The Irish Patients Association (IPA), said that insurance subscribers in Ireland are facing hike in premiums and are struggling to pay health insurance premiums. IPA has expressed fear for families who could not meet the cost of health insurance in the coming years.
Recently in a report, Aviva health insurance company has said that its customers nearly 350,000 subscribers are going to face a 15% hike from mid-February. McMahon, the chairman of IPA said that, “the cost of private health insurance within the last couple of years has gone up to 100%”.
If Irish people were to wait for another six years, the average family of four could see a cost something between €7,000 and €8,000 for their private health insurance. It is a kind of contribution they have to pay for their lives.
The leading insurance company Voluntary Health Insurance Board (VHI) will increase its insurance premiums by anywhere between 15% and 45% in January followed by a 2% increase on its policies last month. The second largest insurance company, Quinn Health Care has announced earlier this month about the rate increases between 7% and more than 20%, which will begin to take a huge effect from the beginning of next month.
Aviva, which stands third in the market of private health insurance provider increased its premiums by 14% in March and further 9% in the month of August. Now it is planning to increase the cost of all its premiums by 15% from next year 15th of February. This hike will cost many Irish families more than €300 a year.
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