Numbers paying for private health insurance climb despite price hikes
Over 75% of queries to Health Insurance Authority in third quarter related to comparing plans, reflecting strong interest in switching
Over 75% of queries to Health Insurance Authority in third quarter related to comparing plans, reflecting strong interest in switching
There could be two reasons: poor management forecasting, or a desire to avoid one hefty, double-digit price rise in the hope that customers won’t notice
Average price increase of 5 per cent but many customers facing much higher rises
Move is to keep funding subsidy scheme for older and higher risk citizens with health coverage
Patrick Burke to head new unit which also includes Setanta Asset Management
Move from State’s largest health insurer follows similar announcements from Laya Healthcare and Irish Life Health
Shopping around for the most suitable cover can lead to big savings
Move comes just six days after Laya Healthcare rolled out price increases
Data from Health Insurance Authority indicate fewer young people buying health insurance
Over 65s paying 44% more for cover than the average, Health Insurance Authority report says
Health cover costs have only gone in one direction – up – and switching can be complicated, but it’s worth shopping around
Patients looking to access Eli Lilly’s Mounjaro from next week will have to pay privately
Announcement follows emergence of Level Health as a fourth provider in market
Health Insurance Authority says average policy price is now €1,712 and that consumers view private cover as a necessity not a luxury
Sometimes more choice does not benefit consumers, and health insurance is a prime example
Premiums could rise anywhere from 6% to 25% even as benefits of some plans are reduced, industry expert warns
Payouts eclipse €1.3bn Canada’s Great West-Lifeco paid Government to buy Ireland’s largest life and pensions group in 2013
Private premiums climbed 10% in 2023 with more price hikes announced this year already
Irish Life refused small financial respite as child was 16 years old – and refused to pay towards accommodation unless it was for a B&B or a hotel, not an apartment
Changes will apply to new customers from July 1st and existing customers renewing policies from same date
With the insurer clearly seeing a gap in the market, ‘aggressive competition is to be expected’
Inside Business podcast with Ciarán Hancock
Average price of health insurance premiums increased 10% in 2023 to almost €1,600
Health insurer has given no plausible explanation for selecting some of its most popular plans for closure
Older people are typically paying almost 50 per cent more for cover than younger cohorts
People are reconsidering the merits of private cover amid sharply rising insurance costs
As the private health cover rises sharply, insurers need to be more proactive in telling customers when cover changes so they do not face surprise demand for payment upfront
Some 71% of the more than 2 million people with private health insurance have never moved provider
Conor Pope looks at what might happen with interest rates, for borrowers and savers, and whether other bills will rise again
Policy prices to increase by an average of 4.8% from January
Industry watchdog says there are 2.44 million people with insurance, 47.6% of total population
Double increase price ‘shock’ to take effect for Laya customers from October 1st with competitors expected to follow
Insurer has announced two recent price increases citing rising hospital procedure costs
If you have been on the same policy for more than three years you are probably overpaying by about 25%
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