prestige1964
Registered User
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I have plan B options for family of 4, Quinn is coming in much cheaper for similar product, am I missing something, any advantage staying with VHI I have been with them for 20 years
I have plan B options for family of 4, Quinn is coming in much cheaper for similar product, am I missing something, any advantage staying with VHI I have been with them for 20 years
I have plan B options for family of 4, Quinn is coming in much cheaper for similar product, am I missing something, any advantage staying with VHI I have been with them for 20 years
VHI is a semi state body - lots of waste and possibly pays alot more to the medical profession than the others ever would.
Also look at the excess on the Quinn policies, it's usually significantly higher than VHI.
Quinn have recently dropped cover for St Pats, you could speculate that they are trying to discourage people with long term illnesses joining them. Without risk equalisation it is in companies interests to push costly patients to other companies, Not sure if there are any similar care facilities to Pats i think that I read it was the only provider of treatment for some conditions.
if you ring VHI and tell them what Quinn plan you were thinking of changing to they can tell you the differences between them.
firstlyhaving a younger customer base = less claims for ailments more associated with older people
Can you give examples of " lots of waste" ?
think it was in the paper about 12 months ago saying it was one of the most cost effective insurance comps
Operating cost ratio was just below 8% of premium income which it is claimed "makes Vhi Healthcare the most efficient operator in the Irish health insurance market and compares favourably with general insurers and international private health insurers."
taken from :
http://www.finfacts.ie/irishfinancenews/article_1013936.shtml
"possibly pays alot more to the medical profession than others " !
how do you know this ? from talking to one medical professional, they actually sit down and negotiate the contracts for procedures, with both Dr's and hospitals.try to keep costs down, where as other's copy their rates and procedures !
Personally wouldn't rely on the advice one health insurer gives about another.
firstly
I don't know this, thats why it says 'possibly'. I think saying that Quinn is copying VHI is a stretch, at least, from what I see its the other way around. VHI finally has to move its ass to hold customers by introducting new plans, very similar to Quinns already released plans.