Friday, January 20, 2012

Smart Consumer: Is it time to give up on your health insurance?

Also, what is the influx of additional users to an already overburdened public health system?

A private health insurance market's current state of health?

Critical.





Quinn Healthcare costs by an average of 12pc to 20pc over by January 1, with some plans have gone.

VHI 2PC growth began last November announced a 45pc increase on top of a year ago. Further increases are expected next month.



2 Why are rising prices?

Insurance companies and private hospitals and consultants in the cost of private beds in public hospitals rises in the cost of the blame. They also increase the value of medical inflation and health insurance levy cite as the cause.



3 How many people are pulling out?

An estimated 6,000 people a month are leaving the health insurance policies.

Since the beginning of the recession ended its cover 2.17 million to 123,000 people still left in the market.

4 This trend is expected to continue?

In a word, yes. Also face increased government levies will be passed on to policy holders and premiums could increase by up to 40pc.

This would mean that a family of two adults and two children may have to pay an additional € 220 annually.

Insurance companies also warn that the charges for private beds in public hospitals, if fully implemented, 50pc will result in lower growth.



Irish Patients' Association (IPA) has estimated that an average family of four costs € +7,000 and between € 8.000 a year may be six or seven years, it is an unaffordable option for many can is.

In a recent online survey on Irishhealth.com 33pc of respondents indicated that they can not renew their insurance policies.

However, Health Minister James Reilly said that his policy will continue to drive down insurance costs.

What are the implications of the decline in private health insurance to 5?

Public health system already under-resourced and oversubscribed, it will struggle to cope with the influx of patients increased.

The longer waiting lists for patients and will result in poor outcomes.

IPA's Stephen McMahon warned that pulling out of private health insurance has huge implications for the public system.

he said.

6, it is worth keeping health insurance?

Insurance is beneficial when it remains in public hospitals and private hospitals, private and semi-private rooms in any comes to access.

Getting a private hospital is generally meant to avoid queues and waiting lists. It also gives you access to more hospitals and treatment.

A patient needs medical treatment without health insurance in public system or private health care is facing with the choice of own funds.

And, contrary to popular belief, unless you have a medical card, or have been relaxed for certain medical conditions, public health is not free of cost.

In a public hospital bed costs 75 € per day, a 12-month period to a maximum of 750 €.

In a public hospital to a private bed € 260 € 1017 per night for the costs may vary. From a semi-private bed costs € 222 € 889 per night range from the day care costs can range up to € 193 732 € can.

€ 150 € 300 to the cost of a consultant to look at can vary, although those with health insurance can be hit with the consultant fee.

The cost of surgery can also be used.

Operation for appendicitis or tonsillitis could cost around € 5,000. A hip replacement costs more than 16,000 €, while the € 30,000 cost of a pacemaker and a heart bypass is 40,000 €.



7 What are the implications of pulling out?



But if you have a serious, you are diagnosed with life-threatening condition will be treated with priority.

Direct payment for the treatment of serious debt can put a patient or family.

8 What are the options?

Shop around.

Or waiting period law is reserved for you without having to switch health insurance providers have the right. You also have the option to reduce the level of cover.

Private Health Insurance expert Dermot Good, healthinsurancesavings.ie the founder, points out a basic health insurance plan for as little as € 495 can afford.

"Put a few bob on a rainy day instead of taking out insurance to cover this idea, is not it. The first works, you do not do it and secondly, a small entry with minor savings will be wiped out, "he said.

He points out that there are over 200 schemes across the three insurance companies, some of which are offering great value.

Good insurance companies to contact and tell them you can not afford their current plan recommends against.

"You better call them and saying: 'I have two adults, two children and to spend 1.800 € Can you give me?'

"He plans to go and fit your budget a perversion has come up with.

"I have presentations all the time and I on the wrong things and understand what they are not on the way to 60 70pc of people," he said.

Health Insurance Authority website hia.ie cost and coverage comparison between different schemes shows.

Individuals also have the option of switching to often discounted corporate plans.


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