Irish Life Health has today announced the third increase in the price of its health insurance plans since last July.
The health insurer said its price hike will result in an average increase of 5.3% on its gross adult premium.The increase will apply for new customers from July 1, and existing customers whose renewal is due from the same time.
Vhi and Laya have already introduced average price increases of 7% from March and April respectively this year. "The health insurance market is going through somewhat of a correction as private hospitals are rapidly working their way through the backlog of procedures that built up during the pandemic and reflecting the challenging environment in the public healthcare system," Ger Davis said.
"We will continue to offer our customers best-in-class care through fast access to digital led primary care services across our plans and innovative care & recovery services in the home. This is in addition to cover for treatment in our nationwide hospital network, all of which help us mitigate the increasing claims trend," he added.
Business Your Money Health Insurance Dermot Goode Ger Davis Irish Life Health
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