How to find the most cost effective health insurance

How to find the most cost effective health insurance

As you know, VHI has decided to put up its prices.

Health insurer VHI has announced a price increase from 1 February, which will see premiums rise by between 15% and 45% … 60% of the VHI’s 1.35m customers will see prices increase by 15% – meaning the average annual family premium will rise by around €331.

This could be a very challenging financial hurdle for many people along side the recent tax increases. But there has been a lot of hype in the media and it is probably unnecessary. There are actually a couple of things you can do…

  • Firstly, the increase will not hit you until your next renewal date, so you may have some time.
  • If you contact VHI, you may be pleasantly surprised to find that you can save money without doing too much. After talking to one of the VHI staff,  I switched to their corporate rate from Plan B without losing too many benefits and I managed to save €20 a month 🙂 So ask about the corporate rate, it may be worth your while.
  • If you wish to move health insurers, the Health Insurance Authority is the statutory regulator of the private health insurance market in Ireland. You can switch your health insurance without penalty. The HIA even provide an online tool to compare health insurance plans. You could save loads of money and keep the same benefits

So the main thing is – don’t panic and do some research. I saved money just after one phone call and still have my health insurance cover. Just take some action this week and see what you can save.


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