Health-on-Line Suggest Health Insurance Is Still Feasible In Today's Economic Climate

Mike Dalby, Director at Health-on-Line - the online private medical insurance company, today urges individuals concerned with the rising cost of living to shop around for their health insurance rather than cancelling altogether.

With continuing coverage of the impact the current economic downturn is having on many UK household budgets, reports are emerging that many are seeking cheaper alternatives to their existing financial arrangements.

The Telegraph recently reported that according to a study undertaken by American Express, up to 48% of UK residents with private medical insurance (PMI) are considering reducing their monthly commitments by cancelling their policies. Dalby says "Although it is becoming increasingly necessary for households to review their commitments in light of the current climate, there are alternative options to cancelling their health insurance cover altogether. By simply reviewing the policy currently in place and either shopping around for more affordable cover, or considering reducing the level of cover on the current policy, the desired reduction in cost can often be achieved without the total loss of cover."

Health-on-Line provides modular policies allowing customers to select their level of cover from a range of options. With reductions in premium available through a variety of excesses, no claims bonus and 3 for 2 offer on certain options consumers can really choose the cover most appropriate to their circumstances and budget.

Private Medical Insurance provides fast treatment and diagnosis of eligible conditions and for those who have had the reassurance of cover for some time or have had reason to claim, it can provide real peace of mind that should the worse happen. So as belts tighten throughout the UK, real consideration must be given to the value of this peace of mind and alternative options explored before total cancellation of cover is undertaken.

Dalby says, "We have helped countless policyholders save money on their health insurance by switching providers to us, and on average we have been able to help our customers save £30 a month* which can have a considerable impact on financial constraints."

Provided that there isn't a claim in progress many Private Medical Insurance customers may find that they can make savings by switching to an alternative provider without losing any of the benefits they currently enjoy.

Dalby concludes "This means everyone should invest a little time in investigating their options – so switch it, don't ditch it. As shopping around becomes common on other areas of household expenditure like food shopping, utility suppliers, simply apply the same logic to the cost of protecting the health of you and your family."

*Based on 320 quotations provided since Jul 08 where previous premium has been disclosed

Founded in 2000, Health-on-Line is an innovative Private Medical Insurance (PMI) company based in Bournemouth. We give consumers the ability to tailor their PMI to meet their specific needs by providing a range of options to select from. They can obtain quotes, tailor the policy and purchase their PMI through our online system available at health-on-line.co.uk. Our policies are underwritten by AXA PPP healthcare and policy holders have access to over 200 quality assured hospitals throughout the UK.