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Welcome to Lyons Insights
Welcome to this latest edition of Lyons Insights.
First of all, we go back a bit in time and reflect on the introduction in 2015 of Lifetime Community rating to the Irish health insurance market. This was a significant change that still merits close consideration by anyone without health insurance today. This is followed by a piece that looks at some of the specific financial challenges faced by couples who are cohabiting as opposed to being married. Finally we've included a reflective piece about the importance of taking stock and being clear about exactly what you want from life.
We hope there is something of interest to you.
Roisin & the team at Lyons Financial Services
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How Lifetime Community rating might impact you
One of the biggest changes to be implemented ever in the Health Insurance market happened back in 2015, but still needs to be carefully considered today. On that date, we saw the introduction of Lifetime Community Rating (LCR), which was a mechanism brought in to encourage younger people to take out health insurance, to help control premium inflation.
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Cohabiting is not always a walk in the park
We decided to write about this topic after listening to a very sad radio interview a while ago. It was with a father of three children, who had recently been bereaved after the death of his life partner of 20 years, the mother of his children. She passed away as the result of a medical condition.
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How's Life?
No, no, no – really how’s life? We’re not saying this just as a polite greeting, but instead are asking this as many people have become a bit more reflective after the forced change in lifestyle during the Covid pandemic, as we’ve all seen how our lives can be totally upended by something completely from left field.
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