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<\/p>\nIt comes after a string of price rises from all the main health insurers, putting huge pressure on family budgets for the half of the population who have health cover.<\/p>\n
VHI said the average cost of a premium across its family plans will rise by 3pc.<\/p>\n
This will impact those renewing or taking out a new policy from March 1.<\/p>\n
Dermot Goode of Health Insurance Ireland said the increases will cost a family of two adults and two children between \u20ac80 and \u20ac250 more a year when they renew.<\/p>\n
VHI blamed what it said was the continuing cost of delivering healthcare.<\/p>\n
<\/p>\n
There have been a string of price rises from VHI, Laya and Irish Life Healthcare in the last year.<\/p>\n
News in 90 seconds – Wednesday 28th January. <\/p>\n
The cost of delivering healthcare continues to rise as more people access essential healthcare services and the cost of providing those services increases, it said.<\/p>\n
The price hikes will see the cost of the AdvancedCare Day to Day rise by \u20ac423 a year for a family of two adults and two children.<\/p>\n
The cost of the Enhanced Care 250 plan for a family will go up by \u20ac44 over a year.<\/p>\n
FirstCare 500 Day-to-Day will be \u20ac130 more expensive over year for a family of four.<\/p>\n
The latest rises come on the back of a host of premium rate hikes from all providers last year.<\/p>\n
This means that people renewing at the moment are likely to be hike with cumulative rises of between 10pc and 25pc. Some families will find the plans they are on are now \u20ac500 more expensive.<\/p>\n
VHI Healthcare announced price increases on its family plans in both March and October last year.<\/p>\n
And it increased three of its corporate plans on December 1 \u2013 the rises on PMI 31 12, PMI 44 16, and PMI 49 10 range from 9pc to 5pc.<\/p>\n
Mr Goode said VHI will change its pricing on another 17 corporate plans from the start of the new year.<\/p>\n
Three plans go down in price by 1pc, but the remaining 14 corporate plans will rise in price by between 5pc and 11pc.<\/p>\n
Most will increase by 8pc on average.<\/p>\n
Among these, the popular PMI 21 11 scheme will increase by \u20ac154 per adult to \u20ac1,876. The increase for a family of two adults and two children will be \u20ac406.<\/p>\n
Managing director of VHI Insurance Aaron Keogh said the company has seen an increase in the number of members accessing healthcare and this increased demand contributes to higher healthcare costs.<\/p>\n
\u201cWhile the biggest contributors to overall claims costs continue to be cancer care, orthopaedic treatments, cardiac care, digestive conditions and psychiatric care, our members have access to healthcare in more ways than ever before, not only in hospitals but also through day care and ambulatory settings.\u201d<\/p>\n
Around half of those with insurance opt to renew their cover between now and February. This amounts to around 500 million policyholders.<\/p>\n
Irish Life Health announced a 5pc average increase effective from the start of the new year across most of its schemes.<\/p>\n
Laya increased the cost of its Excel Care scheme by 6.5pc from the start of December, but reduced the cost of its Prime Care scheme by 7pc from the same date.<\/p>\n
The insurer will be increased the price of 12 schemes from January 1.<\/p>\n","protected":false},"excerpt":{"rendered":"It comes after a string of price rises from all the main health insurers, putting huge pressure on…\n","protected":false},"author":2,"featured_media":89431,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[3361,103,397,396,61,60,3362],"class_list":{"0":"post-268300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-healthcare","8":"tag-charlie-weston","9":"tag-health","10":"tag-health-care","11":"tag-healthcare","12":"tag-ie","13":"tag-ireland","14":"tag-money-experts"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/268300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=268300"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/268300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/89431"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=268300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=268300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=268300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}