Wednesday 7 December 2016

Health cover costs 'to rise by up to €480 for families'

Published 11/10/2016 | 02:30

Families face double-digit increases in the cost of their health insurance when the majority of them renew in the coming months. Photo: Getty Images
Families face double-digit increases in the cost of their health insurance when the majority of them renew in the coming months. Photo: Getty Images

Families are facing double-digit increases in the cost of their health insurance when the majority of them renew in the coming months.

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A family of two adults and two children will face health cover bills that are up to €480 dearer on some plans, according to an analysis by health insurance expert Dermot Goode.

An analysis of increases announced by the two largest players, VHI and Laya, shows that the cumulative rises are 10pc - three times more than the 3pc increases that consumers have been expecting.

This is because health insurers are now announcing a number of small rises throughout the year and when added up they amount to higher rises as insurance is renewed annually.

Some of the cumulative rises are up to 13pc - far ahead of the '3pc average' figures that shoppers were expecting.

Irish Independent

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