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If you have private health insurance as part of your employer’s benefit package, you might be wondering if you can continue this cover when you retire.
The good news is that many private health insurers will be happy to carry on covering you when you stop working, but bear in mind that the policy may cost you significantly more than it used to as an employee.
Here, we explain what happens to your private health insurance when you retire, why you might want to continue the cover, and some of the alternatives you might want to consider.
If your work cover is definitely ending when you retire, member-only private medical plans from HMCA have guaranteed acceptance and no age limit. For more information, use the button below.
What happens to your work private health insurance when you retire?
In the majority of cases, unless you continue the policy with your health insurer, your cover will end when you retire.
While some companies might automatically offer continuation policies that provide cover for a set amount of time, such as 12 months after you’ve left your job, this isn’t standard practice so make sure you read your policy’s fine print or check with your employer if you’re unsure.
When you move from a company policy to a standalone one, you might find that your terms and conditions change, and it’s likely you’ll be paying considerably more for cover. Generally, when switching to a standalone policy, you can expect your premiums to rise by as much as 40% or sometimes even more.
That’s because company health insurance involves insuring a large group, which spreads risk, and your employer may contribute, lowering the cost for employees.
What are the benefits of continuing employee private health insurance?
One of the most significant benefits of continuing your workplace policy is that it’s more likely that you’ll be covered for a wider range of conditions, including those you’ve already been treated for, than if you took out a new policy elsewhere.
It’s common practice for new private health insurance policies to exclude treatment for pre-existing conditions, so if you were to take out a new policy rather than continuing your old one, you might find you aren’t covered, or you have to pay a lot more for cover. Find out more in our guide Can I get private health insurance if I have a pre-existing condition?
How to continue your private health insurance when you retire
You can either contact your work’s policy administrator to continue your private health insurance or contact your insurer directly to put this in place. Make sure you contact your insurer before you leave your job, otherwise, you might not be able to continue your policy.
If your insurer is happy for you to carry on your policy, it’ll offer you a new quote for the cover. One of the most important things to check is that your cover for ongoing and existing conditions is maintained.
Once you’re happy with your policy, you’ll set up a method of payment and agree on a date for these payments to commence.
Other options to consider
Unfortunately, not all insurers will let you take out a continuation policy, in which case, you might want to consider some alternatives:
Take out a new policy
As with any type of insurance, it’s best to shop around and compare several different policies before buying. Most insurers provide a range of private health cover, with some covering the bare minimum and others covering pretty much every possible scenario. Depending on the level of cover you need, you could find you’re paying for services that you’re unlikely to use, so it’s worth checking what level of cover you have and whether you could look at a more basic option. This may include taking off options for outpatient treatments such as therapies, scans, tests or consultations.
You can read more about private health insurance in our article Do I need private health insurance? and ways to reduce the cost of it in How much does health insurance cost?
There are two main ways to buy private medical insurance.
You can either go directly to a health insurance provider or you can ask a health insurance broker or advisor to help you find the right cover to suit your needs.
Worried about accessing the NHS care you need?
83% of Rest Less members are worried about accessing the healthcare they need on the NHS#, making fast access to treatment more important than ever.
HMCA private medical cover offers affordable, flexible plans, with 90% of members saving money when they switch. Enjoy peace of mind. Join today and get £150 off your subscription.
#Data from over 1,000 Rest Less members surveyed in 2025
^Data from HMCA members who joined between 01/01/25 and 30/06/25
Self insure
Private health insurance isn’t cheap and it’s expensive as you get older. If you rarely make a claim and it’s unaffordable to continue the cover, it might be worth considering self-insuring instead. Around one in four private patients choose this option.
Self-insuring essentially means that instead of using insurance to cover private healthcare costs, you pay for any private health services you need out of your own pocket. Many people choose to fund their own private health treatment when it’s essential and otherwise use the NHS.
Of course, the cost of private medical treatment can be considerable. For example, hip and knee replacements can cost anywhere between £10,000 and £14,000, while MRI scans typically start from £300, so you’ll need a good chunk of savings in place if you’re planning to self-insure.
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* Links with an * by them are affiliate links which help Rest Less stay free to use as they can result in a payment or benefit to us. You can read more on how we make money here.
Worried about accessing the NHS care you need?
83% of Rest Less members are worried about accessing the healthcare they need on the NHS#, making fast access to treatment more important than ever.
HMCA private medical cover offers affordable, flexible plans, with 90% of members saving money when they switch. Enjoy peace of mind. Join today and get £150 off your subscription.
#Data from over 1,000 Rest Less members surveyed in 2025
^Data from HMCA members who joined between 01/01/25 and 30/06/25
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