Over-60s health insurance
How to choose the best private health cover in retirement.
What is health insurance for over-60s?
As you get older, you might experience conditions that require more regular doctor visits, treatments, or medicines. Health insurance helps cover these costs, giving you peace of mind because you know you won't have to worry about major medical bills.
For someone in their 60s, health insurance might cover things like physiotherapy for joint pain, dental treatments, and even prescriptions for conditions like diabetes. These are expenses that can add up quickly, but with health insurance, you can reduce the financial strain.
And it's not just about covering health issues - it's also about prevention. With the right coverage, you can access regular check-ups and screenings that might catch problems before they become serious.
Types of health insurance for over-60s
There are several options available for people over 60 - here's an overview of the most common policies:
Private medical insurance: This is the most popular form of health insurance in the UK. It covers the cost of treatments that are typically not available on the NHS and offers faster access to care. If you need surgery, specialist treatment, or even a private hospital room, private medical insurance will cover it.
Top-up insurance: Some people make use of NHS treatment but still want to top-up their coverage with a private policy. This means you'll still be able to use the NHS for your standard care, but get extras like quicker access to consultations and treatments.
Critical illness cover: This provides a lump sum payment if you're diagnosed with a serious illness like cancer or heart disease. It's not a standard health insurance policy but it can be useful if you're looking for extra financial support during a difficult time.
What to look for when choosing health insurance
It's important to choose a plan that fits your lifestyle and health needs. Here are some things to keep in mind:
Premiums and excess: Health insurance premiums are the amount you pay monthly for insurance. The lower the premium, the higher the excess you might have to pay when you need treatment.
If you don't expect to need regular care, you might opt for a higher excess and lower premium. But if you expect to need more treatment, a lower excess might be worth paying a higher premium for. Make sure you find a balance that works for your budget.
Age restrictions: Some health insurance plans have age limits, and policies may be more expensive as you get older. On the other hand, there are many companies that offer health insurance to people well into their 70s and 80s, while others may have no age limit at all.
Specialist coverage: If you have specific health needs, such as treatment for arthritis or diabetes, it's worth checking whether the insurance covers these. Some policies offer specialised care for older people, such as extra physiotherapy sessions or home nursing care.
Network of providers: Some insurance companies have a list of hospitals or clinics where you can go for private medical treatment. It's a good idea to make sure the hospitals you prefer are included in the network.
Summing up
Health insurance isn't just a safety net for people over 60 - it's an investment in your well-being. Whether you're looking for private medical insurance, top-up coverage, or critical illness protection, there are plenty of options that can help ease the financial burden of healthcare as you get older.
Take time to compare policies, considering your health needs, budget, and any specific preferences you may have. This way, you'll get the coverage you need for peace of mind in your golden years.
Frequently Asked Questions
What extras can over-60s add to their health insurance?
People over 60 may be eligible for various extras on health insurance, including health screenings, rehabilitation services, dental and optical care, and mental health support. Some plans even provide complementary therapies, wellness packages, and 24/7 health helplines.
Can I get health insurance if I have pre-existing medical conditions?
Yes, many health insurance providers will offer coverage to those with pre-existing conditions. But the cost of premiums might be higher, or the insurer might exclude coverage for certain conditions. It's best to shop around and compare policies to find one that works for you.
How much does health insurance for over-60s cost?
The cost of health insurance varies depending on factors like your age, health, and the level of cover you need. Your medical history, past claims, and whether you include extras like mental health benefits may also play a role in the price. It's worth comparing different providers to find the best deal.
Will I still be able to use the NHS with health insurance?
Yes, you can still use the NHS while having health insurance and private treatment. Many people use private insurance for quicker access to non-emergency treatments or to avoid long waiting times, but they still rely on the NHS for things like emergency care and routine GP visits.
About the author
Lawrence Howlett
Lawrence Howlett brings a results-driven mindset to his writing, shaped by over a decade of experience across finance, legal, and energy sectors. As the founder of Moneysavingadvisors, he’s built a reputation for turning complex financial concepts into clear, actionable insights for consumers. His writing stands out for its clarity, structure, and focus on delivering value.
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