Three major health insurance providers in Ireland are increasing their prices, impacting an estimated 600,000 policyholders. This follows a series of price hikes and benefit reductions last year. The situation comes as a new insurer, Level Health, enters the market with promises of simpler, more affordable plans.
Around 600,000 people are facing price hikes on their health insurance premiums. Three major providers have announced rises in the price of their plans, despite a number of rises last year. Irish Life Health is increasing the cost of 130 of its plans, with Laya pushing up costs on 13 schemes, and VHI raising the premiums on 11 plans. A number of previously announced Irish Life Health premium rises already took effect from the start of this month.
Newer provider Level Health is also cutting some of the discounts it offers on two of its plans. Last year, there was a series of rate rises and cuts to benefits on a number of plans. Before the end of 2024, Irish Life Health announced a third price increase in just over 12 months, with customers facing an average hike of just under 4pc from the start of this year. Both VHI and Laya announced two price rises last year. A report from the Health Insurance Authority published in November found the average policy premium is now €1,712, although it said many policyholders could make savings by shopping around. This comes as new health insurer, Level Health, launched late last year, promising simplified and cheaper policies. Level Health is a 50/50 joint venture between insurer Aviva and its founders and senior executives which include a number of experienced industry veterans. The company has been co-founded by former Vhi chief executive, Oliver Tattan. The company claims it will simplify overcomplicated insurance policy options by offering just four plans, in comparison to the nearly 350 policy options currently available with existing insurer
Health Insurance Premiums Price Hikes Ireland Level Health
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Health: the latest health news from across Ireland from the Irish Mirror's dedicated health news teamThe latest health news from across Ireland from the Irish Mirror's dedicated health news team
Read more »
New photos show health insurance CEO's 'assassin' in taxi after shootingA suspect wanted over the shooting of Unitedhealthcare CEO Brian Thompson in New York was pictured twice as he took a taxi following the killing but his whereabouts remain unknown
Read more »
Here’s how to get the best deals on health insuranceThe price of health insurance cover has continued to grow over the past year – so how do you get a good deal?
Read more »
Does Private Health Insurance Really Pay Off?This article explores the benefits and drawbacks of private health insurance in Ireland, particularly regarding access to consultants, hospital rooms, and reduced waiting times. While the public healthcare system provides essential care for emergencies and serious conditions, private insurance can offer advantages in terms of speedier access to specialists and more comfortable hospital stays.
Read more »
Stigma Remains Major Barrier to Mental Health Treatment in IrelandA new survey by St Patrick’s Mental Health Services reveals that nearly half of those with mental health issues avoid treatment due to stigma. The survey also found that 20% of adults wouldn't tell anyone if they were experiencing suicidal thoughts.
Read more »
Storm Darragh: Hundreds of thousands of premises without power amid ‘extensive damage’ to electricity infrastructureWeather Ireland: Bus, rail and ferry services disrupted as storm crosses Ireland
Read more »