Health Insurance In United Kingdom | Pension Profile

Health Insurance In United Kingdom

Health insurance is cover which is made to provoke the medical expenses when we meet a situation of health problem and lack of money in pocket together. During this situation the health insurance company would pay the medical expenses of the person if he/she has enrolled a policy and consistently paid the sum for that.

HEALTH INSURANCE

National Health Service (NHS)
The government of United Kingdom itself runs a board to meet out the health insurance of all. The board is named as National Health Service (NHS), which is publicly funded health care scheme that offers health insurance to every resident of United Kingdom. We can never call this as a strict insurance system. The reasons are: they do not collect premium instalment as other private insurance companies does; patients are not asked to bear the costs; and they are not pre-paid too.

This system was initiated to eliminate the financial risk from ill health of the citizens of United Kingdom. According to the estimation made on 2007-08, National Health Service (NHS) has spent grossly ?104 billion on health insurances. Funds to function this programme are got from the general taxes. The government yearly does a sanction to National Health Service (NHS). NHS is the biggest service provider for health insurance in United Kingdom whose total package covers dentistry, ophthalmology, primary care, in-patient care to long-term health care of all citizens.

Restrictions of health Insurance:
NHS possesses some uniqueness when compared to private insurance system. Private insurance companies provided insurance on conditional basis and do not insure all sorts of treatments. Pregnancy condition is not mostly covered by insurance, even though if it is covered it will only under few restricting clauses. Similarly there is a list of health conditions for which insurance companies does not provide insurance are Psychological state of difficulty in learning, Bone Densitometry and HRT, Developmental and Behavioural problems, Special conditions, sleep disorders, speech disorders, puberty and ageing, menopause, AIDS, allergies, Chronic conditions, sexual problems, sex changes and experimental drugs and treatments.
Other major companies in the United Kingdom which offer includes:

AXA
Aviva
Bupa
Groupama Healthcare
WPA
PruHealth
In 2009, the chief of British Medical physicians, the British Medical Association, made a guiding principle whose agenda was all about the developments in the market of health insurance in the country. They had an official meeting on the private insurance companies? policies. Many private insurance companies had their own set of policy statements and hospitals which was preventing the people to exercise their choice of policy. Insurance was allotted only to the patients who get treatment from the mentioned hospital lists.

According to the World Health Organization, the funds from government covered about 86% of expenditures in the UK with the private incurring the left behind 14%. The NHS offered patients the choice of hospitals and the consultants do not charge for their services. So that people can benefit the maximum from the health insurance cover in UK. You can read further on health insurance in uk if you click here for more UK finance and insurance resources.

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