Advice on renewing your health insurance policy
Summary
Health insurance customers are urged to review their policies as premiums rise and benefits shrink, with around 40 plans identified as poor value for money. Dermot Good of Health Insurance Ireland explains that many long-term customers are overspending and facing silent benefit reductions, particularly in orthopedic cover. He advises consumers to call their insurers directly rather than relying on confusing online portals to compare year-on-year costs and find better-value alternatives.
Topics discussed
Introduction: 40 health insurance plans flagged as poor value
Peak renewal period and rising premiums for 1.25 million people
Analysis of long-standing plans like Laya Essential Plus
Why insurance companies make plans complicated to retain customers
The proliferation of over 320 plans and lack of competition
Advice to call insurers to negotiate lower budgets
Frustrations with online renewal transparency and apps
Locating previous year costs in documentation
Hidden benefit reductions, such as orthopedic cover cuts
Signs you are overspending and how to save via one phone call
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