Self employed people are amongst the hardest hit when it comes to the financial impact of being in hospital.
That’s the conclusion in a new report examining the true costs of illness conducted by leading cash plan provider Medicash.
The survey questioned 400 Britons who had all recently been in hospital or were undergoing regular outpatient treatment.
The findings show that, on average, a self employed person loses over £3000 in income when they are unable to work as a result of illness. A third of this group reported loss of earnings of more than £5000. There are over 3 million self employed in the UK, yet worryingly only 28% of self employed people have any kind of insurance in place to cover illness.
And the extra costs involved with being in hospital has led to 50% of self employed people feeling stressed, with half fearing this would hinder their...