The private health insurance in the UK, just like other insurance plans in the UK is governed by authorities. The two authorities that governed and regulate it are the prudential regulation authority and the financial conduct Authority.
The PRA (prudential regulation authority is the body that ensures that insurance companies are financially stable to provide insurance protection. The FCA (financial conduct authority) is to see that insurance companies operate in accordance to the guidelines and regulations laid down.
So anyone taking out a private health insurance with an insurer should ensure that such an insurer has sign up to the financial services register. To use the private health insurance, then you have to pay the monthly premium as charged by the private health insurance companies. With private health insurance, one needs to pay for treatment upfront, and then you can file for the reimbursements claim letter as outlined by your insurance company
Private insurers always have different coverage plans for insured to choose from. So it is up to you to choose the plans that will work better for you. For the basic plan, you might not have all thay you had expected. But, not to worry, you can opt for some add-ons. But if you are not still okay with it, you can go for the standard plan
The PRA (prudential regulation authority is the body that ensures that insurance companies are financially stable to provide insurance protection. The FCA (financial conduct authority) is to see that insurance companies operate in accordance to the guidelines and regulations laid down.
So anyone taking out a private health insurance with an insurer should ensure that such an insurer has sign up to the financial services register. To use the private health insurance, then you have to pay the monthly premium as charged by the private health insurance companies. With private health insurance, one needs to pay for treatment upfront, and then you can file for the reimbursements claim letter as outlined by your insurance company
Private insurers always have different coverage plans for insured to choose from. So it is up to you to choose the plans that will work better for you. For the basic plan, you might not have all thay you had expected. But, not to worry, you can opt for some add-ons. But if you are not still okay with it, you can go for the standard plan
