Private Medical Insurance with a Difference
The Healthcare Deposit Account offers you a choice of fixed monthly premiums for life, so they’ll never go up, no matter how old you are or how many times you have claimed.
• Cover starts from as little as £20 a month and includes private consultations, surgery, alternative therapies, cancer & heart treatment, dental & optical bills and cash payments for an overnight stay in an NHS hospital.
• You’ll also have an unrestricted choice of private hospitals and treatment locations, as well as the option to use the NHS.
A new approach
The Healthcare Deposit Account is funded in a unique way. Each fixed monthly premium is split 50/50 between the insurance element of the scheme and your own personal deposit account.
If you need to make a claim, your personal deposit account will pay a percentage of the cost, depending on your age and who is covered under your policy.
For example; £50 per month will provide a maximum of £25,000 annual medical cover, as well as up to £750 annual dental & optical benefit. As an individual under the age of 65 you would only pay 10% of each claim you make.
Please note: the amount you can claim depends on your chosen level of cover and how much you have in your personal deposit account.
For added cover in the early years, while the balance in your personal deposit account is still growing, you can opt to pay an additional £5 a month. This provides a further £20,000 medical cover to call on if you don’t have enough money in your account to cover your share of a claim.
And if you stay reasonably healthy and rarely need to claim, you’ll still have complete access to the money in your personal deposit account.
Next steps
To find out more please contact your Independent Financial Adviser or click on the Key Features Document (PDF) and Brochure for a more detailed look.
