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Health Insurance

3 reasons young adults should invest in health insurance

When you think about the best individual health insurance, it might seem like something only older generations have to worry about. After all, if you are young, fit and healthy, chances are good that you won’t ever need one of these policies. However, there are several reasons why you should consider taking out health insurance, no matter your age.

1. Tragedy can strike at any time

Although you may be in good shape now, the truth is you can never predict what is going to happen. Young people are not immune, and an unexpected illness could befall you at any time. Unfortunately, there are so many cases where perfectly healthy people are suddenly faced with an unforeseen affliction, or they may be involved in an accident that could simply never have been predicted. Getting health insurance can protect you from these unexpected costs and cover any out of the blue expenses.

2. You’ll enjoy other benefits

Most health insurance policies come with a wide range of benefits for the holder to enjoy. You could qualify for free annual health checks, store discounts, cinema tickets, rewards programmes, specialist treatments and more. When you factor in all of these savings, the policy pays for itself. Even if you think you will never need to claim, it is worth having the safety net and benefits that come with it.

3. The costs will be lower

The younger you are, the cheaper your insurance premiums will be. That means if you are young, fit and healthy, you’ll likely be offered a range of competitive quotes that may be more affordable than you first expected. Companies also usually offer different plans according to your needs, with lower-tier plans offering less expensive monthly fees. If you know you don’t need your policy to cover much, you can opt for a cheaper plan to suit you to get health insurance.

Health insurance may not be a priority for young people, but the benefits of holding a policy far outweigh the costs involved. Compare Insurance can help you find the best health insurance deals today; browse our website or contact us for more information.

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Health Insurance

Can you get health insurance with pre-existing conditions?

If you have pre-existing conditions, the thought of trying to find private medical insurance can be daunting. Whether you have a heart condition, diabetes or something else, it can be a worry whether an insurer will insure you. Even if you find the right company, you may be concerned that your conditions will push up the price of your premiums. So, what is the situation for people with pre-existing conditions that need to find the right health insurance?

Is health insurance available for people with pre-existing conditions?

The short answer is yes, you can get long term health insurance if you suffer from one or more pre-existing conditions. Many insurers will still cover you for new conditions, however, you may find that your insurance company places several restrictions on what they will and will not pay out for if you require treatment.

What are pre-existing conditions?

Pre-existing conditions include any medical-related problem that you have sought treatment for in the past. It incorporates any treatments that were provided by NHS services or by private clinics and can refer to medication, medical consultations and surgeries. The majority of insurers refer to pre-existing conditions as any medical issue for which you have had treatment within the past five years, although this time period can vary from one company to another.

Therefore, if you have suffered from an illness more than five years ago and have not sought treatment within the past five years, many insurance companies may not classify it as a pre-existing condition. Common pre-existing conditions include hypertension, diabetes, heart disease, cancer, strokes and arthritis. If you have one of these or another pre-existing condition, an insurance company could still give you a policy but will probably not pay for treatment concerned with a chronic condition.

Does it cost more to get insurance with a pre-existing condition?

As many insurance companies exclude pre-existing and chronic conditions from the cover provided by their policy, it is unlikely that your conditions will increase the price of your policy. However, there are some policies that will include your pre-existing conditions in their cover when you pay higher premiums. If the cost of treatment for your pre-existing conditions is high, then paying a little extra for your premiums may be worth it.

Find the right insurer for your needs at Compare Insurance and find health insurance agents near me today.

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Health Insurance

What are star ratings and what do they mean for your medical insurance?

Many insurance products are independently rated, but what really is the difference between a four-star and a five-star policy?

For private medical and personal health insurance, ratings range from one to five. They aim to make it easier for customers to choose a product based on the features offered and not just the price.

What are insurance star ratings?

The star rating is not a reflection of customer satisfaction or necessarily a perception of the insurance product’s quality.

The star rating is based on the key features and benefits of the product. Star ratings also take into account any optional add-ons and extras offered with each policy.

A one-star rated product will be more basic than that with five stars.

Who provides star ratings of insurance products?

There are several independent insurance rating companies around the world. One of the most common is Defaqto.

Defaqto is an independent research company focussing on financial products.

They have worked with The Association of Medical Insurance Intermediaries to determine each health and medical insurance category.

What does each star rating mean for medical insurance?

A lower star rating does not necessarily mean that an insurance product is inferior to one with a higher star rating.

