11 hours ago
SYS Financial expands health insurance advisory service for businesses
SYS Financial, a provider of financial planning and employee benefits in Ireland, has announced the launch of its expanded private health insurance advisory service, specifically tailored to meet the needs of businesses amid soaring health insurance premiums.
This initiative comes at a critical time, as private health insurance premiums are set to increase by up to 20% this year, alongside higher government levies and reduced coverage for day-to-day medical services.
The Irish health insurance landscape is increasingly challenging for businesses, with over 400 plans on the market and frequent changes in policy terms. Identifying the most cost-effective and suitable cover for employees has become a complex task for HR and finance teams.
Ger Conalty of SYS Financial, said: "The health insurance market is notoriously complex, making it difficult to identify the most appropriate and cost-effective plans. With levies and premiums increasing, and tighter caps on routine services, many risk overpaying or being underinsured. In this environment, informed decision-making is crucial and a service like ours can make all the difference."
SYS Financials' said its new advisory service addresses these challenges by offering comprehensive plan reviews, access to exclusive plans, navigation of plan changes and risk mitigation in plan switching.
