Health Insurance Renewals

Provider health insurance renewal process

The process to renew your health insurance policy will vary per provider, but it may happen as follows:

1. Your current policy provider contacts you, informing you that your policy will soon be ready to renew. Some insurers may offer you a renewal quote there and then, but others will provide you with the information to get in touch about the renewal of your policy.
2. At renewal, your provider would assess your existing contract when offering you a new policy. You may find  that changes in your age, medical inflation and impact of claims may reflect in the renewal premium.
3. Once the provider has had the opportunity to assess your renewal policy, taking into account any changes that they’ve had to make, impacts on the policy and alterations you have requested, they will notify you of any premium changes and what options you have.
4. It is then up to you to decide whether to agree to the renewal contract or if you'd prefer to opt for a policy from another provider.

We strongly advise that you compare your policy options come renewal against the one offered by your provider. It may seem easier to renew, but there may be more competitive options available to you. We can help to negotiate your renewal terms by going through the following process:

Medical underwriting and renewals

When you first take out a health insurance policy, you will be given an underwriting start date. Come renewal, even if you wish to change insurers, you may have the option to continue with your original underwriting terms. However, if you have developed a health condition during your policy, changing your provider may lead to a medical exclusion being included on your policy. If this is a concern of yours, then we may recommend that you renew with your existing insurer. Every insurer has slightly different acceptance criteria, so while one policy option may include an exclusion, another insurer may offer you a policy without applying one. Please bear in mind that for any continuation of cover, you’ll need to have your certificate of insurance on hand.

Advantages of renewing through us

As an independent broker that can offer a fair and personal analysis of the market, we provide you unbiased advice on all of the options available. We’re able to compare the policies available for you and, for example, if you find that one provider applies an exclusion to your renewal policy, we may be able to find you a provider that will cover the treatment. If a medical exclusion is a necessity for your health insurance policy, we’ll gather information from you in an attempt to have the exclusion specific to your illness. This may be beneficial to you as an otherwise broad exclusion could restrict your access to certain treatments that aren’t directly correlated to your medical history.

Once you are happy to proceed we take care of everything for you, providing ongoing support and ensuring that the process of moving providers is as smooth as possible and hassle free.