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What Is the Average Cost of Family Health Insurance in the UK?

When it comes to protecting the health of your loved ones, family health insurance becomes an invaluable asset. As more and more people are looking for insurance coverage, we are receiving inquiries from individuals and families alike.

One of the questions we get asked the most is regarding what families can expect to pay for health insurance in the UK. While we can offer you a free quotation, this Pacific Prime UK article offers a closer look at what the average cost of health insurance is in the UK to deepen your understanding.

Note that the cost of private health insurance in the UK will differ based on your needs and from one insurer to another.

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What Is Family Health Insurance?

Family health insurance provides private healthcare for every family member. Unlike individual health insurance, this type of plan can cover you, your partner and your children. Families with this type of insurance can access treatment faster than on the UK healthcare system NHS.

Additionally, this type of policy gives you a wider choice of medical facilities, including hospitals and clinics, as well as locations. Family health insurance plans cover a wide variety of illnesses, injuries and symptoms you claim for along with the various forms of treatment.

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Factors That Affect the Cost of Family Health Insurance

In our 2023 Cost of International Health Insurance Report, the UK ranked as the eleventh most expensive country in the world. The average cost of family health insurance in the UK is USD $14,723. This marked a 13-percent increase from USD $13,035 in 2022.

Remember that this amount is only an average and your premium can vary significantly. After all, the cost of a family health insurance policy is based on several factors.

Some questions that will be asked to determine the cost include:

  • How many people will be on the policy?
  • What are the ages of each family member?
  • Where in the UK is the family located?
  • How many people on the policy are smokers?

In addition, other potential variables that will affect the cost include:

  • Private medical treatment costs
  • Preferred hospital list
  • The excess on the plan
  • The type of underwriting (inpatient and outpatient care)
  • The level of coverage
  • Optional add-ons

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How to Compare Health Insurance for Your Family

There are two main costs that you should check when comparing health insurance policies: the premium and the excess. The premium is the amount you pay annually, or monthly, for your policy. The excess, on the other hand, is the amount of the bill you pay yourself if you make a claim.

The average cost of family medical insurance tends to be higher if you have a large family, such as if the policy has to cover over three people.

It’s always a good idea to check the average cost of health insurance for each person to make sure you’re actually saving. With that said, family plans usually include a discount for covering several people on a single policy.

Moreover, it’s important to check the age limits since some policies have a maximum age for children and adults covered. For instance, some policies only cover children under the age of 21 and adults under the age of 70. Be sure to check the limits before making your decision.

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What to Consider When Shopping for Family Health Insurance

Depending on your circumstances and desires, family medical insurance costs can vary dramatically. Even so, it’s crucial to ensure that your family has coverage for any unexpected healthcare costs. Medical emergencies and other healthcare costs can cost you large sums of money if you’re not prepared.

Looking for the right family health insurance plan can be daunting and arduous. For instance, if you are wondering what the average health insurance cost for a family of 4 is, we can help you with a plan that meets your budget.

Moreover, we can also help you and your family find the best private health insurance in the UK by comparing plans from the leading global and local insurance providers. What are you waiting for? Contact us to receive impartial advice and a free quote or plan comparison today.

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Senior Copywriter at Pacific Prime UK
Jantra Jacobs is a Senior Copywriter at Pacific Prime with over 10 years of writing and editing experience. She writes and edits a diverse variety of online and offline copy, including sales and marketing materials ranging from articles and advertising copy to reports, guides, RFPs, and more.

Jantra curates and reports on the results of Pacific Prime’s monthly newsletters, as well as manages Pacific Prime’s Deputy Global CEO’s LinkedIn posts. Complemented by her background in business writing, Jantra’s passion for health, insurance, and employee benefits helps her create engaging content - no matter how complex the subject is.

Growing up as a third-culture kid has given her a multicultural perspective that helps her relate to expats and their families while 8 years of working remotely have given her unique insight into hybrid work arrangements and enthusiasm for employee benefits.
Jantra Jacobs