Frequently asked questions
What should I do if I was to leave my company health insurance policy?
Get in touch with us as soon as possible. We will review your current benefits and find a matching individual policy that fits your budget. Most importantly, we will guide you on how to protect your underwriting, ensuring continuity of cover without facing new medical exclusions.
Why should I use a broker?
Going direct limits you to one provider and one product. By contrast, we provide a complete market comparison from leading insurers to find the perfect fit. We offer independent, regulated advice, save you hours of comparison work, and use our buying power to negotiate your premiums when its time for the renewal.
Will the policy cover pre-existing conditions?
On some business group schemes, yes. On individual personal schemes, pre-existing conditions (anything you’ve had advice, treatment, or medicine for before the policy starts) are usually excluded. However, under standard personal terms, if you remain completely symptom and treatment-free for that specific condition for two years, it may become eligible for cover under the policy.
What benefits are there for putting a policy through
my business?
This allows limited companies to receive corporate tax relief, as the premiums are viewed as a business expense that reduces taxable profits.
How much do you charge for your services?
We do not charge you a fee for our services. Instead, we receive a commission directly from the insurer. This does not affect the premium you pay, ensuring you get our independent advice at no extra cost.
What is Underwriting?
This is the process insurers use to determine medical risk, directly impacting how your policy is priced and what is covered.
Full Medical Underwriting (FMU):
Requires policy members to complete a full health questionnaire, the insurer then decides what is covered or not prior to the start date of the policy.
Continued Personal Medical Exclusions (CPME):
Also know as switch or continued underwriting, this is when you choose to transfer your policy to a new provider, therefore continuous, so protects your existing terms.
Moratorium (Mori):
A common option for individuals and smaller businesses.
It automatically excludes treatment for conditions were you have had treatment, medical advice or medication in the 5 years before joining, but could become coverable if trouble-free after 2 continuous years.
Medical History Disregarded (MHD):
Available to larger businesses and corporate groups. This is the most comprehensive option as it covers eligible pre-existing conditions, there is no medical history check.
Have more questions? Get in touch with us today.