Did you know that both Laya & Vhi Healthcare have applied an average rate increase of 7% as of 1st March and 1st April respectively?*
This follows on from Irish Life Health increasing prices by just under 5% on average, in January of this year.
These increases stand to affect thousands of people across the country and are particularly concerning given the financial strain most people are already experiencing.
Some of the reasons behind these premium increases include:
In addition to this, private and hi-tech hospitals are returning to full service and many much-needed procedures that had been deferred during the pandemic, are now taking place.
While it's understandable that providers need to adjust premiums to manage their costs, it's also crucial for policyholders to assess their options carefully.
With a significant portion of Irish people overpaying on health insurance by 30% or more, we cannot stress enough the importance of reviewing your cover annually.**
We recommend that you explore alternative options, to ensure you’re getting the best value for your cover. We know finding the time for this can be difficult and that's where we can help!
Cornmarket’s Health Insurance Comparison Service does the work for you, to save you time and money.
We review over 320 plans*** to find the right one for your needs, and compare all three insurers: Irish Life Health, Laya, and VHI.
With us, you can make informed decisions about your cover and save money!
Call us on (01) 470 8093*Source: Hia.ie, March 2024 ** Source: Cornmarket Analysis, March 2024 ***Source: Hia.ie, November 2023.
Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland.
Irish Life Health DAC is regulated by the Central Bank of Ireland.
Laya Healthcare Limited, trading as Laya Healthcare and Laya Life, is regulated by the Central Bank of Ireland.
Vhi Healthcare DAC trading as Vhi Healthcare is regulated by the Central Bank of Ireland.