Each person will have different requirements from a medical insurance policy. It may be that a lower star rating suits your needs just fine. With insurance, you need to ensure you have just the right cover level for your own circumstances. More features than you need, and you will simply pay too much. Few features than you need, and you be at risk if something goes wrong determines health insurance cost.

However, you should remember that medical insurance is a complex product. You will benefit from seeking expert advice before choosing a healthcare insurance policy.

Defaqto assesses some 30 to 100 factors to determine a star rating, depending on the particular product.

There are several core criteria that a health insurance product must feature to receive a five-star rating. The core criteria include cancer care, inpatient and outpatient services.

Star ratings make it easy to compare products at a glance. However, if you need advice or are unsure of the features of any medical insurance policy, contact our friendly experts today

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Health Insurance

Top 3 factors which affect the cost of health insurance

There are various types of insurance you can take out in the UAE to stay safe from what life throws at you. One of the most important is health insurance. This type of short term medical insurance covers you against illness and helps pay for any treatment you might need. There are lots of companies around the UAE that offer health insurance and most will quote a different price for your monthly premium. This is because there are various critical factors that affect how much your cover will cost.

But what are the top 3 to know about?

Level of cover

For any type of health or medical insurance, the level of cover you require is vital. This is because the more cover you wish to be insured for, the greater the costs any insurance company could face if you fall ill. More comprehensive cover for example might see the insurance company pay for hospital treatment plus outpatient care or physiotherapy. It is only common sense therefore that this sort of policy costs more to take out than more basic packages.

Age

Although this might not sound fair, to begin with, you will usually pay more for your health insurance as you grow older. This does make perfect sense when you consider it more though. The simple truth is people tend to need more medical care as they age. This means that the insurance company will normally incur more costs from an older person, compared to a younger one. These increased costs are then reflected in the amount older people have to pay for cover.

Location and smoker status

As well as age, a few other personal details usually come into play. Your smoker status is certainly one and will have an impact on how much any policy costs. This is purely down to the health risks smoking brings and the chances of smokers needing more medical care than non-smokers.

Although you might not think it, where you live is also key. If you live somewhere with clinics/hospitals close by for treatment, the financial cost of getting you there is lower. This naturally sees your premium come down compared to someone who lives far away from the closest hospital.

Get the best UAE health insurance quotes with Compare Insurance

Of course, the other major factor which influences health insurance costs in the UAE is who you take it out with. All medical health insurance companies will have different deals and this makes finding the best value one crucial. Rather than spending hours trawling the internet to do this, let Compare Insurance help instead. We bring together the best UAE health insurance quotes in one handy place. Browse our website or contact us today for more details.

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Health Insurance Travel Insurance

What does Brexit mean for travel insurance and healthcare in Europe?

The last 12 months have been dominated by COVID-19, and due to the global pandemic stopping people from being able to travel abroad, the ramifications associated with Brexit are yet to be experienced – or indeed acknowledged – by many people.

With the vaccine rollout going well, and with COVID-19 cases going down by the day, it seems likely that holidays will be on the agenda shortly, so what do you need to know? What impact has Brexit had and will it impact your ability to obtain health cover?

The GHIC

At the beginning of January 2021, the Government declared that all UK citizens would be able to apply for a scheme known as the Global Health Insurance Card (GHIC), which was created and subsequently launched as part of the post-Brexit trade deal between the UK and the EU.

Previously, UK citizens were able to access a European Health Insurance Card (EHIC), though this is now being phased out entirely. However, while the cards are somewhat similar, there are certain limitations that you should be aware of. While the EHIC made a point of not only covering the EU but also other European nations such as Norway, Switzerland and Iceland, the GHIC will not cover these non-EU countries (other than the UK).

To apply for a free GHIC card, simply follow this link to the NHS’s dedicated application page.

What the GHIC covers

The GHIC, just like the EHIC, has been designed to ensure those who are travelling abroad have access to care for one-off emergency medical issues, routine care for pregnant women, as well as treatment for any ongoing chronic illnesses.

Venturing further afield

The UK Government is currently in the process of finalising agreements with a host of other European countries that are not covered by the GHIC (Norway, Iceland, Switzerland). These will likely be finalised in the coming weeks, but for the time being, Norway has confirmed that UK passport holders will be able to get emergency health insurance simply by showing their passport. The other countries have not signed off on any such deal.

