SYS Financial, a leading financial planning and employee benefits provider in Ireland, has announced the launch of an enhanced private health insurance advisory service. The new offering is designed to help businesses navigate soaring health insurance premiums and an increasingly complex market.
Addressing a Growing Challenge for Businesses
Private health insurance premiums in Ireland are expected to rise by 20% this year. This increase comes alongside new government levies and tighter coverage limits on routine medical services. With over 400 health insurance plans available and frequent policy changes, HR and finance teams face significant challenges in selecting the most suitable and cost-effective employee protection options.
Expert Guidance to Simplify Decision Making
Ger Conalty, spokesperson for SYS Financial, highlighted the difficulty of choosing the right plan. He said, “The health insurance market is notoriously complex and it can be difficult to find the most appropriate and cost-effective plan. With taxes and premiums constantly rising, and increasingly strict caps on routine services, many people are at risk of being overpaid or under-insured. In this environment, informed decision making is essential and services like ours can make a difference.”
Comprehensive Support for Businesses
SYS Financial’s new advisory service offers businesses comprehensive plan reviews, access to exclusive insurance plans, assistance in navigating plan changes, and strategies to mitigate risks during plan conversions. This service aims to reduce costs and ensure employees receive optimal coverage amid a challenging market landscape.
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