VHI hikes health insurance by up to 12.5pc, blames rising claims costs
Published 02/02/2012 | 14:31
VHI HEALTHCARE is the latest provider to hike its prices.
Increases of between 6pc and 12.5pc will be introduced from the start of next month.
The company blamed the increases on rising customer claims costs.
"Today's price increase is the lowest possible amount we could introduce to ensure we can meet the cost of our customers' healthcare needs in 2012," said chief executive Declan Moran.
"We are acutely aware of the enormous financial pressures facing our customers and have endeavoured to keep the price increases on our plans as low as possible.”
The increase for the VHI's most popular plan, the OnePlus plan, will mean the annual premium for two adults and two children rising from €2,093 to €2,250.
The VHI said it had made savings of over €190m since 2009.
Aviva Health plans are increasing by 15pc next month and Quinn Insurance plans go up by 6pc also next month.
Many people have chosen to forego private health insurance because of the growing cost.