Private Health Isurance in the UK

Private insurers generally do not receive financial support from the state and work on self-financing basis. In accordance with the law, insurance companies have to save money at the end of the year in various reserve funds. In recent years, private insurance companies increasingly take into account other funding sources in their health insurance programs, including funds to support hospitals and health insurance system. Customers of private insurance companies pay for PMI services as for the system of private medical insurance, and by NHS (because they pay the state general tax). Therefore, there are cases when customers pay twice for some individual medical health services. Naturally, these customers can take advantage of all opportunities offered by NHS. Therefore, many hospitals of this service create beds for private patients and charge for them, but most of people insured in the PMI still prefer to be treated in private hospitals.

During determining the amount of insurance premiums and health insurance quotes in the private insurance company they will take into account age of the individual client and the story of his "insurance claims", i.e. his illnesses. Together with the application for insurance client fills out a special form that tests the level of his claims in detail. Each application is carefully examined. In case of a group insurance the size of health insurance quotes is different. Since the employer pays the insurance for the whole group there are usually a specially calculated quotes; in general, the larger the group, the lower the efficiency of premiums to its members. For very large groups the insurer often does not even ask the names of the insured, so the risk of group members cannot be estimated. The employer reports only the number of such members at the beginning and at the end of each contract period for the calculation of total premiums. The value of health insurance quotes for these groups is calculated from the history of claims of this group.