GloHealth to hike rates by up to 10%

Health insurer GloHealth is to increase rates on some of its plans from Mar 31 and Apr 3.

The insurer said that while some plans will not increase the average rise in adult premium rates on the plans which will be hit is 5.2%. When all plans are considered the average adult price hike is 2.5%. The increases range from 0.6% to 9.6%. The largest of 9.6% applies only to GloHealth’s Good plan.

The company blamed the hikes on “the mishandling by the Department of Health of the creation of a two-tier health levy system”.