Everything you need to know about excess and how it applies to your cover
Usually when you’re looking at health insurance policies you’ll have to choose an excess amount to get a quote. The excess can have a big impact on your policy, especially when it comes to deciding the cost of your cover.
We think it’s important to understand excess, which is why we’ve answered the most common questions to help you decide what’s right for you when it comes to picking your excess amount.
To find out more or to get a quote call us on 01134950976^
Get a quote for Comprehensive health insurance or Treatment and care
What is an excess?
An excess is the amount you’ll have to pay when you make a claim on your health insurance policy.
Having an excess means that you have to pay part of your treatment costs up to the amount of your excess. For example, if you have treatment that costs £3000 and you have agreed an excess of £500, you’ll pay £500 and your insurer will pay the remaining £2500.
The amount of your excess is chosen by you and/or your insurer when you take your policy out, depending on the type of excess.
How does an excess affect my cover?
Your chosen level of excess will impact the cost of your monthly premium. For example, paying a higher excess will help reduce the cost of your premium, while choosing a lower excess will increase your premium.
Not every policy will have the same kind of excess, so it’s important to understand how and when your excess applies to your health insurance policy, and if you’re happy with the amount you need to pay should you need to claim.
How does excess apply to a Bupa health insurance policy?
We have two different levels of private health insurance cover: Treatment and Care, and Comprehensive. On both options you can choose an excess of £0, £100, £150, £200, £250 or £500.
On our policies you’ll need to pay your excess (if applicable) on your first eligible claim of each membership year. You’ll only need to pay the total amount of your excess once per membership year, even if you make more than one claim for a condition. However, if your treatment starts in one membership year and continues into the next, it could apply twice to a single claim.
You can amend your level of excess at each annual renewal. Again, if you choose a higher excess you can help to reduce your monthly premiums.
Learn more about private health insurance
Our useful guides are here to help you understand the fundamentals of health insurance. We also cover a number of key health topics – such as looking after yourself as a parent and taking care of your children’s health.
^ We may record or monitor our calls. Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 12.30pm.
Bupa health insurance is provided by Bupa Insurance Limited. Registered in England and Wales No. 3956433. Bupa Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Arranged and administered by Bupa Insurance Services Limited, which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No. 3829851. Registered office: 1 Angel Court, London, EC2R 7HJ.