Ryan,
Unfortunately, VHI is the only company that don't allow you to change policy during the year. If it was Irish Life or Laya, you could change
plans at any time. So, you are locked into a year contract, unless the company you work for have any special terms and conditions that
allow otherwise. It may be worth your while checking this out with your HR dept, to see if any flexibility arrangement is included.
In saying that, even if you could change plans, the 2 year upgrade rule would apply for pre-existing conditions.
This 2 year wait would apply to any lower excesses or no excess on a new plan, only for pre-existing illnesses.
There would be no waiting for increased day to day expenses if you are under 50 years of age.
You're right, the cover on PMI 08 11 is not great for the cost of this plan.
Snowyb