Shock rise in health insurance premiums
Published 29/05/2015 | 02:30
HEALTH insurance premiums are to rise at Aviva – just weeks after thousands of people took out cover for the first time.
The insurer is to implement rises averaging 5.5pc on 106 plans for those renewing or taking out cover from July, in a move that will see some policies costing between €200 and €470 more for families.
The rises come just weeks after an extra 74,000 people took out health insurance ahead of the introduction of late-entry penalties as part of lifetime community rating.
One of the plans going up is the €425-a-year Starter Select, an entry-level plan introduced to capture new entrants ahead of the lifetime community rating changes.
Aviva had already increased premiums in January.
Experts had been expecting few, if any, rises this year. This view was reinforced when both VHI and Laya cut the cost of a number of plans and froze premium ratings on others.