Health Insurance Market Update Dermot Goode Jan 2017

General Peak Renewal Period Price Hikes LCR Review CBI

Peak Renewal Period Update Consumers are shopping around Price hikes Affordability issue Challenges in the public system Special offers

LCR Loadings Review Consultation process underway Travelling abroad after 1st May 9 month exemption period No credit for international cover Contradiction – LCR & Health Acts Employers most affected

Central Bank of Ireland More active in PMI market Themed inspections of insurers - auto renewals - not advising across all plans - website content Consumer sentiment re health insurance What next……

Product Review Vhi Healthcare Laya Healthcare Irish Life Health Discounts

PMI 4316 Semi-private in private hospitals High-tech cardiac cover included €150 overnight excess / €50 day case Full day-to-day cover €1,137 per adult; €336 per child

PMI 44 16 Private in private hospitals High-tech cardiac & special procs included €150 excess per claim No day-to-day cover €1,050 per adult; €280 per child

Essential Health 300 Semi-private in private hospitals High-tech cardiac cover included €300 overnight excess – max two per year €125 day-case excess No co-payments €874 per adult; €230 per child

Irish Life Health €992 €945 €1,181 €1,125 €632 €602 €1,484 €1,413 Nurture Plan Nurture Plus Net One Better Adv Better Better Active Best Smart Best Ult Active €992 €1,181 €632 €1,484 €1,653 €1,338 €1,434 €1,740 €945 €1,125 €602 €1,413 €1,575 €1,274 €1,366 €1,657

Discounts Vhi Healthcare - One Plans & Nurses / Teachers Select - Best deal is on One Plan Complete Laya Healthcare – Essential Connect Family - Free cover for 2nd and subsequent child < 18 Irish Life Health - Discounts on Select Plus & Family Focus - Free travel insurance during Jan & Feb 2017

Your Advice? Entry level plan New company scheme C. €900 per adult HP 09 member Private Room

Best Level 2 Corporate Plans VHI PMI 4316 €1,137 Laya Simply Connect Plus €1,210 IL Health: Be Fit 1 €1,212 GloHealth: Better Plan Smart Cash €1,222

Customer Profiling Age Plan Type Jurisdiction Existing Provider Medical History Opening Comments…

List the common pitfalls? Excesses Co-payments Travel Psychiatric Upgrade rule LCR Linked benefits Homecare

Thank You & Questions PHI Consulting (Ireland) Ltd trading as Total Health Cover is regulated by the Central Bank of Ireland