As health insurance premiums are starting to rise again, it's advisable to shop around before renewing cover, writes Brian Finn
With over 320 plans to choose from, it would test even the most patient of individuals.However, premiums are starting to rise again in tandem with goods and services in other parts of the economy, so it's advisable to shop around before renewing cover.According to the Health Insurance Authority , over 2.4 million people - close to half of the population - have private health insurance.
But it appears the pandemic had the opposite effect. The sight of over-crowded healthcare facilities and the prospect of long waiting lists in the public system appeared to demonstrate to people the value of having some level of health insurance cover. However, the claims landscape is changing again with hospital services getting back to more normalised levels of activity after the pandemic and inflation is also putting pressure on the cost of treatment.
The insurer said inflation in the cost of hospital procedures - which it described as 'very substantial' - was behind the decision."We're surprised that they've held out so long," health insurance expert, Dermot Goode of Totalhealthcover.ie said.
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