Exeter Family Friendly Health Essentials for me is an entry-level private medical insurance (PMI) plan for individuals. It offers a simple and transparent approach to the sector and the plan covers:
* Unlimited inpatient and daypatient hospital treatment.
* Post-diagnosis CT, MRI and PET scans.
* Outpatient surgery.
* Cancer cover. Although this is not included as standard, is can be added at extra cost.
* Private ambulance.
* Home nursing.
* GP helpline.
* Parental accommodation with a child up to age 18.
* NHS cash benefit of £250 a night.
* £250 hospice donation.
There is a compulsory excess of £100 per person per year. Customers can increase this up to £1,000 a year (£100, £250 and £500 excesses are also available) and so obtain a premium discount.
Outpatient treatment is not covered and that includes for cancer, except for surgery. NICE approved treatments (where they are approved as being clinically effective) are covered, even if NICE has rejected the treatment on cost-effectiveness grounds.
All non-UK treatment is excluded. So too is all mental and psychological treatment, all emergency treatment, renal dialysis and professional sports injuries, along with other standard PMI exclusions.
Customers can obtain a premium discount if they:
* Do not smoke – when they get a 10% premium discount.
* Have a BMI (body mass index) that is over 18 but under 25, when they also qualify for a 10% discount.
The plan is available to UK residents aged 18-79. Children from three months old but under age 21 can be included in their parent’s policy.
What They Say
Distribution and marketing director Simon Philp said: “PMI advisers will know what we have brought to the market until now; our products are comprehensive, easy to explain and offer both value and reassurance. But for some consumers, the most important factor is price – yes, they would like comprehensive cover, but they have to compromise to stay within budget. Health Essentials for Me will give these customers access to speedy and quality private treatment, without the price tag of a comprehensive policy.”
What We Say
"Exeter looks to have done a good job in balancing offering the most important PMI cover with the lowest premium cost. It’s not perfect of course but then adding more cover would increase the cost too.
"One of the biggest PMI costs is for cancer care and cancer remains a key worry for many people, so why exclude it as standard? The reason is partly that the NHS has significantly improved its cancer care in recent years so, if the customer is happy to rely on the NHS, a significant premium saving can be passed onto them. If appropriate, some or all of that saving could even then be reinvested into a separate critical illness insurance, so securing a cash lump sum if cancer or another covered condition, is diagnosed.
"Offering discounts to non-smokers and those with a good BMI also helps keep premium costs down, while including a GP helpline is becoming increasingly important, given the current pressures on NHS GPs and A&E departments."