Irish Life Health ups insurance prices for third time in one year
Announcement follows emergence of Level Health as a fourth provider in market
Announcement follows emergence of Level Health as a fourth provider in market
Health Insurance Authority says average policy price is now €1,712 and that consumers view private cover as a necessity not a luxury
Sometimes more choice does not benefit consumers, and health insurance is a prime example
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Premiums could rise anywhere from 6% to 25% even as benefits of some plans are reduced, industry expert warns
Family of patient has written to organisation representing doctors to highlight the finding
Largest general insurer in the Republic acquired the second largest player in health cover market last year in €650m deal
Private premiums climbed 10% in 2023 with more price hikes announced this year already
Changes will apply to new customers from July 1st and existing customers renewing policies from same date
Insurer announced in April that it would re-enter the Irish private health insurance market later this year
With the insurer clearly seeing a gap in the market, ‘aggressive competition is to be expected’
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The as yet unnamed venture is to begin selling private health insurance in the second half of 2024
Health insurer has given no plausible explanation for selecting some of its most popular plans for closure
Older people are typically paying almost 50 per cent more for cover than younger cohorts
Head of largest insurer in the State says Laya deal ‘is transformative’
Price increase to come into effect on April 1st and follows similar increase by VHI on March 1st
Falling interest rates may offer some support but acquirers are wary of policy changes here and abroad
People are reconsidering the merits of private cover amid sharply rising insurance costs
As the private health cover rises sharply, insurers need to be more proactive in telling customers when cover changes so they do not face surprise demand for payment upfront
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Some 71% of the more than 2 million people with private health insurance have never moved provider
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Industry watchdog says there are 2.44 million people with insurance, 47.6% of total population
In August, French insurance giant agreed to buy Laya Healthcare, the Republic’s second-largest health insurer, in a deal worth €650m
There are certain things you can do to lessen the pain of choosing a plan
Double increase price ‘shock’ to take effect for Laya customers from October 1st with competitors expected to follow
Health insurance company blames spike in volume and cost of claims being made
Signs point to another round of price hikes for consumers this year
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If you have been on the same policy for more than three years you are probably overpaying by about 25%
Cancer medicine is undergoing a revolution, with scores of new treatments targeting specific tumours coming on stream
Public patients may now have to wait up to two years longer than all private patients for access to innovative therapies
While you may be adept at claiming money back for a GP visit, many of us fail to claim a host of other benefits
Laya Healthcare and Irish Life Health must be unsettled as leading oncologists clearly direct patients to rival VHI
Irish Cancer Society calls for re-examination of ‘whole system’ of drug reimbursement
Two cancer patients and two oncologists raise concerns about how customers of private health insurers Irish Life and Laya Healthcare are losing out on access to new cancer treatments
Health insurers Irish Life and Laya Healthcare are ‘hiding behind’ the lengthy approval process for treatments, say oncologists Prof Ray McDermott and Prof John Crown
Irish Life Health points to increase in healthcare claims made post-pandemic as other players weigh up premium hikes
Price rises set to average 5 per cent and will see family policies climb by between €160 and €220
Company on market for €200m, in a move likely to attract interest from life and general insurance companies
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US insurance giant bought nation’s second largest health insurance in 2015 for about €80m
Crowleys DFK believes the return on the range of services it provides to staff has been clear
The State’s largest private health insurer said it would increase prices by an average 4.8% across its health insurance plans due to increased demand for healthcare and rising costs
Era of price stability across private sector set to end as impact of the cost of living crisis passed on to consumers
Out-of-hours services and pharmacists are struggling to cope as patients flock to them to avoid hospitals
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