Laya Laya Family Renewal Options

Discussion in 'Health Insurance and healthcare costs' started by Ollie11, Mar 8, 2017.

  1. Ollie11

    Ollie11 Frequent Poster

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    Hello SnowyB!
    Looking for advice please on best renewal options with Laya. Adult renewal is Assure Vitality 557.28 each and kids ( 3 No.) on Flex 175 Explorer. Pay for the first kid and the rest free! 333.85. No existing health concerns or issues. Would just like kids to have access to private hospital ( bons) in Cork. Thanks in advance. Ollie
     
  2. snowyb

    snowyb Frequent Poster

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    Ollie11,

    Quick question, when is your renewal date?

    Snowyb
     
  3. Ollie11

    Ollie11 Frequent Poster

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    Renewal date is April 1st
     
  4. snowyb

    snowyb Frequent Poster

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    861
    michaelm likes this.
  5. Ollie11

    Ollie11 Frequent Poster

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    Thank you ! Is the free kids offer available on that?
     
  6. snowyb

    snowyb Frequent Poster

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    Yes, its the same offer, pay for the first child and the rest of the children are free.
    Lower excess and cheaper price than their current plan.
     
  7. Ollie11

    Ollie11 Frequent Poster

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    Brilliant! Thanks for your help
     
  8. suzie

    suzie Frequent Poster

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    461
    Hi again snowyb,

    Thought I'd reuse this thread as in a similar position to the OP (all renewals on 1/4/17):
    1. Adult renewal on Simplicity: Looking at your feedback, this would still be the best policy in its class again this year?
    2. Adult renewal on Flex 250 Explore: This individual has back issues/spine and is currently getting an MRI. outcome currently unknown. Seeing that laya will remove cover for the Blackrock Clinic and the Mater Private, may be considering a better policy for cover. Again would it be hard to beat Simplicity for this adult?
    3. Child renewal on Control 600 Secure: While I could use Flex 125 Explore, to get other kids on, this doesnt compare in terms of day to day costs which we have specially targeted todate
    Thanks in advance
    S.
     
  9. snowyb

    snowyb Frequent Poster

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    suzie,

    You're spot on. Simplicity is the best option for person 1 + 2 despite the increase.
    Control 600 Secure is still best value for person 3, specifically regarding day to day costs. Note this will increase to 258 from 1 April 2017.

    Snowyb
     
    suzie likes this.
  10. Protocol

    Protocol Frequent Poster

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    Sorry for piggybacking on this thread.

    Can I make some general points first?

    Snowyb, you are very generous with your time/effort.

    Second, there are too many plans, I know this has been said before, but it should be repeated.

    I ran my current Laya plan through the comparison tool on www.hia.ie, and it listed 17 comparators

    2 VHI, 3 ILH, and a massive 12 comparator plans from Laya.

    This is crazy.

    Plus the Laya names are no help to the consumer:

    "name excess value name"

    Precision 600 total
    Precision 600 Connect
    Flex 500 Explore
    Advantage 375 Explore

    I have no frame of reference to help me compare.

    It's painful, and bear in mind that I enjoy personal finances.
     
  11. Protocol

    Protocol Frequent Poster

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    2,412
    So, I don't like to do this, but instead of giving tips/info/advice, I will now humbly ask for advice.

    Current plan = Laya Advantage 250 Explore, renewal 01.04.2017, 2 adults, 2 children, aged 2+6 on renewal.

    Last year premium = 667 + 667 + 216 + 216 = 1,766 net

    This year renewal = 2,094, increase of 328 or 18.6%.

    The HIA lists our plan at 860.26, child = 274.95, total = 2270.42, but that does not match what Laya are stating in the renewal.

    The HIA lists 17 comparators from 656 to 860.

    What is important to us?

    Not day-to-day GP cover.
    Want to be able to go for day case in a private hosp [not based in Dublin]
    Want a semi-private room in a private hosp

    Thanks so much.
     
  12. snowyb

    snowyb Frequent Poster

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    861
    Protocol,

    The nearest alternative plan to your current plan is 'Precision 300 Connect' price 833pa, price applicable from 1 April 2017.
    http://www.hia.ie/ci/comparison/step3?plan_ids=374|442&source=plans

    The best value for the 2 children is 'Advantage 125 Explore' price 290(special offer, all children covered for 290pa)
    http://www.hia.ie/ci/comparison/step3?plan_ids=374|371&source=plans

    Total family price; 833 + 833 + 290 = 1956pa ( there is also a 3% charge if you pay by installments, +57).

    Lower priced adult plans would have a higher inpatient excess, this is the one off payment payable on admission to any private hospital for surgery
    or treatment. It is NOT a nightly payment, but it is charged for each admission to a private hospital.
    The excess on your current plan is 250, the alternative plan has an excess of 300 per admission to a private hospital.
    There is no excess charged on admission to any public hospital.

    Regards, Snowyb
     
  13. Protocol

    Protocol Frequent Poster

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    2,412
    Again, I wish to thank you.

    Yes, that kids deal worked, thank you so much.

    Just to let you know, the HIA price quoted to me for my Advantage 250 Explore plan is NOT the same as the Laya renewal.

    2016 = 667
    2017 = 791
    2017 HIA = 860.26

    The Laya call centre agent stated this is something to do with a discount that I got when I joined Laya in 2015. I'm not sure what she meant........

    So the adults stayed on Advantage 250 Explore.

    Anyways, my 2017 renewal is now 791+791+262 = 1843.40 versus what Laya were asking 2,094.

    To summarise:

    2016 paid = 1766
    2017 renewal = 2094, up 328
    2017 paid = 1843, up just 77
     
    snowyb likes this.