Month: March 2021

What is excess in health insurance?

What is excess in health insurance? In simple terms excess payment means the amount of money that you will be paying out on your medical insurance before the health insurance kicks in. This is designed to balance out the annual cost of health insurance for you. It means that if you are unfortunate enough to become ill and need medical treatment your excess payment will reflect this saving as opposed to the premiums being paid by you. This can work well if you have a particularly expensive illness or are otherwise at a higher risk than other policy holders.

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