Is there a maximum age limit when taking out private health insurance?

Question

Private medical insurance ensures you bypass any waiting lists and receive treatment when you need it most whilst providing the best possible treatment in the most comfortable surroundings.

'Every thing was explained well to us. Full support was given with filling in the forms. The quote was impressive too!'

Type of plan 

- Basic Mid Range Comprehensive International

Excess 

- £0 £100 £200 £500 £1000

Date of birth 

I have been on a group scheme most of my working life and am now getting close to retirement. I was wondering whether there was a maximum age limit to set-up an individual plan for when I leave my company scheme?

Answer 1

As with most things in the insurance world this varies wildly from insurer to insurer, some insurers do place a maximum age limit on starting a new policy which can be as low as age 65. However there are only a handful who have a maximum age limit as low as 65 with many insurers now allowing new joiners up to age 75 and some having no restriction on the age at which you can start a new plan.

Given you are in an existing company health insurance scheme some insurers offer a continuation option for leavers of a group arrangement to continue the policy as a personal plan. If you do review the market when leaving your group scheme there are a number of points to consider including potential medical exclusions, the level of cover your require and which insurer best fits your needs.

Should you wish to discuss furth please do not hesitate to give us a call and we will be able to point you in the right direction.

This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 020 8432 7333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.