Today I came home to a renewal notice from my health insurer. Thankfully we are a healthy young family - 2 adults and 3 kids under age 7. The premium for next year runs to more than €3300..
So leads me to think, is it really worth it? For starters I should admit, I worked in Insurance (and yes, the company does health cover), and know for a fact that the kids present a low risk and therefore a relatively low premium. However, insurers profit-ratio on kids policy are their most lucrative by far. Also, if your child really does get ill they will receive priority care in public service, and as we know - there are no kids private hospitals in Ireland..
Anyway, with budget 2012 just around the corner, and with other policies and car tax renewals due for me in January, I think my risk appetite has increased and I will put my limited cash to other use.
So, I'm going to take the advice of my Minister for Tourism, Mr Leo Veruka, and put my limited funds in 2012 toward a nice family break. Lets face it €3300 would go a long way..
By the way, found this article on the topic.
[broken link removed]
Its a few months old but gives good context and has helped me in my decision..
Thoughts from illuminated minds?
So leads me to think, is it really worth it? For starters I should admit, I worked in Insurance (and yes, the company does health cover), and know for a fact that the kids present a low risk and therefore a relatively low premium. However, insurers profit-ratio on kids policy are their most lucrative by far. Also, if your child really does get ill they will receive priority care in public service, and as we know - there are no kids private hospitals in Ireland..
Anyway, with budget 2012 just around the corner, and with other policies and car tax renewals due for me in January, I think my risk appetite has increased and I will put my limited cash to other use.
So, I'm going to take the advice of my Minister for Tourism, Mr Leo Veruka, and put my limited funds in 2012 toward a nice family break. Lets face it €3300 would go a long way..
By the way, found this article on the topic.
[broken link removed]
Its a few months old but gives good context and has helped me in my decision..
Thoughts from illuminated minds?