Both the VHI and Laya Healthcare are raising the cost of plans by an average of 3.5% and 6.5%, respectively, from October
Laya Healthcare is similarly set to increase premiums by an average of 6.5% from the start of October.Expenses are increasing in health insurance and people need to 'make a phone call' to see what better deals are out there."If there was such a thing as a perfect storm in health insurance we pretty much have it now," he said." Laya and VHI have just announced their second increase this year - Laya 's average increase will be 6.5%, VHI's will be 3.5%.
"The VHI had launched another suite of plans which were pretty much replicas of those anyway," he said."What happens is they reduce the plan numbers but each month they're launching new plans anyway, so one is catching up with the other. "It does mean that there are thousands of customers out there, whether they like it or not, will have to shop around this year".Mr Goode said health insurers are blaming an increase in claims for the price hikes."There seems to be a shift in terms of people's treatment pathways."If you go privately you can choose your consultant, choose your accommodation, you can choose when you go in and you're guaranteed to get your private or semi-private room.
"The hospitals are becoming much more efficient in terms of getting people in turn them around more quickly - that's a positive," he said.
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