When it comes to heading outside of Europe, the UK already has agreements in place in principal with a host of countries, including Australia, New Zealand, Serbia, Kosovo and Bosnia. With regard to the remainder of the countries in the world, talks are currently ongoing, and it is expected that some kind of deal will be in place by the summer of 2021.

Take a look at our insurance comparison website today to find a business travel insurance policy that suits your needs.

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Health Insurance

How to prepare your health insurance for starting a family

Starting a family is a busy time with lots of things to prepare and your health insurance should be one of them. Here are some key things to consider before you start your next chapter:

Are you on the best type of insurance?

Health insurance for parents is a legal requirement in Dubai, whether you are a full-time resident or only working in the city temporarily. As a result, you must either be covered through your employer or your own plan. If you and your partner are both offered healthcare insurance by your employer, then you may want to stick with your existing work policies. However, if one or both of you aren’t covered through work and you organise your own health insurance, you may want to consider taking out a joint or family policy. This could save you money compared to multiple individual policies and gives you the convenience of having everything in one place.

Health insurance for your children

Protecting your children against illness or accidents is essential for keeping them safe, so check if your children are covered by your work health insurance policy. If not, and you and your partner are content with your existing cover, then you may want to start looking into separate children’s health insurance so you are prepared. Alternatively, you could choose to take out a new family health insurance policy, which would cover every member of the family in one.

Does your current policy offer maternity benefits?

If you are planning on trying to conceive in the near future, it is a good idea to check whether your current health insurance covers issues relating to pregnancy. Not every insurer will cover the same thing and some conditions related to pregnancy could be very costly for you if they aren’t covered. If you aren’t satisfied with what your current insurer offers, investigate alternative options before you become pregnant, if possible. Some insurance companies will be reluctant to accept new policies from women who are already pregnant.

If you want to check that you’ve got the best health insurance broker for you and your growing family, why not do some research and compare the available policies on our website?

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Car Insurance Health Insurance Travel Insurance

Do I need insurance for domestic travel?

Are you going on holiday in the UAE? If you’re not leaving the country, you may be tempted to skip travel insurance. However, you should still make sure that you are covered for other eventualities. Here’s why you need domestic travel insurance.

Your health insurance will cover health issues

If you fall ill abroad, you need travel insurance to access healthcare. This isn’t the case if you’re staying within the UAE as long as you have adequate UAE medical insurance policy (if you don’t, be sure to check out our health insurance comparison tool and purchase insurance – it’s essential that you have it!).

You may need insurance for stolen luggage

There are virtually zero domestic flights in the UAE (and the few that do exist are very expensive!), so if you are travelling by bus, it may be prudent to take out insurance that covers your possessions. You may also want to cover your possessions for theft from your hotel room. However, this doesn’t necessarily mean that you need a travel insurance policy – you could take out separate contents insurance for your luggage.

Don’t forget car insurance

Most people travel around the UAE by car. Whether you are using your own car or a hired vehicle, make sure that you have comprehensive car insurance to cover any breakdowns or accidents.

Travel insurance may cover delays or cancellations

Travel insurance may be useful if you experience any bus delays or cancellations, or any issues with your hotel. However, bus journeys are generally too cheap to warrant taking out insurance for, and hotels normally have their own kind of insurance policies in place. While travel insurance when venturing abroad is always a good idea, in the UAE you may be able to get away with separate insurance policies.

You will likely already have health insurance and car insurance (if you are driving your own vehicle), so you could pay separately to have your luggage insured and make sure that everything is secure at your hotel. This will probably help you save money rather than taking out a comprehensive travel insurance policy.

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Health Insurance

What’s the difference between health insurance and medical insurance?

When you’re looking for insurance that looks after you physical and mental wellbeing and welfare, you need to be aware of the acute difference between medical insurance and health insurance. These types of insurance aren’t interchangeable, but their respective terms are often used interchangeably, so it’s a good idea to know exactly what each insurance type entails to enable you to find the right coverage from the top health insurance companies.

Medical insurance

Medical insurance is strictly applicable to being hospitalised and any treatments undertaken in a hospital. This means that any aftercare is not accommodated for, leaving it up to you to cover any additional expenses or ongoing treatment outside hospital grounds. It’s a much less flexible option than health insurance, although far better than having no insurance at all.

