TWO OF IRELAND’S biggest health insurers have announced plans to increase the costs of their premiums for customers.
Aviva’s 15 per cent increase across all of its premiums takes effect from 15 February for consumer plans and 1 March for corporate plans. It follows two previous increases over the past year.
VHI is increasing its rates by at least 15 per cent for around 20,000 people who are covered by its corporate plans. The Independent reports that the corporate rate increases are expected to be followed by similar increases for private plans aimed at individuals and families. VHI had also raised its prices twice in the past 12 months.
VHI warned recently that Budget 2012 measures for health service reforms aimed at improving the generation and collection of private income from public hospitals could see its premiums increased by up to 50 per cent.
Today we’re asking: will the latest price hikes discourage you from renewing your health insurance?
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