The specialist medical excess
and shortfall protection plan


Designed to generate savings on your
healthcare insurance premiums

Reduce your medical premiums

  • You introduce (or increase) an excess within your existing private healthcare policy.
  • You will receive a discount from your current insurer.
  • We then provide an insurance policy that reimburses the cost of the excess at point of claim (as well as covering shortfalls up to £500).

The result in the vast majority of cases is a net saving, lower P11D rate and enhanced shortfall protection cover.

What's an excess

Most of us have an excess on our insurance policies. The excess is the amount you have to pay in the event of a claim. In general, the larger your excess is the lower your insurance premium will be (because of the discounts offered by the insurance company.

Excess insurance covers the cost of your excess amount in the event of a claim.

How it works

If you have a £250 excess on your Private Medical Insurance policy and you have a claim for £1000, you are liable for the first £250 of the claim and the insurance company pays £750.

Your medical excess and shortfall insurance policy is designed to reimburse you for the £250 excess you was charged.

What's a shortfall

Shortfalls arise when there is a difference between the level of reimbursement that insurance providers are prepared to pay and the fees consultants and hospitals charge. It is your responsibility as the patient to pay the shortfall.

Your medical excess and shortfall insurance policy is designed to reimburse any shortfall up to the policy limits (£500).

Pays PMI excess up to £500 plus an additional £500 for shortfalls

Medical Excess
Company Plan


Now you can insure your excess & have additional
protection in the event of a policy shortfall

Reduce your medical premiums

As Medical Insurance premiums continue to rise and challenge budgets, introducing or increasing an excess will reduce your premiums. Now, you can insure your excess & have additional protection in the event of a policy shortfall with the specialist medical excess and shortfall protection company, Medex Protect.

Medex Protect can offer an intelligent and highly effective vehicle for Company Funded Healthcare Schemes.


Just some of the many benefits includes:

  • Generate a significant reduction in Net cost
  • Enhance benefits with the Shortfall Protection benefit
  • Reduce P11D Liability for Employees
  • Simplify the Admin process – Employees do not need to be out of pocket, as we will settle the excess payment directly with the provider

Younger (and therefore statistically) Healthier members of your scheme may forgo the benefits of company funded healthcare, because of spiralling P11D costs.

The implementation of the Medex Protect Plan may prevent this from happening, ensuring a better claims performance (and by default a lower premium) in the medium term.

A simple, cost effective method to realise savings in your Private Medical Insurance Costs, without the hassle of constantly changing providers.

Company literature

Free download

Intermediaries


High converting insurance excess protetion
product for insurance brokers

High Converting Insurance Excess Protection Product for Insurance Brokers

Medex Protect is a revolutionary new add-on policy that your clients will definitely want. It refunds the excess they pay if and when they make a claim on their medical insurance policy and, it even provides reimbursement (up to policy limits) for shortfalls – providing that little extra protection and peace of mind; a small but significant add-on that will give you the edge over the competition.


Differentiate your services by offering something extra

It is a tough, competitive market out there. If you can’t offer your clients real added value, they are far more likely to start shopping around.

Introducing your clients to such an innovative and exciting new product like Medex Protect Insurance is a great way to show your clients that you’re actively seeking solutions to the funding challenges that they face today.

It is the perfect way to show you’re ahead of the game - offering them something that is both innovative and  beneficial for them.

Access to a broader range of policies

If your clients are put off by the idea of paying an excess - particularly if it is a large one - Excess Insurance can offer a robust solution to this issue. The stand alone Medical Excess and Shortfall Insurance works harmoniously alongside a Group Medical Insurance Policy and simplifies the process of indemnifying this excess liability, without the added complexity of incorporating a Cash Plan, It really couldn’t be simpler.

Medex Protect is a simple product that does “exactly what it says on the tin”. Selling it couldn’t be easier; simply fill out an application form to add Excess Insurance when your clients renew or take out a new policy.

Medex Protect is an excellent way of retaining clients and encouraging new sales. The information set out above is just the tip of the iceberg when it comes to explaining why our product is the perfect accessory for today's intermediaries. 

Intermediaries literature

Free download

For more information on Medex Protect Insurance Policies please call our Broker Hotline on 0800 787 9304

About Us


The directors of Medex Protect Limited have been working at a senior level within the medical insurance sector for over 40 years

MEDEX PROTECT LIMITED IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY - FRN 735475

The Directors of Medex Protect Limited have in excess of 40 years collective experience of working at a senior level within the Health Insurance sector. The firm was established in order to drive innovation and enhanced value in a sector which has seen reduced choice over recent years, as the number of insurance providers diminishes due to a number of mergers and exits from the market.

The Medex Medical Excess and Shortfall product represents genuine innovation in the PMI market and we remain the only provider to offer this policy on a stand alone basis, specifically linked to an existing Private Medical Insurance Policy.

Medex Protect is supported by a panel of respected Underwriters, including ANV Syndicate 1861 & Lloyd’s Syndicate 510. The Lloyd’s Managing Agent for Syndicate 510 is Tokio Marine Kiln Syndicates Limited, a subsidiary of Kiln Group Limited - authorised and regulated by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and by the Prudential Regulation Authority.

Tokio Marine Kiln is part of the 'AA-' rated Tokyo Marine Group. Their UK operating company, Tokio Marine Kiln Syndicates Limited, currently manages four syndicates at Lloyd’s and, in terms of capacity, is one of the largest agencies trading in the Lloyd’s insurance market. Tokio Marine Kiln is incorporated in England and Wales with registration number 2949032. The registered office is located at 106 Fenchurch Street, London EC3M 5NR.

On 25th July 2016 Medex Protect announced a strategic partnership with Medicash, the leading UK based Cashplan provider (with a pedigree dating back 150 years) to launch Familycare and Familycare Protect. These are policies which are designed specifically to offer comprehensive and innovative Health related benefits for children at rates which are typically as much as 50% cheaper than traditional PMI policies (based on standard multiples applied to calculate the child proportion of the premium and based on the average UK premium). The policy follows the ethos of Medex, which is to use our experience and knowledge of the market, to offer innovative products which offer compelling financial savings whilst delivering a compelling product solution.

Available Literature

Free to download

Contact Us

We have professionals on hand to help you

0800 787 9304

Accounts
admin@medexprotect.co.uk

Sales & Quotations
sales@medexprotect.co.uk
quotes@medexprotect.co.uk

Claims
claims@medexprotect.co.uk

Medex Protect Limited
Bank Chambers
Church Street
Wilmslow
Cheshire
SK9 1AU

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