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.