Health Insurance in Ireland this year has seen rate increases across all three insurers in the market: Irish Life Health, Laya and Vhi. For some plans, the percentage increase has been in the double-digits.*
What’s more, the following Vhi plans no longer exist as of 1st May - Health Plus Extra, Health Plus Access, Health Plus Excess & Health Access – so all those affected need to find a suitable alternative.**
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, which is where we can help! €400 is the average saving people have made by reviewing their cover with us in the past year.****
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: Cornmarket, based on 4DHealth 2 Plan (Irish Life Health), Essential Health 300 Plan (Laya), EnhancedCare 250 Plan (Vhi), July 2023-July 2024.
**Source: Irishtimes.com, April2024.
***Source: Cornmarket Analysis, March 2024.
****Source: Cornmarket, based on 21,788 client comparisons, July 2023-July 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.