SYS Financial launches enhanced health insurance advisory services for businesses

/ 9th June 2025 /

SYS Financial has launched an expanded private health insurance advisory services for businesses.

The launch comes as private health insurance premiums are set to increase by up to 20% this year amid higher government levies and reduced coverage for day-to-day medical services.

There are more than 400 plans available in the Irish health insurance market with frequent changes in policy terms, making identifying the most cost-effective and suitable cover a complex task for HR and finance teams.

“The health insurance market is notoriously complex, making it difficult to identify the most appropriate and cost-effective plans," said Ger Conalty of SYS Financial.

"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.”

As part of the new services, SYS Financial conducts a full-market analysis to identify plans that align with companies' benefits strategy, filtering out unsuitable options and highlighting the best value plans.

The company will also leverage its industry relations to access lesser-known plans that may not be available directly from insurers, and will keep a client informed of any changes and their implications.

SYS Financial can also help firms switch health insurance plans to avoid costly pitfalls such as new waiting periods or Lifetime Community Rating (LCR) loadings, and provide tailored communication and support to help employees maximise their benefits.

Additionally, the company will provide ongoing support for employee queries, reducing administrative burdens for HR departments, and handle payroll integration and scheme management.

SYS Financial said the launch reinforces its commitment to simplifying financial complexity and empowering better business decisions at every stage, and that it complements its existing corporate offerings, including workplace pensions, executive benefits, financial education, and investment support.