Caroline, 25 and Ben, 26 would like to purchase private medical insurance (PMI) cover. Being a young couple on a tight budget, they want to keep costs as low as possible and can currently afford a maximum monthly premium of £50 each. Ben, a smoker, is an amateur rugby player and has a shoulder injury resulting from frequent dislocation, other than this he is healthy. Caroline is also a smoker, but has no health problems. The couple have joint savings of £8,000. They are planning to start a family in the next couple of years and would like the option to extend cover in the future to include the whole family. What are their cover options?
Larry Bulmer, Health Decisions Although Caroline and Ben are on a budget of £50 each this should allow them a level of flexibility in the scheme that they choose. It is unlikely that Ben's shoulder injury can be covered, as this is a pre-existing condition, which has a tendency to reoccur. With PMI the fact that they are smokers can be disregarded as the companies that we would quote do not currently take this into consideration. Both Caroline and Ben are below the age of 30, when PMI premiums are competitive. Once above the age of 40 the premiums can rise quite considera...
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