Private Medical Insurance Calculator
Our private medical insurance calculator estimates the monthly cost of health insurance in the UK based on your age, cover level, hospital list, and excess. Private medical insurance provides access to private consultants, faster diagnosis, and treatment in private hospitals — avoiding NHS waiting lists for non-emergency care.
Private Medical Insurance Calculator
Estimate your private medical insurance (PMI) premium based on your age, cover level and excess.
PMI premiums are indicative. Actual premiums depend on health declaration and insurer. Compare FCA-regulated providers.
What Private Medical Insurance Covers
Core PMI cover includes inpatient and daycase treatment at approved private hospitals, outpatient consultations and diagnostic tests (if included), mental health treatment, cancer cover, and specialist consultations. The comprehensiveness of cover and the hospital list are the two biggest drivers of premium variation. Monthly PMI premiums for a single adult vary from approximately £50–£80 for a basic plan at age 30 to £150–£300 for comprehensive cover at age 50. Corporate PMI through an employer is typically 30–50% cheaper than equivalent individual policies — but it is a taxable benefit in kind. Use our Taxable Benefits Calculator to see the exact income tax cost for any employer PMI premium.
Frequently Asked Questions
PMI value is most obvious when you need it — for diagnosis and treatment of a new condition that would otherwise involve months of NHS waiting. The peace of mind value and speed of access are the primary benefits.
A moratorium policy automatically excludes pre-existing conditions for the first 2 years. After 2 years symptom-free, the condition may become coverable. This avoids detailed medical questionnaires at application.
An annual excess means you pay the first £100–£1,000 of each claim year. A higher excess can reduce premiums by 20–30% versus a £0 excess policy.
Yes — employer-provided PMI is a benefit in kind reportable on a P11D. A basic rate taxpayer with a £1,200 annual employer PMI policy pays £240 extra in income tax.
Full medical underwriting at application gives you specific decisions upfront. Some conditions are excluded permanently; others may be covered after a qualifying symptom-free period. Always choose full medical underwriting if you have significant medical history and want certainty. Our Income Protection Calculator models the monthly income replacement option if PMI is not sufficient.
Select the key cover elements you require: inpatient and day-patient treatment is included in all PMI; outpatient consultations, diagnostics, and therapies are typically optional add-ons that significantly increase premium. Hospital list selection — either a comprehensive list including central London private hospitals or a restricted local network — is the most effective way to reduce premium while retaining meaningful cover. Age is the primary driver of PMI cost — premiums typically increase each year at renewal as you age, and the rate of increase accelerates over 50. Existing medical conditions at the time of application are generally excluded. PMI is most valuable for covering elective procedures and reducing waiting time for diagnosis and treatment — it does not typically cover emergency treatment or long-term chronic conditions.
Important Information
This calculator is provided for general information and planning purposes only. It does not constitute financial or tax advice and should not be relied upon as such. Figures are indicative estimates based on simplified, publicly available criteria and stated assumptions. Actual results depend on your full circumstances. See our Disclaimer for further information.