Reduced health cover a growing ‘time bomb’

Struggling health insurers are increasingly offering restricted cover deals which, while cheaper in the short term, are a “time bomb” for unsuspecting customers, it has been claimed.

The National Healthcare Conference will hear today that there is a growing trend within the sector for firms to offer the plans in the scramble to ensure customers keep their insurance coverage.

However, coming a day after VHI’s annual report showed yet more bad news for the sector, the conference will be told that far from the better value offers claimed, the deals are a “time bomb” for patients.