What is Private Medical Insurance?

PMI explained

Private medical insurance is designed to pay medical costs for an individual. These are usually the costs of in-patient medical care (i.e. the costs of treatment at a hospital when an individual has to stay for one or more nights).

In Britain, people take private medical insurance out often so that they can ‘go private’ in an emergency and get treatment outside of the NHS.

Private medical insurance is often abbreviated as PMI.