independent

Thursday 17 April 2014

Second health insurer confirms price hike next month

A SECOND health insurer is to push up prices from the first day of the new year.

Aviva will hit families renewing their policies from January 1 with rises averaging 5.2pc, with some plans going up by 11pc.

It comes just days after similarly sized premium increases were announced by GloHealth.

Now the second largest player in the market, Laya, is set to increase its premiums in the coming days.

Health experts said more rises could be expected as the Government has made a number of changes which have hit insurers with higher costs.

The spate of new rises comes just weeks after the Budget restricted the tax reliefs on policies which had the effect of sending prices for an adult up by between €40 and €800 each a year.

The tax relief changes are set to hit more than one million people, the Government has admitted.

And from March the majority of adults with health insurance will be hit by higher Government-imposed levies on their policies.

These will rise by €49 per adult and €15 per child.

Health insurers have also been told to pay an extra €130m to the HSE for the use of public beds.

Irish Independent

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