Hi Paid,
The VHI probably have another list of price changes coming in for December and January so its still a little early to make final decisions.
Anyway, there are a couple of options to keep in mind until then, and in the meantime keep a check on price increases and any new plans
that are released.
Regarding the renewal date difference, you could set up a direct debit for your wife and children from Feb 2016 and pay your own through your
salary as before.
WIFE;
Alternative options for your wife with VHI; her current 'Teachers Plan' will increase to 1511 from 1st November 2015.
1. Plan PMI 42 15; price 1560pa; same hospital cover as before, much better day to day outpatient cover, gp, dental, etc 40 refund per visit.
2. Company Plan Extra Level 3; price 1565pa; same hospital cover as before, much better day to day cover, consultant 100, gp etc 40 per visit.
[broken link removed]
Link for Plan PMI 42 15 which is a new plan from 1 November 2015.
http://www.hia.ie/news/vhi-launch-3-new-plans-pmi-40-15-pmi-41-15-and-pmi-42-15-01112015
The above 2 alternative options are worth considering. Hospital cover is the same as Teachers Plan but these 2 plans have very good day to day cover which is not available on Teachers Plan. There is very little price difference and this day to day cover is available straight away from renewal date as she is under 50 years.
HUSBAND; yourself
Alternative option for yourself with VHI; your current 'One Plan Complete' will increase to 1529pa from 1st November 2015.
1. Plan PMI 41 15; price 1152pa; similar hospital cover as before( private hospital excess 75 per admission, day case excess 50) good day to day cover, consultant 60 refund, gp, dental, physio etc 25 refund per visit.
http://www.hia.ie/news/vhi-launch-3-new-plans-pmi-40-15-pmi-41-15-and-pmi-42-15-01112015
This is a new corporate plan releasing on 1st November 2015 which offers good hospital cover as before, the only difference being the hospital excess 75 per admission to a private or hi-tech hospital, day case excess for private or hi-tech hospitals 50 euro. You are probably over insured
on One Plan Complete hospital-wise, and under insured outpatient-wise. The above plan covers all angles at a more reasonable price.
18 Year Old and new baby
Options to keep in mind for 18 yr old with VHI are;
1. Plan PMI 11 11; price 225pa; good hospital cover, good day to day cover.
Regarding the children, it would be wise to see whats on offer for them nearer to renewal date as there are usually special offers available in some shape or form. The baby would just require hospital cover as he will already be covered for gp visits.
Hope this gives you a few ideas to work with. The Health Insurance Authority usually updates price increases 1 month before in the 'Latest News'
section. So by early December, you should know what your options are overall. By early January, you should know prices for the rest of the family.
NOTE; if a good offer arises for the 18 yr old to suit your renewal date, 1 Jan 2015, you can always add her onto your policy for that date.
Something to keep in mind as her date will be flexible.
You can post again nearer the time if you've any more questions.
Regards, Snowyb