health insurance, group health insurance, private health insurance, individual health insurance, family health insurance

Private health insurance (or PMI as it's known in the trade), for small business is an annual insurance contract where premiums can be paid monthly by Direct Debit Mandate (DDM), or annually by cheque or credit card. The cost can be lowered by reducing the level of benefit including the choice of hospital and opting to pay an excess amount where you are responsible for the first £50, £100, £200, £500 or £1,000 on any claim. Some insurers are now offering schemes with a £2,500 or £5,000 excess.

Private health and small business health insurance can pay for initial consultations, tests and any treatment or operations quickly without suffering a lengthy waiting list and with your own private room. The most important aspect is that you can be treated quickly, usually within days which is the best and quickest route back to good health.

Private health and small business health plans can be for private individuals or companies.

The different insurance plans and levels of cover

The plans can be for private individuals, couples, families, single parent families and companies including one and two member businesses as well as larger corporations.

There are 3 main levels of insurance cover commonly known as Comprehensive; Standard; and Budget plans although some insurance companies offer 6 or more.
The benefits and costs will vary depending on the level of cover chosen.
The different insurers will give their contracts different names but in summary they are:
Comprehensive: Including in-patient, day patient, out-patient care, plus ancillary benefits;
Standard: Including in-patient, day patient, out-patient care;
Budget: Including in-patient, day patient care.
It is possible however with a couple of insurers to select only those benefits you want at a price you can afford.

If you require further information, try our private health insurance and small business insurance FAQ page or contact Cannon Healthcare.

Further Information on UK Private Health Insurance

The different insurance plans and levels of cover