What is Health Insurance Excess? 2026 ᐈ How does it work?

What Is A Health Insurance Excess And How Does It Work? - Get fast access to treatments, avoid NHS waiting lists - Get access to top UK consultants and private hospitals - Get speedy diagnostics and tests - Save up to 23% by switching with us # What is a health insurance excess and how does it work? You are thinking about getting private health insurance, but have you heard about the term “excess”? It sounds a bit daunting, but do not worry! We are here to break it down for you in an easy way. Let’s break it down! ## Get Tailored Health Insurance Quotes from Top UK Insurers - - - - - - - ## What is excess on health insurance? Think of health insurance excess as a bit like a ticket to a concert. When you buy a ticket, you know there’s a cost upfront. Similarly, when you make a claim on your health insurance, there’s an amount you’ve agreed to pay first—this is your excess. The cool part? You only need to pay this once a year, no matter how many times you claim. For instance, if you choose a yearly excess of £250 and end up needing treatment that costs £5,000, you will need to pay £250, and your insurance provider will take care of the rest. If you need more treatment later on, you won’t have to pay that excess again—your insurer’s got your back! ## Why would you choose to pay an excess? Now, you might wonder why anyone would want to choose a higher excess. Well, opting for a higher excess usually means lower monthly payments. But make sure it’s an amount you can easily part with if you need to make a claim. Insurers usually offer a range of excess amounts, from £0 all the way up to £5,000. Keep an eye out though—each insurer has different options. For example, Bupa’s excess options are £0, £100, £150, £200, £250, £500, £750, £1,000, £2,000, £3,000, and £5,000 per policy year. AXA health insurance excess doesn’t include a £150 option. Always check your policy documents carefully, especially if you are switching providers, to understand what options are available. ### How often do I need to pay for health insurance excess? With most