GUEST BLOG: Health Insurance During A Health Crisis- is it needed?
Guest Blog: We asked Daniel Wade, Director of DJW Health Ltd to answer a commonly asked question:
Health Insurance During A Health Crisis- is it needed?
The short answer is probably no (I will explain!). However, financial planning is never about the short term.
We are all in a health crisis like never seen before. Covid19 has hit hard with huge pressure being put on the NHS. This has led to the NHS taking up beds within private hospitals to fight this. This is the correct decision for the best of the nation. However, there will be a knock-on effect for Health Insurance customers.
We expect lots of routine private treatment to be postponed throughout this pandemic. Therefore, what value is there in your medical insurance?
You need to consider the medium to long term when it comes to your health. The NHS have also cancelled all non-urgent treatment and therefore this will only increase the already huge waiting lists when we come out of the other side of this. This is when your medical insurance will be more important than ever.
If you don’t have any insurance in place currently, its worth looking into now for the medium-long term. Especially if you are self-employed or run a small business as your insurance will enable you to get treatment and return to work swiftly without lengthy waiting lists.
If you have health insurance with another provider (BUPA, AXA PPP, Vitality or Aviva in particular) and want to review your current policy, I am more than happy to do this for you. As a not-for-profit health insurer, we offer sustainable premiums with a customer service focus. Please feel free to get in touch. You might be surprised by the potential savings!
Add your partner or family member free for a year or
receive a 25% discount for single cover policies. Plus,
receive a 10% discount in the second year.
Daniel Wade- Cert CII
Director of DJW Health LTD
Appointed Representative of the WPA Healthcare Practice PLC
M: 07795033060
E: daniel.wade@hcp-plc.org.uk
The blog postings on this site solely reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of Sentry Advice Limited. All comments are made in good faith, and neither Sentry Advice Limited nor the author will accept liability for them. No advice is given in any posting. Please contact your adviser for more information or advice.
Mortgages to Purchase a Property
Mortgages to purchase a property a fee of £495 is payable on application – this is fully refundable if we are unable to obtain a mortgage offer.
Remortgages
For processing a remortgage a fee of £295 is payable on application – this is fully refundable if we are unable to obtain a mortgage offer.
Rate Switch / Product Transfer
For processing a product transfer/rate switch where you are remaining with your current lender a fee of £145 is payable on application.
Adverse Credit
For applications where there is a history of adverse credit then a total fee of £495 will be charged, of which £245 is payable at the point a personal recommendation is made, whether you decide to proceed or not. The remaining £250 is payable if/when an application is made and is refundable if we are unable to obtain a mortgage offer.
Equity Release Mortgages
A total fee of £990 will be charged, of which £495 is payable at the point an application is made with a provider. The remaining £495 is payable if/when the application completes.
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