On the Money: While health insurance can undoubtedly look complex, when it’s boiled down to two simple questions – is my current plan offering me value for money and could I get a comparable level of cover for less? – it becomes a whole lot simpler.
Firstly, the three insurers operating in Ireland – VHI Healthcare, Laya Healthcare and Irish Life Healthcare – all frequently roll out new plans to attract consumers into the market and the newer policies are almost always cheaper than the legacy ones.
Despite such savings less than a third of the 2 million or so people with health insurance have changed plans over the last two years which leaves about 1.5 million people who have stayed put. Neither of these things are true and if you have insurance with Company A and have already sat out your waiting periods with that company then if you switch to Company B then all the existing cover that you had with Company A rolls over to your new provider. If Company B offers enhanced cover you may have to wait for that to kick in but whatever you had, you keep.
This call is always easiest with your existing insurer – so that should be your first call. Your existing provider will have a complete record of all previous claims so tell them everything that’s important to you and detail all your underlying conditions and the procedures you’ve had done, and get them to confirm that any new and cheaper plan covers everything you have had covered in the past.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New-build home starts up 25% on same month last year, says Department of HousingThe data, published on Thursday, show that commencement notices for 2,574 new homes were received by building control authorities in June 2023, compared to 2,060 units in June 2022.
Read more »
Work on new house builds up 25 per cent in a monthWork started on 2,574 new homes in June, new figures published by the Department of Housing confirm
Read more »
Three money changes that might affect parents in Budget 2024There has been multiple changes discussed in relation to Budget 2024, with groups calling on the government to protect vulnerable people, such as families and children across Ireland
Read more »
Avant Money’s mortgage growth slows amid slump in switchingSpanish-owned lender’s mortgage book grew by 92% year-on-year in the second quarter
Read more »
Watches worth €62,000 seized from Kinahan bagman as he admits money launderingThe seven luxury men’s and women’s 18ct gold watches by makers including Raymond Well, Audemars Piguet and Rolex have a combined value of €62,000.
Read more »
Judge rejects Donald Trump’s bid to move hush money criminal case to federal courtA federal judge has rejected Donald Trump’s bid to move his hush money criminal case from New York state court to federal court
Read more »