Health insurance

Health insurance is far more comprehensive, covering your health in totality, from appointments at the GP to aftercare, such as rehabilitation if you’ve had an accident where you’ve been severely injured and any prescription medication. Health insurance is therefore a better choice if you have ongoing health problems, as you don’t have to consider a longer-term financial impact for a pre-existing condition or severe accident or illness.

How do I know which choice is right for me?

Health insurance and medical insurance work for different people, based on factors including:

– Age: health insurance is better for those over 50, who are naturally more susceptible to unexpected illness.
– General health: if you have a history of medical conditions, then it’s wise to get health insurance.
– Financial security: if you’re fortunate to be in a position where your finances are secure, then medical insurance is adequate to cover the basics.

It’s important to note that health insurance also covers the areas that medical insurance policies offer, though it’s worth checking with your provider to ensure that all hospital treatment is covered before you commit to a policy.

Speak to us today

For medical insurance and health insurance in UAE, get in touch with CompareInsurance today to find the policies and insurers that suit your health needs.

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Car Insurance Health Insurance Travel Insurance

2 things you should avoid doing when buying insurance

When buying insurance, from covering your car to covering yourself abroad, it’s very important that we take the time to truly look into what we are purchasing. Many of us get into the habit of just trying to get it over and done with, especially when getting insurance is something we absolutely have to do.

However, insurance isn’t just something that we buy for peace of mind or because we have to. No, it’s something that we, unfortunately, might have to make a claim on and it’s vital that we choose correctly should that unwanted circumstance arrive.

So here are two things we should avoid doing when buying insurance:

1. Always going for the cheapest option

While this is very tempting, it can seriously backfire when making a claim. Many insurance companies offer similar cover at a fraction of the price to others and when this is the case, it’s only natural to go for the cheaper choice.

However, sometimes policies are much cheaper for a reason and it’s usually because they have a lot less to offer you. While going for the cheapest option may feel great when paying, if you do need to make a claim the chances are it’s going to cost you much more if you opted for a policy with a lot less cover.

2. Sticking to the same provider

Top 10 cheapest car insurance companies often give incentives to customers so that they renew any type of insurance cover with them rather than a competitor. This, coupled with the ease of renewing rather than switching, means that many of us choose to stay with the same provider when we could be much better off elsewhere.

From better cover to slightly cheaper rates, another company could offer you everything you’ve previously had and more. While it may be a hassle to set yourself up with a completely new company, this shouldn’t outweigh the potential benefits of doing so.

Buying insurance isn’t the most exciting thing in the world but in many cases, it is necessary and it’s because of this that we should take the time to really look into what it is we are buying. Avoiding the top two points can be a great start.

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Car Insurance Health Insurance Travel Insurance

What do you need to know before using an insurance comparison website?

It doesn’t matter what kind of insurance package you’re looking for, whether it’s medical and health insurance, travel insurance, or car insurance – one of the best ways to find a great deal is by using an insurance comparison website.

There are two vital pieces of information you need to know, however, before you get started.

1. What kind of cover do you want?

This is an important question that it’s essential to answer before you begin searching for policies. Insurance policies are now so broad in their spectrum, with insurers offering bespoke levels of cover for every individual client. This means it can be difficult to simply find a “one size fits all” policy. Ultimately this benefits you, however, as it means you’re only ever going to be paying for the insurance cover that you actually need, and you won’t have aspects to your policy you’ll never use.

To get the benefit of this, you need to know exactly what sort of cover you require. If you’re searching for business car insurance, for example, you need to have a rough idea of how many miles you think you’ll drive, the amount of excess you’re willing to pay, and any additions to the policy you’ll want to add, such as breakdown cover or contents insurance.

2. How much can you afford to pay?

The other vital piece of information you need is what your budget looks like. Comparison websites work by giving you a broad range of quotes to choose from, so you will see both the cheaper and more expensive end of the insurance spectrum. You shouldn’t always just choose the cheapest cover, however, as this can be a false economy. That means it’s important you have a good idea of exactly what you can comfortably afford to spend, in order to make sure you’re able to find the best deal for your circumstances and obtain the best private health insurance.

It’s always best to choose a policy you’re confident you can consistently afford, rather than one that’s too cheap to provide you appropriate cover, or too expensive to mean you’re not always going to be able to pay your premiums.

With this important information settled, you can find your perfect insurance quote at Compare Insurance today.

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