What is it?
Health insurance is a type of insurance coverage that covers the cost of an insured individual’s medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or the insurer makes payments directly to the provider.
Why you may need it?
Ireland has both a national public health system and a voluntary private health insurance system. In the case of the public health system, services are largely funded by general taxation and are delivered by a single organisational entity, the Health Service Executive (HSE). By contrast, private health insurance is provided by several, competing private companies and is financed by individual insurance premiums.
While the national public health system provides universal coverage for hospital care, almost 45% of the population nonetheless purchases private health insurance, predominately for the purpose of ensuring faster access to hospital care. Access times can be unacceptably long and comparable waiting times for private treatment, while not measured nationally, are accepted as being considerably shorter. So in other words people buy Health Insurance to beat the queues in hospitals for non life threatening ailments.
How Rockcourt can help?
As there are over 300 health insurance plans in Ireland through 4 different insurers, purchasing health insurance can be very confusing. At Rockcourt our experienced Financial Consultants will
- Assess the needs of each of your family members to determine what type of cover suits best
- Ensure that you will get the most amount of cover for the lowest cost and within your budget
- Review your cover every year at renewal to ensure you are still getting the best benefits available and that your health insurance is keeping up with any changes in the ever-changing market.