Self-Employed? Why you should consider private health insurance?

Self-Employed? Why you should consider private health insurance?

Although self-employment as many benefits, becoming sick or contracting a serious medical condition can see your business grind to a halt, effectively cutting off your income.

The NHS does offer some basic protection, but waiting lists are long and just getting an appointment for a first consultation with a specialist can take many months. This can leave you and your family struggling financially and could even jeopardise the future of your business.

The solution

Private health insurance provides key benefits for anyone who runs their own business.

You can choose a bespoke plan from one of the many major UK providers, specifically tailored to meet your specific health care needs. There are three main levels of cover that you might want to consider.

Basic insurance cover

Basic private health insurance plans cover all inpatient services at hospitals and clinics. The insurance pays for the cost of scans, diagnostic testing, room fees, consultations with specialists, hospital fees, surgery, and treatment options while you are admitted for care.

A basic private health insurance plan might also cover you for the costs of home nursing care following your treatment.

Mid-range protection

Mid-range private health insurance plans offer expanded cover. This means that some outpatient services are also covered, typically including radiotherapy or chemotherapy regimens.

Comprehensive protection

Comprehensive private health insurance plans cover everything included in a basic and mid-range plan and also include additional benefits, such as medical care abroad, physical therapy, recuperative care, cancer cover, specialist consultations, and advanced diagnostic testing.

Advanced plans also cover things like dental cover, optical benefits, or hearing-loss treatments.

Why you should consider private health insurance cover

Recent statistics from the Department for Health Commissioner showed that over 133,000 people typically waited 10 weeks or longer for NHS medical appointments. In addition, recent strikes by NHS junior doctors caused many routine operations and procedures, including chemotherapy for cancer patients to be cancelled.

Further cancellations and delays to appointments occurred recently following a successful hacking attempt that invaded patients personal data held on the NHS’ outdated and insecure computer system.

In addition, in just one month last year, almost one million people were waiting for outpatient services and follow-up consultations. If you were waiting for an outpatient appointment, you could expect to wait for more than 10 weeks, usually longer.

All these delays can be devastating if you run your own business. However, if you have private health insurance, you can expect to be seen by a specialist doctor or consultant within a couple of weeks, if not sooner.

In conclusion

If you are self-employed and run your own business, you need the security and peace of mind that you and your family can access the medical treatment that you need quickly and conveniently.

To find out more about how private health insurance could benefit you, contact us for a free, no-obligation quote today.