Could you get cheaper private medical insurance?
The NHS provides healthcare from the cradle to the grave - but concerns about treatment delays means many people choose to pay for private cover as well.
Nick Starling, director of general insurance and health at the ABI, says: "The continued rise in the number of people covered by PMI is good news - PMI gives people the peace of mind that they are able to get access to the treatment they need, at the time they need it, where they need it."
While the cost of PMI means it has traditionally been seen as only for the affluent, there are many ways you can cut the cost of cover and adapt your policy to suit your needs.
Moneywise has teamed up with beatthatquote.com to help users find the right medical cover to suit their needs from across the market.
Private medical insurance
PMI allows you to skip the NHS waiting list and arrange treatment at a time you choose. With most PMI policies, you pay a monthly premium (the older you are, generally the higher premium) and the policy will then pay out, up to specified cover limits and after an agreed excess, for any treatment you might need. Not all conditions are covered by PMI and you get what you pay for: the more cover you want, the higher your premium will be.
Association of British Insurers
Established in 1985, the ABI is the trade body for UK insurance companies. It has more than 400 member companies that provide around 90% of domestic insurance services sold in the UK. The ABI speaks out on issues of common interest and acts as an advocate for high standards of customer service in the insurance industry. The ABI is funded by the subscriptions of member companies.