Saturday 24 March 2018

Health insurance prices set to rise again

Laya is to increase its prices Photo: Getty Images
Laya is to increase its prices Photo: Getty Images
Charlie Weston

Charlie Weston

A new round of health insurance price rises is set to take effect from the start of next year.

Laya is to push up the cost of 49pc of its plans from January 2017.

The move will affect half of the 500,000 members of the insurance company.

Premium rates are going up by an average of 5pc.

However, the cost seven plans is going down.

Other insurers are likely to impose higher premium costs next year also, experts said.

Laya blamed higher costs imposed on health insurance by the Government for members using public hospitals.

Consultant charges had gone up by 9pc in public hospitals, and by 12pc in private hospitals.

Laya announced price rises earlier this year which have the cumulative impact of making plans around 10pc dearer when customers renew on them.

Last week health insurer Irish Life, which took over Glo and Aviva Health recently, said it's pushing up prices by an average of 6pc from the start of next month.

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