Medical Recovery Insurance is a new type of insurance protection. Not to be confused with private medical insurance, our plans provide budgets of money designed to alleviate the out of pocket costs of undergoing an operation or a medical procedure, whether the procedure is performed in the state sector or privately.

Benefits are provided according to the normal expected recovery time of a medical procedure and have been based on research and consensus guidelines in conjunction with Working Fit Ltd, a UK based consultant-led independent provider of advice on occupational health.

In developing the product, the company has based its research on OPCS Classification of Interventions and Procedures. OPCS is a procedural classification for the coding of operations, procedures and interventions performed during in-patient stays, day case surgery and some out- patient attendances in the UK.

Our Schedule of Procedures

All operations and medical procedures covered by Medical Recovery Insurance are allocated into four classifications based on the normal expected recovery and return to light work as follows:

1.Recovery and return to light manual work in a few days
2. Recovery and return to light manual work in around to two or three weeks
3. Recovery and return to light manual work in around one to two months
​4. Prolonged recovery

Because of the unique 4 category approach, the company has been able to develop its own unique and proprietary Schedule of Procedures which lists all operations and medical procedures covered by the policy and determines which benefits are payable for each procedure.

MyRecoveryCheque therefore represents a unique approach which differs from traditional Hospital Cash Plans (which typically provide a small cash amount for each night’s stay in hospital) by providing benefits which reflect the normal recovery time for each procedure.

Since the benefits payable under a MediCheque policy are for the recovery as opposed to the cost of an operation, benefits can be amended to suit different audiences and budgets.

Generally our starting point is the preferred premium cost which we then design a benefits table around.

We can also create different levels of cover. For example, a company may wish to offer just one level of cover - or several.

An Example of a Medical Recovery Insurance Plan

As an example MyRecoveryCheque in the UK offers four levels of Cover as follows: