You are here: Home - Insurance - News -

Life-saving drugs from new health insurance policy

Written by:

Leading health insurer WPA is launching a new policy that covers the cost of life-saving cancer drugs unavailable from the NHS.

The policy – mycancerdrugs – charges a one-off annual fee based on the policyholder’s age, so a 40-year-old will pay £40 a year before 5% insurance tax (£42 with the tax added) for a lifetime benefit of £50,000 towards the cost of cancer drugs.

The policy is seen as particularly useful as the NHS has denied cancer patients drugs like Avastin in the past on the basis of their high cost.

The National Institute for Health and Clinical Excellence often delays approval of the drugs as local health authorities refuse to pay for them. The new insurance policy will pay out on a number of drugs licensed by the European Medicines Agency but not available on the NHS.

Julian Stainton, chief executive of WPA, said: “Cancer is no longer an inevitable death sentence. Mycancerdrugs helps fund the cost of advanced drugs where the NHS denies their use.

“For comprehensive private medical insurance, someone in their forties would have to pay around £800 to £1,000. A lot of people simply don’t have that sort of money available to them, so this policy will help.”



Related Posts


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
EDITOR’S BLOG: A property affair

What is it with us Brits and property? We just cannot get enough of it and, now, the way we own...