recommend moving to a new insurer on switch terms with an exclusion added. This means that your underwriting terms will be continued, however, there may be a new exclusion added for a medical condition you have declared. We will never recommend moving with an added exclusion if you are uncomfortable with this.

What offers are available?

On average people save 20% on their health insurance when they switch insurers through us

Source

Based on the average across 569 private medical insurance policies sold between 1st August 2020 and 31st December 2020

Some of our insurers can offer equivalent cover and guarantee to beat your premium by up to 10%. If you have your documents to hand when speaking with us or know your exact cover levels, we can quote you these price-beater discounts.

Occasionally insurers will offer ‘months free’ or guarantee your premium for your next renewal if you don’t claim. We will let you know what offers are available to you when we recommend your switch plan to you.