Best of Both Worlds

Private health care is expensive but there are many reasons why people chose to be treated privately instead of going with the NHS. One of the reasons for taking out medical insurance is that it is a good way to budget for the unexpected.

Below is a list of typical procedures and the costs that they could incur if you paid upfront for your medical treatment:

Colonoscopy: £1,500 - £1,500
Cataract Removal: £1,500 - £2,950
Gall Bladder Removal: £3,500 - £5,800
Hip Replacement: £7,500 - £9,400
Inguinal Hernia: £1,500 - £2,450

Taking out medical health insurance means that if you become unexpectedly ill you will not have to find the money for expensive procedures and surgeries.

For some people paying upfront for medical insurance is not a problem and recent evidence suggests that individuals can get a much better deal from health providers than health insurance companies do. As an individual you can negotiate on the cost of treatment with some providers.

There is an alternative option which resides somewhere between the two options. Freedom Healthnet are a health insurance company that provide cover in the form of cash for outpatient procedures. This means that you have the best of both worlds: the security and budgeting benefits of traditional health insurance and the purchasing power of an individual patient in the independent sector. Freedom provide the added benefit that they also offer one of the cheapest health insurance options available.

Additionally, with Freedom you also have the option of having treatment abroad or staying with the NHS to have your procedure and keeping the money for other things.