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Episode 158 - Ruth Hennelly's Vision for a Healthier Financial Future
Manage episode 447922252 series 2964332
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๐๏ธ This week on AIBF Business Talk, CEO Elaine Carroll chats with Ruth Hennelly, Director & Financial Advisor at Hennelly Finance, a top health insurance advisor in the West. Ruth shares valuable insights into the Irish health insurance market, particularly the increased demand following COVID-19 and the significance of switching plans for savings. ๐ฅ๐ฐ
They also discuss the upcoming auto-enrollment initiative for pensions, set to launch in September 2025. This initiative aims to automatically enroll eligible employees, starting with contributions of 1.5% of their salary, increasing over time. Ruth highlights the necessity for both employers and employees to understand their options, especially for higher-rate taxpayers, and stresses the importance of seeking expert advice to navigate these changes effectively. ๐๐ฅ
Topics covered include health insurance market trends, policy renewals, and comparing auto-enrollment with private pension schemes. Ruth reassures listeners that switching health insurance plans is safe and regulated, encouraging annual reviews. She emphasises the importance of making informed decisions for financial stability and invites everyone to reach out for expert guidance. ๐๐ผ
Tune in now for some expert Financial Insights from Ruth Hennelly of Hennelly Finance.
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