TIPS

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE -

Don’t be afraid to move to an­other plan if you’ll save money by do­ing so — par­tic­u­larly if you’ve been in­sured on the same plan for a num­ber of years. Be sure how­ever that you’re not giv­ing up any im­por­tant ben­e­fits when you switch.

“Too many fam­i­lies are on dated plans and are over-pay­ing for their cover,” said Goode. “For ex­am­ple, plans such as Laya’s Health Smart Fam­ily and Ir­ish Life’s Level 2 Fam­ily Health are all ex­cel­lent fam­ily plans — but as they’ve been on the mar­ket for some time, they have be­come quite ex­pen­sive.”

Don’t be put off by the name of a plan — rather look un­der the hood and check ex­actly what cover and ben­e­fits are in­cluded. “Fam­i­lies of­ten mis­tak­enly be­lieve they need to be in­sured on plans that ap­pear to be for ‘fam­i­lies’ only,” said Goode. Re­mem­ber too that cor­po­rate plans can of­fer very good value and you don’t have to be an em­ployee to take one out.

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