healthcare deposit account

8/14/2019 Healthcare Deposit Account

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HealthcareDeposit AccountPrivate medical insurance with a real dierence

An introduction


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About us

National Friendly is a healthcare provider with over 140 years o experience. We were ormed way back in

1868, long beore there was a National Health Service. In act, we were asked by the government to help

run state healthcare rom 1912, and then later in 1948 help set up the NHS as we know it today.

As a riendly society, we do not have any shareholders. Instead we use our prots to benet our

customers, who are our members. By working solely or our members, we can ocus on providing only

the best services possible.

Which is why, when you open a Healthcare Deposit Account, you enjoy all the advantages membershipbrings.

As a riendly society and a mutual, we use our profts to beneft our members

This brochure is an overview o our Healthcare Deposit Account. I youd like more inormation,

please read the Your policy explained document.


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Why do I need privatemedical insurance?

1 Treatment in hygienic surroundings

With superbugs and MRSA threats constantly being reported, 62% o people taking private medical

insurance said that gaining access to clean hospitals was the main reason why they opted or private care 1.

2 Access to treatment quickly

The government has stated that no one should have to wait more than 18 weeks rom reerral to

treatment on the NHS2. However, eeling unwell or in pain or 18 weeks can be too long to bear

or many. Private medical insurance gives you access to treatment immediately ater diagnosis,

eliminating the anxiety o waiting or medical care.

3 Private acilities

Whether you choose to have your treatment in a private hospital or be treated privately in an NHS

hospital, you can enjoy the privacy o your own en-suite room.

4 Choice about where you are treated

As a private patient, youll have more choice about where you want to be treated, who treats you and

when you want the treatment to take place. Youll avoid the postcode lottery oten associated with some

orms o healthcare3.

Getting quick and easy access to the right health cover when you need it is essential.

Whilst the NHS aims to treat everyone as quickly as they can, oten they are so overstretched

that this isnt always possible. Thats where private medical insurance can help.

Private medical insurance can provide peace o mind along with reedom o choice when it comes to both

your health and the health o your amily. For an agreed monthly payment you get quick access to a wide

range o treatments at clean, private hospitals, anywhere in the country.

1http://www.privatehealth.co.uk/news/september-2006/superbugs-patient-concerns/?locale=en

2http://www.dh.gov.uk/en/Publicationsandstatistics/Statistics/Perormancedataandstatistics/18WeeksReerraltoTreatmentstatistics/index.htm

3http://www.telegraph.co.uk/health/2700686/Healthcare-postcode-lottery-means-patients-losing-out-on-cancer-treatments.html

4 reasons or choosing private medical insurance

When you consider the benets o private medical insurance against the reality o standard healthcare,private medical insurance really does start to make sense.


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Private medical insurancewith a real dierence

Traditionally, private medical insurance has been considered by some as expensive and restrictive when it

comes to claims, and even wasteul with some people being covered or an amount ar greater than

they need.

Thats why the Healthcare Deposit Account has been created. It provides ast and comprehensive

healthcare when you need it most, but in a very dierent way. Unlike other policies, your premiums wont

increase each year and youll build a cash und which youll use towards each claim. The way the plan is

set up keeps your premiums to a minimum, making this cover very aordable.

Why were unique

Problems withtraditional cover

The benefts o the HealthcareDeposit Account

Yearly premium increases

Each year your premiums are reviewed based on

your current age and health, so theyre likely

to increase.

Fix your premiums or lie

We will never increase your monthly premiums,

well just increase your minority share o each claim

when you reach 65. So, as your minimum premium

is based on your joining age it makes sense to join

sooner rather than later.

Reduced premiums may mean reduced cover

Reducing the cost o premiums usually means

limiting the number o benefts you can claim or.

Comprehensive cover

Cover includes consultations, surgery, recognised

alternative therapies, cancer and heart treatment.

You are also covered or a range o dental and

optical claims as standard.

Rejection on renewal

I your health has deteriorated, its possible that your

cover wont be renewed or the ollowing year.

Cover or as long as you want it

Your Healthcare Deposit Account continues or

as long as you want it to with no renewal notices

or premium reviews. Well simply write to you

each year to confrm how much you have in your

personal deposit account.

Excess to pay when you claim

You suddenly need cash to und towards your claim.

You simply pay your share and no more

This is a simple deduction rom the balance you have

built with us.

Limited choice o treatment location

You may have to use treatment providers that have

already been designated.

Choose rom unrestricted network o hospitals

You can choose where you have your treatment.

More cover than you needSome minimum levels o annual cover are sometimes

unnecessarily high, which increases premiums.

You select your level o cover and premium

From 5,000 to 100,000, you select the amount

o cover you think you need. This, along with your

age, will dictate your monthly premium. So you

can select a monthly premium that you know you

can aord.


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Plus extra benefts

You wont pay or other peoples claims.

We wont infate the premium o those who dont claim to subsidise those who do.

Your individual premium is based on you and you alone not our other customers.

Cash back or NHS stays. I you decide to have treatment in an NHS hospital you can

claim cash back or up to 10 overnight stays.

Problems with traditionalcover (continued)

The benefts o the HealthcareDeposit Account (continued)

No claims discount

They always sound good, but i you claim even a

small amount you lose your no claims discount and

premiums can increase substantially.

Your health is important

We consider your health too important so we never

discourage you rom claiming. I you do claim, it

will not aect your premiums.

Limits on certain claims

You may only be covered up to a certain amount

each year or some conditions/treatments.

No limits or separate procedures

All medical claims can be claimed rom your annual

allowance. Only dental & optical and NHS claims

have separate set limits.

