HEALTH INSURANCE PROVIDER Aviva has announced its second hike in premiums in six months – with the cost of its most popular hospital plan set to increase by nearly 10 per cent in two months’ time.
The Level 2 hospital plan will increase by 9.5 per cent for existing customers come September 1, while new customers will face higher premiums for the same cover, RTÉ reports.
That plan – which is Aviva’s most popular offering – will now cost existing customers €1,030 per year, while new customers will have to pay a massive €1,126 for the same plan.
The Irish Times explained that the comparable VHI Plan B costs €1,224 per year. Quinn Insurance’s similar offering, Essential Plus, costs €1,110.
Ciaran Hancock added that the move will affect around a quarter of Aviva’s 370,000 Irish customers.
The insurer told the Irish Independent that it blamed medical inflation for the price increases.
Aviva had already increased its premiums by around 14 per cent in March.