More private medical insurance products rated five stars in 2021

Moneyfacts has announced today a 25% increase in the number of private medical insurance products rated with five stars compared to 2020. There are now 20 products rated five-star including those from VitalityHealth, AXA Health, Saga and WPA. There are now 11 products rated four-stars, a 22% increase on last year. 

Private medical insurance products awarded four and five-star ratings set themselves apart from the rest of the market due to their comprehensive range of features and competitive limits.

See the full list of five-star rated private medical insurance companies in the UK in 2021.

Moneyfacts has responded to growing demand of consumers looking for high quality and affordable private medical insurance products by increasing the number of products it has reviewed in 2021 by 54%.

Lee Tillcock, Editor of Investment Life & Pensions Moneyfacts, said:

“The last 12 months have seen the NHS come under increasing pressure, as the demand for quality, yet affordable treatment options continues to grow. Set against this backdrop, the need for private medical insurance (PMI) has arguably never been greater. While a number of new innovations and a greater range of additional benefits have made PMI a more compelling product, they have also made it arguably more complex. The Moneyfacts Private Medical Insurance Star Ratings help customers direct their focus and make an informed decision, by highlighting the most comprehensive products on the market.”

_{*source: Moneyfacts Group plc, Financial Services online consumer survey, 07/19}

Moneyfacts Star Ratings help consumers to compare the best private medical insurance products and our research* shows that around nine in ten consumers agree a Star Rating from an independent and impartial company could influence their purchasing decision.

The analysts at Moneyfacts look at a range of features for the ratings including

• Maximum total cover (per year)
• Compulsory excess (per year)
• Specialist fees
• Diagnostic tests
• Physiotherapy cover
• Psychiatric treatment
• Radio/chemotherapy
• CT, MRI and PET scans
• Complimentary therapy
• Helplines
• Prosthesis cover
• Cancer drugs & therapy • Palliative treatment
• Stem cell and bone marrow transplants
• Home nursing cover
• Private ambulance
• Parent accommodation
• Dental cover
• Optical cover
• Travel cover
• Pregnancy/maternity cover
• Overseas cover
• Wig cover
• Consultation/specialist fees.