Under-34s ‘no faith’ in health insurance

The health insurance price war will not be enough to attract younger people ahead of the imposition of new membership rules, it has been claimed.

From May 1, new penalties will apply to those over the age of 34 taking out insurance cover for the first time.

The introduction of lifetime community rating will result in an extra 2% loading on premiums for each year above the age of 34, up to a maximum of 70%.