Health Insurance – review before you renew!

VHI customers only to use Swiftcare clinics from 1 September

We’re at that time of year again when nearly 50% of Health Insurance customers are getting ready for their upcoming policy renewal in January. Many will simply renew without really thinking about it to any great extent – the Health Insurance providers are delighted when this happens!

However more and more people are aware of the potential to find a better deal and are shopping around. Some ring around all of the providers and get quotes themselves. However in this instance, they are only really getting visibility of a relatively small number of the policies available. Other customers are ringing their health insurance adviser, such as Lyons Financial Services. And they get the biggest savings of all, as we know all of the policies on offer in the market. This includes the lesser-advertised policies that may have better benefits or lower premiums.

And cost is a significant issue. A recent study by the Society of Actuaries in Ireland noted that the cost of health insurance increased by almost a third between 2010 and 2015. And yet, according to another study by the Health Insurance Authority, less than one quarter of policyholders have switched policy since they took out their health insurance cover! Even though there are potential savings of up to one third on some policies. Families can save literally thousands of euros each year by simply shopping around (or better still, getting us to do it for you)!

We know that some people are a bit overwhelmed by the huge choice of different policies with all sorts of features and benefits. As a result, some people reckon it’s easier then to just stay where they are. We don’t see it this way. We know the savings that are there to be gained, and having established ourselves as one of the leading Health Insurance advisors in the Irish market, we know that we will be able to find the right plan for you and your family.

We pride ourselves on understanding your requirements, making clear recommendations, and helping you to get the best plan for you in place without any fuss. It is our job to understand the ins and outs of all of the different plans. This enables us to make sure you can get the right cover in place.

We also do this work for companies and other organisations who operate health insurance schemes on behalf of their employees or members. We operate highly efficient salary deduction schemes, which make it easier for employers and employees alike to manage the payment of their health insurance contributions and to claim their tax relief on these payments. Our aim is to provide you with expert advice, find the right plan for you and then quickly get your plan up and running.

So whether you are new to the Health Insurance market, are looking to renew your existing plan or indeed want to make sure you have the very best plan for your own circumstances, give us a call at Lyons  on 01 8015808 and we’ll make sure you’re on the right track.


6th December, 2016

Posted In: Advice, Health, Insights