Nearly three in five overpay by €500 a year for health insurance

Many people do not review their health cover annually and, as a result, are either paying too much, do not have the cover they need  — or both, writes John Hearne

Many people are losing out because they are not shopping around for the best cover.

New survey data suggests that we’re still paying too much for health insurance. The research, which is based on feedback from 1,000 health insurance policy reviews, was carried out by consultancy TotalHealthCover.ie.

They found that nearly 60% of respondents could be on the wrong plan, and are overpaying by up to €500 per adult for their cover.