Saturday 24 September 2016

'We saved €1,200 over a year... enough to pay for a holiday'

Philomena and Stephen Lyons

Published 28/04/2016 | 02:30

Easy to switch: Philomena and Stephen Lyons with grandson Reese McEndoo (3) at their Terenure home. Photo: Colin O'Riordan
Easy to switch: Philomena and Stephen Lyons with grandson Reese McEndoo (3) at their Terenure home. Photo: Colin O'Riordan

DUBLIN couple Philomena and Stephen Lyons had been with the same health insurer for 40 years. But the scheme they were in became far too expensive.

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When the cost rose to €4,000 a year to cover themselves with student cover for their daughter Meggan, they decided to switch provider.

But they were understandably nervous at the thought of switching from the insurance provider they had been with since 1975.

Mr Lyons worked in the old Department of Posts and Telegraphs, which became Eircom.

"Stephen went straight into the job after school and at that time you had to have private health insurance," Ms Lyons explains.

"We were with Vhi since 1975, but they kept pushing the price of our cover up and up."

So she started shopping around for comparable schemes with other health insurance providers and made the decision to switch to Laya Healthcare's Flex 175 Explore plan in January of this year.

The Lyons' main concern was to ensure that they had a good level of health cover, and they were surprised how easy it was to make the switch.

"We ended up with a better policy for €100 less a month - that's a lot of money - and we put my daughter, who is 25, on the same plan as us."

Policy

"We were paying €367 a month and that's down to €267 now.

"My daughter was on a Vhi scheme that wasn't great, so we are delighted that she is on the same policy as us now.

"There was no waiting period either, it was all pretty straightforward. All round it is a better deal."

Ms Lyons works in a retail bank, but she is about to lose her job and is still in her mid-50s.

Her husband now works as a chauffeur.

"I reckon we saved €1,200 over a year. That is a lot of money. I could go on holiday with that," Ms Lyons says.

- CHARLIE WESTON

Irish Independent

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