Often, the words ‘cheap’ and ‘health insurance’ are not included in the same sentence. Everybody assumes that having a policy in the UK is expensive and something that you really have to budget for. However, this is not always true.
Health insurance can be much more affordable than you think. This is particularly true when it comes to policies for children under 18 years old. So, let’s take a closer look at the details and what you can expect when it comes to children’s health insurance.
Is Child Health Insurance Affordable?
Most of the time, child health insurance policies are going to be cheaper than adult ones. This is due to their age. Namely, the younger you are, the less likely it is that you will need medical assistance or treatment. This is a generalisation, but it is one that is used in the insurance industry and for health insurance.
The best way to find out how much a child’s health insurance policy will be is to get a quote. After all, a policy is decided on your personal details and everybody is going to be different. Some will be cheaper than others. You can head to https://www.usaycompare.co.uk/health-insurance/child and Usay Compare can give you a quote for a child’s health insurance. This way, you can make up your mind about whether you think this is affordable for your budget. Here are some things that can affect the price of a policy:
- Age of the child
- Location and address
- Any pre-existing conditions
- General health
Ways to Keep the Price of Child Health Insurance Down
The NHS is suffering right now and you might be looking for ways to protect your child and allow them to gain quicker access to healthcare. But, if you are worried about the cost of child health insurance, there are things you can do to minimise your payments. Let’s take a look at some of the things you can do, and that can help to reduce how much you pay overall.
Pay Annually
Some health insurance providers will give you the option of paying the policy annually. This is opposed to paying on a monthly basis. In some cases, this will actually cost less since you are making one payment. So, this is an option you can explore and see if you are able to reduce how much you are paying overall for the policy of your child.
Have More Excess
There is always going to be an excess on a health insurance policy. This is an amount you have to pay before the insurance kicks in on medical treatment. But, if you are concerned about the money you are paying for a policy on a monthly or yearly basis, you might want to consider having more excess. This is a way that you can keep your payments down. You just have to be aware that you can have a bigger bill if your child needs medical treatment.
Avoid Optional Extras
There are going to be optional extras you can add to your child’s health insurance policy when you take it out. Of course, these can be good options if you want support with dental care and travelling cover. But, they are going to mean that your policy costs more. So, if you want to make sure that the policy is affordable, you can avoid the optional extras. They are always something you can explore later on once you are paying for the policy.
Watch Your Claims
When you have a health insurance policy, there is going to be a temptation to claim for everything. However, you have to realise that every claim you make will affect how much you pay. Namely, if you make a lot of claims, this is going to drive up the price you pay for your policy over time. So, be careful with what you claim. This can help to keep your bills down. If you can afford to pay, it might be best to do this and wait for more expensive treatment before claiming.
