We’re at that time of year again when many Health Insurance customers are poring over their Health Insurance renewal documents. Many will simply renew without really thinking about it to any great extent – often an expensive mistake.

There are a few specific factors to consider this year. First of all, the prices of many health insurance plans are increasing. It’s more important than ever to ensure that you have the right plan to suit your family circumstances and that it is the best value plan available in the market for that level of benefits. On top of this Covid-19 has changed the landscape too in terms of how people are availing of health services – it’s important that you are paying for benefits that you potentially will avail of, and not paying for a plan that offers benefits that really will never be used by you.

Health insurance remains a really important product for families. According to the Health Insurance Authority, there were 2,289,000 people insured with inpatient health insurance plans at the end of June 2020. This represents an increase in the number of insured people of 41,000 over the past 12 months and well up from a low of just over 2 million people in December 2014. The market peaked at almost 2.3 million people at the end of 2008, so the market is approaching that peak again. Based on Central Statistics Office (CSO) population estimates, the percentage of the population with inpatient health insurance plans stands at 46.0% at end June 2020.

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.

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.