Rise in claims drives Laya Healthcare premiums up

Laya Healthcare is set to increase the price of many of its products by 4%, with one health insurance expert saying that it would be a “surprise” if VHI did not follow suit before the end of the year.

The Laya price review, effective from September 1, includes an average increase of 4% of the gross premium across 59 schemes. While the price hikes on some products are modest, the increases in other areas could cost some families between €100 and €200 more a year.

Dónal Clancy, managing director at Laya Healthcare, said: “We are acutely conscious of the impact this adjustment will have on some of our members, and we have tried to minimise the impact across our schemes.”