Christmas Mayhem Could Cost 14,000 Tipp Families

An estimated 14,000 households in Tipperary who hold health insurance policies are believed to have their policies fall due for renewal this month, but according to the leading health insurance experts at, many people switch off from their finances during the holiday period and fail to react to the renewal notice coming through their door.

According to Dermot Goode of, “Having spent the previous month trying to control their pre-Christmas spending, people inadvertently accept year-on-year increases of up to 20% on their health insurances costs. This situation is exacerbated by the new 12 month contracts in place with all insurers (GloHealth, Aviva Health, Laya Healthcare & VHI Healthcare) which means that these customers only have a relatively short window after the Christmas period to look at the various special offers available; however, our experience shows that the rate of shopping around halves at this time of the year. Nationwide an estimated 400,000 people hold private health insurance policies which equates to approx. 14,000 people in Tipperary. We are hoping that these families will engage with their broker or insurance provider before their policy lapses and they are tied into a needlessly expensive policy for 12 months”.

Dermot continued, “We recently undertook a study of a selection of the more popular family plans falling due for renewal and found that on average, premiums had increased by 18% during 2012. We then considered the level of savings that could be achieved by switching to a comparable plan based on the deals currently available in the market and found that members could typically save an average of 29%! Our analysis reveals that savings ranged from 16% to 46% depending on the plan needed and the provider. In monetary terms, these savings ranged from between €557 and €1,947, averaging €1,140, based on a family of two adults and two children”.

Dermot concluded, “We are not suggesting that people spend Christmas day trawling through the 200 plus health insurance plans on the market, but a little bit of research before the 14th January could save many families up to and above €1,000 on the cost of their cover which couldn’t come at a better time for most of us”.