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People who rushed into entry-level plans are now paying over the odds for health cover


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(Stock photo)

(Stock photo)

(Stock photo)

Thousands of people who rushed to buy health insurance to avoid being hit with penalties are paying too much for their cover.

They mostly bought cheaper plans to avoid levies, but these have since sharply increased in price, making them uncompetitive, according to health insurance expert Dermot Goode.

As the fifth anniversary of lifetime community rating approaches, he said many of those who snapped up basic plans may now be overpaying by 20pc.