Health Insurance I'm Thinking of Not Renewing

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faolteam

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Hi Folks im one of those people who took out Health Insurance and Have only Got 2 Years of Health Insurance up to May of 2025,

I did Ring Dermot Goode and they were reasonably Helpful, i went with Signify at the time ,

Been 62 when my Renewal is due but i just cant afford this 20% rise from €149 to €180 a month,, i understand im been loaded , but really cant Afford to Ring Total Health care again, i have tried the Calculators here but im not great at these products , is there a Similar Signify Plan that might be cheaper considering My Predicament ,

Thanks Folks
 
You could look at Signify Care which is cheaper than Signify. It's virtually the same policy, just with a shortfall for private bed cover in a pubic hospital ( you'd be pushed to get that anyway), and a higher overnight excess in private hospitals. Laya does the comparisons for you.
 
Thats what I thought when looking at this post, but looking again the OP appears to have taken out their 1st policy at age 60 and is penalised under

Lifetime community rating (LCR)

Lifetime community rating is a system whereby the premium that individuals pay for health insurance rises with the age they enter the private health insurance market, but does not vary in relation to their current age.
www.hia.ie www.hia.ie
 
faolteam said:
Been 62 when my Renewal is due but i just cant afford this 20% rise from €149 to €180 a month,, i understand im been loaded , but really cant Afford to Ring Total Health care again, i have tried the Calculators here but im not great at these products , is there a Similar Signify Plan that might be cheaper considering My Predicament ,
Click to expand...
Try to identify what cover you need as a priority and then find a plan that delivers that cover within your budget? It's difficult but not impossible. The Dermot Goode clips here are useful for identifying good value plans in the three general categories of "basic", "mid-range" and "gold plated".

Health Insurance - Podcasts worth a listen for renewals from October, 2023 and December, 2024 by Dermot Goode, totalhealthcover.ie

Renewing your health insurance for the year 2025 - Dermot Goode speaking with Claire Byrne, Monday, 6/1/'25 Advice when renewing your health insurance - Dermot Goode speaking to Anton Savage, Pat Kenny Show, Friday, 13/12/'24 Health insurance renewals - is there any value out there - Dermot...
www.askaboutmoney.com
 
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Sorry folks i left the most important part out yes i took it out when i was 59 so i have a 24 year 48% loading and now have 8 years to go with tis out of 10 , as far as i know,
 
We were on Signify last year and have switched to Signify Care this year as it came in near enough the same price as what we were paying last year for the Signify.
 
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