Quinn Healthcare announces 6pc hike and blames Government
QUINN Healthcare today hiked its health insurance by 6pc for both renewals and new business from March.
It follows increases of between 7.25pc at the start of this month for adult premiums on a range of its plans.
The insurer blames the Government’s recent health insurance levy increase for the increase.
Quinn Healthcare has over 458,000 subscribers.
The 6pc increase will not apply to its Essential First scheme, which is its lowest cost entry plan.
According to Quinn Healthcare’s MD, Donal Clancy, the dramatic changes to the health levy had not been anticipated.
Quinn Healthcare said that the recent health levy increase and other changes to age related tax relief on health insurance will cost it €20 million this year.