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Health
Insurance
Permanent Health Insurance (PHI)
Permanent health insurance pays
you a replacement income to support you and your family if
you are unable to work due to illness, injury, accident, or
disability.
You can decide how much of your
income you want to protect per week etc. depending on your
salary. The maximum salary protection allowed by Revenue is
75% of your salary less the Social Welfare Disability benefit.
Before your PHI benefit income
starts you must be unable to work due to disability for a
certain length of time, known as the deferred period. You
can choose a deferred period of 13,26, or 52 weeks. You should
consider choosing a deferred period that allows your PHI benefit
to commence when other sources of income cease.
Tax relief is available on PHI
premiums - up to 10% of income each year. PHI benefit is taxable.
Ellison Financial Consultants
can arrange PHI insurance.
For quotations on any of the
above you can contact
us with your details and requirements.
Health Insurance
Ellison Financial
Consultants can also arrange private health & Hospital
insurance cover with Hibernian Health.
1) The Legislation rules of the
Irish Health Insurance market are called "open enrolment".
These include all the following rules:-
2) You can transfer at any time
to alternative Health Insurer, do not need to wait until Renewal
Date.
3) Immediate health cover available
on transfer to alternative health insurer available with NO
waiting period (as long as you were not on any waiting periods
with "old" Health Insurer or in process of upgrading to higher
level plan).
4) New Health Insurer you opt
to transfer to MUST accept you immediately.
5) If you decide to transfer
back at any time in the future, the "old" Health Insurer MUST
accept you back immediately.
6) You are entitled to claim
back any advance premiums paid to "old" Insurer on transfer.
7) No difference in premiums
if you are aged 65 or 25 years old. This is called the "Community
Rating" rule.
8) Health insurance cover is
provided to you IRRESPECTIVE of your age, sex, current illnesses
(already accepted by existing Insurer), and irrespective of
any past history of claims.
VIVAS Health generally provides
more comprehensive cover and at a lower premium cost.
Please contact us for a comparison
quote which we can email to you.
For quotations on any of the
above you can contact
us with your details and requirements.
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