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Thursday 18 September 2014

Putting children on a different plan can save money for families

Published 30/01/2014 | 02:30

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Anyone who has not reviewed their cover in more than three years needs to act now to get better value, according to Dermot Goode of Healthinsurancesavings.ie.

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He also advised putting the children on different plans to the adults to save money.

Here is a selection of good value plans for two adults and two children, aged between two and eight.

Laya Healthcare: Essential Connect Family costs €800 per adult, and €150 per child.

The total family cost is €1,900, but there is an additional 3pc charge if you pay by direct debit. This is a good mid-level plan, but it has limited cover in hi-tech hospitals.

There is a €300 excess on private hospital admissions for the first claim only.

Aviva Health: Mr Goode recommends the Health Value Plan, which is €850 per adult and is a good mid-level plan. There is a €125 excess for the first five nights of any private hospital admission.

He advises putting the eight-year-old child on Family Focus at a cost of €150. This includes payments for three GP visits at €30 each. Level 2 Family Health is recommended for the two-year-old at a cost of €233.

The total cost for the family will be €2,083.

GloHealth: The Better Plan is recommended by Mr Goode for adults at €908 each, and €238 for the eight-year-old. The two-year-old gets free cover from Glo.

This is a decent mid-level plan. There is a €50 excess for day-case procedures, and a €100 excess for overnight admission to private hospitals. The total cost to the family will be €2,053.

Vhi Healthcare: The corporate plan called Company Plan is recommended. This will cost the adults €943 each and is a reasonable mid-level plan.

There is a €75 excess for all admissions to private hospitals. For the children, the best option is Parent & Kids at a cost of €131 each. The total cost to the family will be €2,148.

Irish Independent

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