Increasing numbers of people in the UK may be getting quotes for cash plan private medical insurance after a huge increase in premiums by the large traditional policy providers. Bupa, the biggest private health insurance company in the country, has increased its prices by 14 percent in the last two years, and similarly PPP Healthcare has upped its costs by 12 percent. This is simply too much for some people, especially with more and more redundancies and lay offs meaning that people do not have as much disposable expenditure as they used to. Cash plan private medical insurance is an excellent way for people to cut costs while still having a number of health benefits.


Over the past year the number of people in the UK who have a traditional private health insurance policy has fallen dramatically. Over 10 percent of people used to be covered, but this has dropped to just 6.3 percent according to research by Laing and Buisson. Cash plan private medical cover on the other hand has been booming recently, with the sale of policies increasing a massive 180 percent over the past 12 months. Companies as well as individuals are discovering the advantages of switching to this more affordable health insurance, with 14 percent of businesses in the UK now offering cash plan health cover for their staff. This can be seen especially among smaller businesses with over a quarter of those with less than 100 staff now providing cash plans for their employees.