The Irish Mail on Sunday - - PERSONAL FINANCE -

Younger folk fork out for in­sur­ance they gen­er­ally don’t need, but post-50 is when its true value re­ally kicks in. So sign up for a good plan – you may need it in the fu­ture. Here are three of the best mid-range plans:

They all give cover for public and pri­vate hos­pi­tals and rou­tine med­i­cal ex­penses.

For ex­am­ple, Laya’s Sim­ply Con­nect Plus al­lows you to claim €1,000 back for 50% of op­ti­cal, den­tal, physio, hear­ing tests, re­flex­ol­ogy, home­opa­thy and many other gen­eral med­i­cal costs. Over-50s should also con­sider a cash plan such as the Hos­pi­tal Satur­day Fund which pays out a set sum if you need med­i­cal treat­ment, and again is not age-rated.

The clas­sic switcheroo trick for over-50s who want to save money is to get off one of the old plans that have be­come poor value and get onto a snazzy new one with all the ‘bells and whis­tles’.

The VHI’s HealthPlus Ex­tra (the old Plan B Op­tions) of­fers sim­i­lar ben­e­fits to Com­pany Plan Plus Level 1.3 but costs twice as much.

The ben­e­fits are not ex­actly the same and some dif­fer­ences may not suit you, so check with your in­surer and/or ad­viser first. You can also com­pare plans on

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