Rastriya Banijya Bank Limited | Level 4 | Assistant Level | Written Exam Syllabus 2076
What is health insurance?
Health insurance is an insurance policy designed to cover the cost of private medical treatment. It will generally cover you for ‘acute conditions’, such as a hip replacement or having a hernia removed. You can buy different types of policies that offer various levels of cover, at varying costs. This could include fast-track diagnostics for cancer or access to different cancer treatments not currently available on the NHS.
Over 1.6 million households in the UK have some kind of private medical insurance. So what’s on offer, and is it right for you?
Basic policies typically cover:
- any in-patient treatment that you might need, such as surgery
- the cost of your hospital stay
More extensive policies might also include out-patient treatment, which covers the expense of seeing specialists and consultants, as well as the cost of undergoing diagnostic or follow-up tests.
In some cases, you’ll also be given the option of tailoring the policy so that it suits the care you might need, as well as your budget. You could include add-ons such as:
- dental care
- eye care
- mental health support
- pregnancy or maternity services
If you want health insurance that covers someone other than yourself, you might want to find out about child health insurance, family health insurance or joint health insurance.