"Level Health, which is backed by insurance giant Aviva, said it will increase the cost of three of its four plans by 4pc from February. The insurer has a price freeze in place till February. It comes as health insurance premium rises for VHI Healthcare, Laya Healthcare and Irish Life Health are set to be implemented from the start of January."
"This is the busiest time of the year for health cover renewals with around half of the market due to renew its cover between now and February. This amounts to around 1.25 million policyholders. Level Health said it is raising the cost of its Plans B, C and D, with no change to the price of Plan A. The average increase across all plans will be 4pc, while the price of Level Health's most popular plan, Plan B 300, will increase by 3.5pc."
"As the price adjustment doesn't come into place until February 2, customers who take out a policy or renew their policy anytime between now and then can benefit from existing prices, offering certainty and predictability for their health insurance costs for the following 12 months. Level Health said it is also offering 50pc off all children under the age of 18 on Plan B and Plan C until February 1."
Level Health, backed by Aviva, will increase prices on three of its four plans by 4% from February, with Plan B 300 rising 3.5%. A price freeze remains in place until February 2, and customers who take out or renew policies before then will retain existing prices for 12 months. Around half the health-market renews between now and February, affecting about 1.25 million policyholders. Level Health is offering 50% off all children under 18 on Plan B and Plan C until February 1. Benefit enhancements include full cover for a private room on Plan C and improved cancer screening cover. The first price adjustment in 10 months reflects rising medical costs.
Read at Irish Independent
Unable to calculate read time
Collection
[
|
...
]