An easier way to pay for private medical insurance

How our Healthcare Deposit Account works

• Available to UK citizens up to age 68.
  
• Half your monthly premium goes towards running the scheme and the other half goes into your own personal deposit account.
  
• Premiums are paid monthly, by direct debit and are fixed for life –you just pay more towards each claim from your personal Deposit Account as you get older.
  
• The amount you pay will depend on the type of account you choose, your age when you join and the level of healthcare cover you want.
  
• If you need to make a claim, your personal deposit account will pay a set percentage of the cost based on your age and account type. We'll always pay the majority share.
  
• If you don't have enough in your deposit account for your share of a claim, we will offer you a 'pro rata' arrangement - in other words we will pay a smaller proportion of the amount you are claiming.
  
• The amount you can claim depends on the level of cover you've chosen, how much you have in your personal deposit account and if you have taken the early years top-up option.
  
• The early year's top-up option costs just £5 a month. This gives you an additional £20,000 of medical cover to call on in the first five years, while you are building up money in your deposit account.
  
• You can boost your personal deposit account balance at any time by paying in extra money, which will increase the amount you can claim in the future, up to your chosen level of cover.
  
• You can also withdraw money from your personal deposit account, but this will lower your balance and is likely to reduce the amount you can claim.
  
• The personal deposit account is not a Savings account, so we don’t pay interest. After the first five years you will receive an annual loyalty reward, which we pay directly into your personal deposit account
  
• You can choose either Moratorium cover of Full Medical underwriting - depending on how you want any pre-existing conditions you may have to be treated.