AMII concerns over Star Ratings

The Association of Medical Insurance Intermediaries (AMII) expresses its concerns at Defaqto’s ‘Star Ratings’ for private medical insurance (PMI) launched this week.

AMII’s Chairman, Andrew Tripp said, “Our members, all of whom are specialist independent healthcare intermediaries with considerable expertise in PMI, are bemused by Defaqto’s ranking of PMI products. For example, we do not understand how a budget plan with little out-patient cover can be given the same 3 stars as other full out-patient products, it doesn’t make sense.

“PMI is an extremely complex product and really does need specialist advice so that the product bought really is suitable and appropriate to an individual’s personal circumstances and wishes. Type of cover, fully comprehensive v policies with exclusions, cover for cancer treatment, levels of excess, pre-existing conditions, hospital choice are just a few of the factors that need consideration. Introducing simple star ratings to PMI products is highly dangerous and not in the best interests of consumers.”