Health Insurance Guide
Last Updated on Wednesday, 10 March 2010 16:57
What if I want to change to a new insurer?
You can change your PMI company. If you want to switch, there are four main things you need to consider.
Existing conditions
Some insurers may match your exclusions (what is not included in your cover) and add these to your new cover. They will not add any new ones. However, some insurers might not cover illnesses or injuries you have had in the past or any condition that you suffer from now, even if these are covered by your current insurer.
Comparing your cover
Even if your personal medical exclusions stay the same with your new insurer, the overall cover is likely to be different. You should:
- compare the benefits of each insurer;
- compare any cover limits or monetary amounts; and
- ask questions about how the cover works.
Paperwork
Paperwork varies from one company to another, but there’s likely to be an application form to sign and you might need to provide a copy of the policy certificate from your current insurer as proof of your current cover.
When you choose to switch
Usually, private medical insurance is offered through an annual contract. If you are thinking of switching to another insurer, it’s best to consider doing this at your renewal date. At any other time, check if you will lose any payments.
Next: Points to remember
___________________________________________________________________
Health Insurance Guide Index
- How do I buy private medical insurance?
- Will I need to give details about my health?
- How do I choose the right cover?
- What is and is not covered?
- Will my premiums increase over time?
- What if I want to change to a new insurer?
- Points to remember
