SAVE €3,518 ON LAYA
A family of four (two adults and two young children) would save €3,518 by switching from Laya’s Health Smart Family plan to Connect Care 100 — a similar plan offered by the same insurer. “Connect Care 100 is an equivalent plan to Health Smart Family — but it is much cheaper and has a lower excess on private hospital care,” said Goode. Health Smart Family costs €2,689.58 per adult and €789.10 per child, while Connect Care 100 costs €1,298.96 per adult and €420.85 per child. So it would cost €6,957 to have the whole family on Health Smart Family — but €3,440 to insure the family under Connect Care 100.
The excess (the first part of a claim you must pay yourself ) for a semi-private room in a private hospital is €100 per claim with Connect Care 100 — but €125 per claim with the more expensive Health Smart Family. However, for day-case procedures in the Mater Private and Blackrock Clinic, the excess is €175 per claim with Connect Care 100 — and €125 per claim with Health Smart Family.
Even bigger savings could be made by this family if they split their cover — that is, where adults and children are insured on separate plans but still on the one policy. In this case, Goode recommends Laya’s Essential Connect Health as a hospital plan (where the main cover provided is for hospital care) for the children. Essential Connect Health costs €189 per child. (However, the cover for outpatient expenses, such as GP visits, isn’t as good under Essential Connect Health as it is under Connect Care 100 or Health Smart Family.)
Having two adults on Connect Care 100 and two children on Essential Connect Health would bring the family’s private health insurance bill to €2,976 — almost €4,000 less expensive than insuring the entire family on the Health Smart Family.