Health insurance Updated:
Budgeting for medical costs may not initially spring to mind when you think of planning the family finances. You've got the NHS, after all. But what about those extra costs? Optician appointments, dental treatment, perhaps the likes of physiotherapy or osteopathy – it can all add up, and it's these costs that often get put to the bottom of the agenda.
But, given that these kinds of treatments are often needed on a regular basis, doesn't it make sense to budget for them? Having to pay out so regularly can put pressure on the purse strings, and that could lead a lot of people to perhaps not get the treatment they really need. That's where a health cash plan can come in.
This is a type of insurance product that's actually designed to be used on a regular basis. Unlike traditional medical insurance, it isn't a once-in-a-blue-moon scenario that should only be used for private treatment when you really need it – instead, it's everyday costs that health cash plans can be used for, and all you need to do is pay your premiums, get your treatment and get cash back afterwards.
It could be a great way to budget for regular healthcare costs and can help ensure you keep track of the family finances, all the while making sure you get the treatment you really need. There's no need to worry about blowing the budget on expensive glasses – in essence, you've already paid for them.
To find out more about health cash plans and how they could help you budget for everyday medical costs, make sure to read our special brief from experts in the field, Simplyhealth.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.