Alternatives to Traditional Medical Insurance

From FT your money 5 June 2001

It makes sense to look carefully at your options before deciding whether to buy a policy. One of the obvious options is simply to pay for private treatment yourself, whether out of your savings or by borrowing.

This is an increasingly popular option, with numbers growing at 10 to 15% a year over the last three to four years. Roger Hymas, ex-Managing Director BUPA Insurance said "Many people in PMI schemes will pay less overall by canceling their policies, investing the premiums in some form of savings account and then paying cash for any treatment they require."