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Health Insurance Glossary

Empower Your medical Insurance Knowledge

PMI (Private Medical Insurance)

1. Private Medical Insurance

Insurance coverage individuals can purchase to access private healthcare services, supplementing the services offered by the NHS

2. Premium

The amount policyholders pay for their health insurance coverage, typically on a monthly or annual basis.

3. Excess

The amount policyholders agree to pay out of pocket before the insurance coverage kicks in which helps with maintaining cost of policy.

4. Out-Patient Treatment

Medical treatment that does not require a stay in a hospital, such as consultations, diagnostic tests, or minor procedures.

5. In-Day-Patient Treatment

Medical treatment that requires a stay in a hospital, such as surgeries or extended medical care.

6. Dental Cover

Coverage for dental care and treatments, which may include routine check-ups, cleanings, and other dental procedures.

7. Optical Cover

Coverage for vision care, including eye exams, prescription glasses, and contact lenses.

8. Chronic Condition

A long-term health condition that requires ongoing medical attention and management.

9. Primary Care

Basic healthcare services provided by general practitioners (GPs) and other primary care providers.

10. Specialist

A healthcare professional with expertise in a specific area of medicine, often consulted for more specialised medical care.

11. Pre-existing Condition

A health condition that existed before the start of the insurance policy.

12. Cancer Cover

Coverage for medical expenses related to the diagnosis and treatment of cancer.

13. Waiting Period

The time period a policyholder must wait before certain benefits of the health insurance policy become effective.

14. Policyholder

The individual or entity that holds the health insurance policy.

15. Network

A group of healthcare providers, hospitals, and facilities that have agreements with the insurance company to provide services at negotiated rates.

16. Renewal

The process of extending or continuing a health insurance policy after its initial term.

It's important to note that the specific terms and coverage details can vary among different health insurance providers in the UK. Always refer to the terms and conditions of a specific policy for accurate and detailed information.

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