With stress-related illnesses becoming more commonplace, Peter Madigan asks what mental health cover is offered by private medical insurance providers
Private medical insurance (PMI) providers have offered psychiatric care as part of their comprehensive plans for several years. Indeed, advisers and insurers report that PMI with psychiatric care included sells in greater numbers than plans without. Admitting to mental health problems has become less stigmatised and as employers are more aware of their obligations regarding employee benefits, providers could be on the brink of seeing a surge of new business. Acute conditions Research by Norwich Union Healthcare has indicated that one in three GP appointments are related to depression. Th...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
