Healthcare Coins are vouchers in the form of stamps. They can be collected and then used when you have a future need for private healthcare.
Save as you go for your private HealthCare
- Your own private healthcare fund
- Save what you want. When you want
- Then use when you need
- On anyone’s private healthcare
- Using one of our quality participating private healthcare providers
What are Healthcare Coins?
How much are they and how many can I purchase?
Each Healthcare Coin stamp costs €50 and you can buy as many as you like. There is no limit.
Do Healthcare Coins have an expiry date?
No. There is no expiry date and they never will have an expiry date.
What can they be used for?
To pay for private health care. Health care is defined as the prevention, diagnosis, alleviation or treatment of an ailment, an injury, an infirmity, a defect or a disability. So, for example, if a treatment in a private hospital normally costs €500 and you have accumulated 10 Healthcare Coin stamps (or a total value of €500) then you can use your Healthcare Coin stamp balance to meet the full cost of that treatment. The healthcare provider must be a Letsbuyhealthcare participating provider.
Can I withdraw or 'cash in' my Healthcare Coins if I decide I don't need them?
No. You are committing to using your collection of Healthcare Coin stamps for private healthcare. You can only use your Healthcare Coins to purchase healthcare from a participating provider.
Why would I need to buy Healthcare Coin stamps – I could save up my own fund?
You can of course. But with Healthcare Coins you are making a 100% commitment to accumulating your own dedicated healthcare fund for you and your family. It’s preparing for future healthcare costs and for nothing else and also directly connecting you with Letsbuyhealthcare’s provider network.
Can I use my Healthcare Coins for another person's private healthcare?
Yes. You can opt to use some, or all, of your Healthcare Coin stamps to pay for anyone’s healthcare – anyone in your extended family, a neighbour or even a stranger.
Do I have to register everyone in my family when I buy Healthcare Coins?
No. We only need to register someone as the owner of the Healthcare Coins. The owner decides how much, on whom and when Healthcare Coins are used.
Can anyone else access or decide on the use of my accumulated Healthcare Coin stamp balance?
Absolutely not. The Healthcare Coin stamps are your property, securely held, for you alone to decide how they are used for future healthcare purposes. You are accumulating and using your own personal healthcare fund – as you see fit for your own circumstances.
If I already know I will need treatment, or have had treatment in the past, does that matter?
No, it doesn’t matter what you or your families age, sex, health history or current health condition is. There are absolutely no pre-conditions. You can save up Healthcare Coin stamps to prepare for any treatment, care or operation in the future.
Does the type of healthcare treatment matter?
No. Any healthcare delivered in an inpatient, outpatient, day-care or community setting – the only requirements are that the expenditure falls within the definition of healthcare used by the Irish Revenue and that the healthcare provider is a participating Letsbuyhealthcare provider.
Can a company buy Healthcare Coins?
Yes. In exactly the same way as a family, an employer can buy Healthcare Coins on behalf of the company for it’s employees. If you an employer we’d suggest you make contact with us and we can take you through the steps.
Do Letsbuyhealthcare charge a fee for Healthcare Coins?
No. There is no fee or commission charged by Letsbuyhealthcare for Healthcare Coins. The face value of all purchased Healthcare Coins will be exactly the same value available to you to buy private healthcare.
How do Letsbuyhealthcare make money on Healthcare Coins?
Indirectly. Healthcare Coins is a product that encourages the use of Letsbuyhealthcare’s ‘Pay as you go’ service with private hospitals and other private providers. While Letsbuyhealthcare do not charge the consumer for either Healthcare Coins or ‘Pay as you go’ we do have commission arrangements in place with private healthcare suppliers and providers. Letsbuyhealthcare’s income is exclusively from those commission arrangements with private healthcare providers – not from consumers or patients.
Can I use my Healthcare Coins for non healthcare purposes?
No. When you purchase Healthcare Coins you fully commit to using them only for Healthcare. Unfortunately, they can’t ever be used to fix the boiler or to fund that holiday. You can use your Healthcare coins for any healthcare expenditure provided it is within the definition used by the Revenue Commissioners for tax relief on health expenses and the provider is a Letsbuyhealthcare participating provider.
Can I claim tax relief on Healthcare Coins?
NAt the time of using the Healthcare Coins for healthcare expenditure you may qualify for tax relief on medical expenses in the same way as you would normally. Provided of course you meet the Revenue Commissioner’s standard rules and conditions.
Are Healthcare Coins a type of private health insurance?
No. Healthcare Coin stamps are not private health insurance.
I don’t have private health insurance can I buy Healthcare Coins?
Yes. Your accumulated Healthcare Coin stamps will give you your own fund to use, as you like, towards future private healthcare needs
I have private health insurance can I buy Healthcare Coins?
Yes. You can supplement your private health insurance by also building up your own healthcare fund.
Can I buy Healthcare Coins instead of private health insurance?
Yes. If you want to build up your own personal private healthcare fund using Healthcare Coin stamps to meet the future cost of your private healthcare.
Can I top up my accumulated Healthcare coins if I ever needed treatment?
Yes. If, for example, a private healthcare treatment costs €1,000 and you had an accumulated Healthcare Coin stamp balance of €800 you can pay the €200 difference by way of an additional payment at that time (or by buying additional Healthcare Coins)
Do private health providers have to be Letsbuyhealthcare participating providers?
Yes. Healthcare Coin stamp vouchers can only be used with Letsbuyhealthcare participating providers
If I need a healthcare treatment do I have to make a claim or how does that work?
There is no ‘claim’ process and no forms. Nothing like that. Letsbuyhealthcare will pay the healthcare provider, on your behalf, out of your accumulated Healthcare coin stamps. You simply select a participating provider and book the treatment you need on the Letsbuyhealthcare website. Once we’ve validated that it’s actually you we will make payment directly to the hospital or provider of your choice using your personal Healthcare Coin accumulated balance.
Can I set up a regular purchase of Healthcare Coins? Weekly, monthly or annually?
Yes. You can buy Healthcare Coins on a once off basis and/or set up a regular purchase as you wish
How do I know the total value of all my Healthcare Coins will be available to me when I need them?
You can log in at any time to your account on our website to check on your available Healthcare coin stamp balance using your Letsbuyhealthcare Customer number and password. We will also send you a Healthcare Coin Customer Stamp Book so that you can have your own record. If you want, you can opt out of keeping a Healthcare Coin Customer Stamp Book.
Can I buy someone a gift of Healthcare coins?
What happens to my Healthcare Coins in the event of my death?
The value of your accumulated Healthcare Coin stamps passes to your estate.
Can I pay my GP with Healthcare Coins?
Yes. Provided the GP is a Letsbuyhealthcare participating provider.
Do I have to own Healthcare Coins to use one of Letsbuyhealthcare’s providers?
No. Healthcare Coins are a way of preparing for the cost of private health but if you’d prefer you can simply select your preferred provider and treatment on the Letsbuyhealthcare website and pay by credit card in the normal way.