I got an email from Laya to say that they are refunding me €198 in respect of my health Insurance policy. My policy cost about €1000 and started last November.
Does anyone know how they have arrived at this figure of €198 as there is no explanation (that I can see) anywhere in their email to me.
If you are paying €1000 or €2000 or €3000 premium, you get €198? How is this amount calculated?
If private hospitals are closed, then you should get a full refund of that portion of your outstanding policy. I don't see why Laya should profit from this?
Private hospitals aren't the only thing covered by your policy. I've no idea how to calculate it, but personally I don't expect a 100% refund. There'll be a backlog of cases to work through when restrictions are lifted - say for example (and this is randomly picked) you wanted a hip replacement. It'll cost the insurance company the same whether you had it last year, or later this year. The fact private hospitals are closed for 3 months doesn't reduce the cost to them, just delays it.
Just my thoughts.
I recently got an email from Vhi stating "Vhi will waive a percentage of your premium for a three month period, effective from the 15th of May onwards. This will range from 45% to 60% depending on your plan(s). Your direct debit will automatically reflect this change and we’ll send you a new interim payment schedule, so you don’t need to do anything.!