Private Health & Medical Insurance Information

A UK private health insurance news and information blog discussing the latest developments in the health and medical insurance (PMI) industry.

Monday, 5 November 2007

Health Insurance Firm Expands

Private health insurance company, Freedom Healthnet Ltd, is delighted to announce its move to larger offices within the prestigious commercial development of Bourne Gate in Poole. Nestled with the DVLA, Virgin Media and other quality businesses, the growth into new offices demonstrate how successful the Freedom health insurance policies are with both corporates and individuals.

The Freedom Medical Insurance Policies were introduced 4 years ago as the company identified a significant gap in the market. There were either hospital plans - which paid out a fixed amount per day when you had to spend time in a hospital - or there was medical insurance which tied you to a hospital, such as BUPA or BMI. Freedom Medical Cover offered something completely different. Upon approval of an inpatient claim, the health policies would pay out cash, directly into the bank accounts of the claimant, before the treatment took place. This would then enable the patient to do one of 3 things:
  1. pay for their treatment in the private hospital of their choice

  2. wait for treatment on the NHS and keep the money

  3. find a quality hospital abroad and get treatment there.

All of these options gave the possibility of excess cash for the customer to keep - perhaps to pay towards a holiday to help recovery or to support time off work, for instance.

Many people do not realise that operation costs can vary substantially from one private hospital to the next. The Freedom health policy allows the client to shop around and find the best deal OR they can use the money towards getting the best consultant in the country (or in Europe, or in the US) and paying the difference themselves. The whole purpose of medical insurance from Freedom was to give the policyholder choice.

Freedom's employee medical insurance has been increasingly taken up by companies wanting to reduce the amount of time their workers have off sick and also to offer them an extra incentive to stay at the company.

The expansion of the health insurance provider into its new offices is indicative of the unique offering and quality service that Freedom Healthnet provides to its clients.

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