How can I reduce my premium?
Useful ways you could save money and reduce the cost of your health insurance premium.
Save money on your health cover
Access to private treatment is valuable, and costs of private treatment continue to rise, which in turn leads to higher premiums.
The following are ways in which you may be able to reduce your premium. There are pros and cons to each, which will differ according to your personal circumstances, and the premium savings will vary.
Not all of the options shown will be available to everyone.
Tailor your options
Many of our health plans allow you to choose a range of optional benefits and benefit limits, for example, enhanced Out-patient or Cancer Care benefits. Reducing these options and tailoring your plan can help reduce your premiums at renewal.
Pros
Pay lower premiums.- Tailor your cover to include only the benefits you need.
Cons
Care should be taken when reducing your cover and the impact this may have any on future treatment.- With medical treatment costs increasing, reducing your benefits could lead to you having to self-fund part of your claim.
Exclude Premium Hospitals
WPA provides an extensive choice of hospitals as standard. Other hospitals are available with the Premium Hospitals option. Premium Hospitals are often centres of excellence that are primarily based in Central London. This could save you money if you choose to exclude them from your cover.
Pros
- Save money if you exclude Premium Hospitals.
- Access to over 1,000 hospitals nationwide as standard with freedom to choose where you go for treatment.
Cons
- Reduces your choice of hospitals and consultants.
- A Qualifying Period will apply if adding Premium Hospitals, which may delay your treatment.
Increase Shared Responsibility or Excess level
On many of our plans you can choose a Shared Responsibility level - the higher the level, the lower your premium will be. The same applies if you have chosen a more traditional Excess option on your plan.
Pros
- Keep more money in your bank account.
- With Shared Responsibility or Excess, once you've paid the capped limit there is no reduction in benefits available.
- Shared Responsibility can be better than an Excess as you will always get back a percentage of every eligible claim.
Cons
- With Shared Responsibility, if you claim you will pay a percentage of the costs capped to the limit chosen.
- You can increase your Shared Responsibility or Excess as many steps as you like, but can only reduce one step at each renewal.
Transfer to a new health plan
Transferring to a new plan can offer significant savings, with options to tailor your cover and choose a level of Shared Responsibility or Excess.
Pros
- Pay lower premiums.
- Tailor your cover to include only the benefits you need.
- Gain access to benefits which may not be available on your current plan.
Cons
- Care should be taken when transferring your cover to a new plan to ensure your cover is suitable for your needs.
- You may be required to undergo a form of medical underwriting, which may lead to personal exclusions being applied.
Recommend a friend
Refer us to a friend and we'll thank you with £150 when they successfully join WPA.
The scheme is available to existing WPA members who introduce new members living in separate households. Up to five referrals can be made per household, per Policy/Scheme Year.
Recommend a friendSwitching health insurance providers
If you have an existing health insurance plan there are options available for you to switch your cover to WPA. This may provide more flexibility with benefits, a greater choice of options to lower premiums as well as our award-winning customer service.
Find out more about switching
We are here for you
Talk to us
If you'd like to talk to someone about ways to reduce your premiums or transfer to a new policy, please give our UK team a call on:
01823 625230
Email usCost of living crisis
If you are experiencing financial difficulties please view our support page which contains useful information on what you can do, how to get in contact and how we can help.
Cost of living crisisExisting members
Members have access to a range of support services, including Remote GP Services, as well as exclusive member offers and ways to manage your membership on the go.
Existing members