alwaysonit
Registered User
- Messages
- 137
If you decide to go private for surgery as a self payer the numbers are eye-watering. That €15k would not get you far.
But would "Paddy" be prepared to pay the higher PRSI/USC needed to fund it?Life is a game of chance and everyone has a different appetite for risk. Everyone will also have different levels of savings, tolerance for pain/discomfort, etc. The value of health insurance depends on whether you are looking at statistics and median outcomes or if you take all the other elements into account.
The truth is that if we had a fully funded and properly managed public health service we would not need private health insurance at all.
The cheapest plan shown on hia.ia comarison is €483 per annum.
Assuming, when 65, I will want a plan costing €2k per annum, if I don't have any previous years insurance I will be charged 60% loading - €3,200 per annum.
Do the majority think that paying 15k over the next 30 years is worth saving this loading premium (if we expect it to still be an issue in 30 years time)?
This is the key, I think it would be an unlikely event that someone would choose not to have the most basic premium and then want a very expensive one at 65. From at least 40, all those niggles start to become more noticeable so choosing the right level of cover for your situation is more important than trying to avoid the 2% premium loading.This is in fact how most insurance works. It's for catastrophic events, not manageable ones.
Worth noting that there is a 5 year waiting period for any pre existing issues if you're starting insurance for the first time. Unless you know exactly the age you may get injured or ill, it seems a risky tactic. 5 years with the loading tacked on would eat into previous savings made.The recommendation in the top pinned key post here is that health insurance is very bad value, but basic insurance should be taken out now to avoid paying more later.
We are charged 2% more for each year over 35 we did not have insurance.
The cheapest plan shown on hia.ia comarison is €483 per annum.
Assuming, when 65, I will want a plan costing €2k per annum, if I don't have any previous years insurance I will be charged 60% loading - €3,200 per annum.
Do the majority think that paying 15k over the next 30 years is worth saving this loading premium (if we expect it to still be an issue in 30 years time)?
I have heard it argued by many that Paddy already does pay for a properly funded health service. A properly managed health service is a completely different thing that Paddy has little or no control over.But would "Paddy" be prepared to pay the higher PRSI/USC needed to fund it?
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