Compromise on how quickly you can get cover

Some less expensive policies only allow you to go

private i you have to wait weeks or NHS treatment.

Youll be seen straight away

With the Healthcare Deposit Account, you always

have the option to go private straight away with

an unrestricted choice o UK1 private hospitals and

treatment locations. Or, i youd preer to save

money on treatment, you can opt to use the NHS.

I youre unsure, our claims process is managed by

doctors and nurses wholl give you proessional

medical guidance throughout your treatment to

help you decide.

1For the purposes o this plan this means England, Scotland, Wales, Northern Ireland, the Channel Islands and the Isle o Man.


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What we cover- a summary

With the Healthcare Deposit Account you can eel reassured that the competitive monthly premiums youll

pay will provide the comprehensive cover youd expect.

This is a brie summary o what we do and dont cover. For ull details please read pages

12-14 in the Your policy explained document.

Included

Medical cover

3Hospital charges3Consultant ees3Radiotherapy and chemotherapy3Cancer treatment3Heart surgery3Other surgery (including minor and oral)3Psychiatric treatment (acute)3Specialist consultations3MRI, CT PET scans3Other diagnostic tests3Physiotherapy3Chiropody/podiatry3Chiropractic/osteopathic3Alternative therapies3Nursing at home3Private ambulance3Dental cover (ater frst 6 months)3Fillings, dentures3Optical cover (ater frst 6 months)3Glasses, contact lenses, laser eye treatment

ater 2 years

3NHS hospital stay cashback

Excluded

Medical cover

7Any condition you had beore you joined,unless we knew about it when you joinedand agreed to cover it OR you opted or

moratorium cover and have had no symptoms

or at least two years during the policy

7Costs in relation to childbirth orertility treatment

7Cosmetic treatments7GP charges7HIV or AIDS related conditions7Long-term conditions7Out-patient drugs and dressings7Overseas treatmentDental cover

7Check upsOptical cover

7Eye tests


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What our cover costs

The Healthcare Deposit Account gives you the reedom to decide how much cover you need or the

monthly premium you can aord.

You simply look up your age, choose how much cover you require and this tells you how much your

monthly premium will be. Your premiums are xed or lie so you will never be aected by premium rises i

we change them in the uture or new customers.

The table below shows the maximum levels o cover available each year, but the amount you

can claim will also depend on your personal deposit account balance.

1Available or the rst ten years o policy only 2Maximum ten nights per annum

Choose your premium Maximum cover available each year

Fixed monthly premium basedon your joining age

10 yearTop-up1premium

DepositAccountMedical

cover

10 yearTop-up1medicalcover

Dental &opticalcover

NHSpaymentsper night2

Age 0 -17 18 -29 30 -49 50 -60 61 -64 65-70

10 3 7 7 7 7 7

Either

10

or

15

5,000

Either

30,000

or

45,000

150 10

20 3 7 7 7 7 7 10,000 300 20

30 3 3 7 7 7 7 15,000 450 30

40 3 3 3 7 7 7 20,000 600 40

50 3 3 3 3 7 7 25,000 750 50

60 3 3 3 3 3 7 30,000 900 60

70 3 3 3 3 3 3 35,000 1,050 70

80 3 3 3 3 3 3 40,000 1,200 80

90 3 3 3 3 3 3 45,000 1,350 90

1003 3

3

3

3 3

50,000 1,500 100120 3 3 3 3 3 3 60,000 1,800 120

140 3 3 3 3 3 3 70,000 2,100 140

150 3 3 3 3 3 3 75,000 2,250 150

200 3 3 3 3 3 3 100,000 3,000 200

Explaining the top-up cover

You have the choice o either 10 a month which gives you an extra 30,000 o medical cover, or

15 a month which gives you an extra 45,000 o medical cover.

Your personal deposit account balance will be used towards the claim rst, beore the top-up is used.

Your top-up cover will reduce each time you use it .

The top-up does not include cover or dental or optical claims or NHS hospital stay payments.

It lasts or ten years or until it runs out, whichever is sooner. At this point you should ensure your

personal deposit account balance is enough to cover your own share o any claims.


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HealthcareDepositAccountscheme

Fixedmonthlypremium

50 a month

Top-uppremium 10 a

month= 30,000medical cover

Personaldeposit account

25 a month

x 24 months

= 600

Claim payment600 x 10= 6,000

+ 4,000 fromtop-up cover= 10,000

2525

10%90%

Miss Lanes medical bill is paid in

ull and her 30,000 top-up is

reduced by 4,000 to 26,000.

A claim in action

Miss Lane is 55 years old

She pays 50 a month xed premium and 10 top-up premium

Shes been a policyholder or 2 years and has made no claims

She has her ull 30,000 medical top-up available

She needs to make a medical claim or 10,000


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Healthtrust Ltd is authorised & regulated by the Financial Services Authority

You can apply to join the Healthcare Deposit Account by printing off and

completing one of the applications forms listed here. Either send it to the

address below or fax to 01794 330 090.

Use this application form if you are generally well and have no existing

medical conditions - apply here

Use this application form if you have some existing medical conditions

to declare - apply here

Use this application form if you have existing medical conditions and

also currently have private medical insurance cover - apply here

You can download the full policy document detailing all the benets, terms

and conditions by clicking here.

PO Box 273 Romsey SO51 9WZ

T: 0800 083 4116

F: 01794 330 090E: [email protected]

www.healthtrust.uk.com

P R I V A T E M E D I C A L I N SU R ANC E A DV I C E
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