Perfect Health has developed this plan, which is being marketed to other intermediaries, giving them a choice to traditional insurer alternatives. Four cover levels are available (Level 1, Level 2, Level 2 Plus and Level 2 Plus Plus), with the top two including a short term “income protection” benefit.
The plan’s main features (based on the top of the range Level 2 Plus Plus plan) include maximum annual benefits of:
- Income protection: £1,500 a month for up to six months. There is a 30 day deferred period and no income assessment.
- Dental treatment: 100% up to £150.
- Dental emergency: £750 (max two incidents).
- Dental accident: Up to £2,500 per dental incident; max £10,000 pa.
- Optical treatment: 100% up to £150.
- Physiotherapy, osteopathy, chiropractic, acupuncture, homeopathy, chiropody and podiatry: 75% up to £300.
- Specialist consultations: 75% up to £400.
- Up to four prescription charges.
- GP services: 75% up to £150.
- Hospital inpatient: £65 a night up to 20 days. Minimum stay four nights.
- Parental hospital stay: £25 per day/night.
- Post hospital recovery bonus: £400 (after seven consecutive nights)
- Childbirth benefit: £200 per child.
- Health check/screening: 75% up to £200.
- European cover: up to 28 days.
- NHS car parking: up to £45 a day.
There is also a 24/7 health and medical information and counselling helpline. The plan is available to UK residents aged 18-60 at inception. Lower levels of plan can have lower reimbursements e.g. 50% for dental and optical on Level 1 plans. Premiums cost from £16.50 a month for Level 1 and from £49.20 a month for Level 2 Plus Plus plans. Initial qualifying periods apply to some benefits e.g. 120 days for optical and dental and 90 days for alternative therapies.
What They Say
CEO Andrew Tripp said: "There’s no taking away from the fact that the NHS provides a great service to the public. But at a time when you are at your most vulnerable, following an accident or ill-health which results in hospital admission, patients and their family are faced with a series of unforeseen costs that can soon mount up when you find yourself in hospital for even a few days. The policy that we’ve just launched aims to alleviate some of the concerns that patients may have at such a time, not to mention concerns about income if you are unable to return to work immediately.”
What We Say
"It is good to see intermediaries devising solutions to be marketed through other intermediaries and Perfect Health’s Andrew Tripp will be known to many, not least because he is also the chairman of the Association of Medical Insurance Intermediaries.
"The cash plan benefits are pretty comprehensive although there are some co-payments and initial qualifying periods. The income protection (we’d prefer it to be called "sickness & accident insurance" to avoid confusion with long-term income protection [IP]) only pays for up to six months, but that can be ideal if you have longer term IP cover with a six month deferred period. There are also no income restrictions. The policy wording on that benefit is also refreshingly simple too.
"The plan is not cheap for top level cover (especially if a whole family is to be covered) so, as always, it can pay to shop around too."